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MPS Ltd. announced Q3 FY26 financial results, with reported revenue at ₹182.49 Cr, a marginal 2.08% YoY decline. Crucially, core business revenue (excl. AJE) grew 6.48% YoY to ₹153.59 Cr, reflecting steady demand. EBITDA margin stood healthy at 31.55%. Research Solutions (excl. AJE) was a strong performer, growing 16.20% YoY, maintaining its dominant contribution. Education Solutions also saw robust 11.30% YoY growth. Corporate Learning moderated due to ongoing restructuring, now focusing on AI-enabled and immersive learning for future capabilities.
For the nine-month period (9M FY26), revenue increased 3.38% YoY to ₹563.21 Cr, with EBITDA up 8.68% to ₹168.34 Cr. MPS continues geographic diversification, with UK/Europe contribution rising. The company maintains a strong, debt-free balance sheet with ₹143 Cr in cash. Management anticipates achieving an EPS of ₹100+ for FY26, a significant milestone.