MPS Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MPS Limited delivered strong Q2 FY'26 results: revenue up 9.42% YoY to INR 194.44 Cr, EBITDA up 13.03% to INR 60.47 Cr (31.10% margin), and EPS surged 57.3% to INR 32.67. Growth was fueled by Research (18.32% organic growth) and Education (52.4% growth), with AI-powered solutions driving significant gains. Corporate Learning saw reduced revenue share, but H2 looks promising post-restructuring. The company is debt-free with INR 117 Cr cash, eyeing INR 300-400 Cr acquisitions via debt and internal funds; no equity financing is planned. The FY'28 vision remains intact. Management is confident in its resilient, AI-integrated business.