MPS Limited reported a strong performance for the quarter ended September 30, 2025 (Q2 FY26), with consolidated profit after tax (PAT) surging 57% year-on-year (YoY) to ₹55.44 crore, driven by robust operational performance, higher margins, and exceptional income.
Quarterly Highlights (Q2 FY26)
- Revenue from operations: ₹194.44 crore, up 9% YoY and 4% QoQ
- Total income: ₹196.72 crore, rising 10% YoY and 2% QoQ
- Profit before tax (PBT): ₹69.17 crore, up 44% YoY and 40% QoQ
- PAT: ₹55.44 crore, up 57% YoY and 57% QoQ
- Earnings per share (EPS): ₹32.67 vs ₹20.77 in Q2 FY25
Half-Year Performance (H1 FY26)
For the six months ended September 30, 2025, MPS reported:
- Revenue from operations: ₹380.72 crore, up 6% YoY
- Total income: ₹387.65 crore, up 7% YoY
- PBT: ₹118.67 crore, up 41% YoY
- PAT: ₹90.68 crore, up 48% YoY
- EPS: ₹53.45, up 48% YoY
Segment-Wise Performance
- Research Solutions: Revenue of ₹119.58 crore with profit of ₹46.73 crore in Q2 FY26.
- Education Solutions: Revenue of ₹52.82 crore, profit of ₹21.39 crore.
- Corporate Learning: Revenue of ₹22.04 crore, profit of ₹1.41 crore.
For H1 FY26, Research Solutions and Education Solutions generated ₹228.42 crore and ₹104.44 crore in revenue, respectively, underscoring balanced growth across business verticals.
Exceptional Items and Corporate Developments
The company recorded an exceptional income of ₹12.81 crore in Q2 FY26, mainly due to a ₹13.25 crore liability write-back following the acquisition of the remaining 35% stake in Liberate Group, offset by ₹0.44 crore in restructuring costs for the American Journal Experts business.
MPS Interactive Systems Limited, a material subsidiary, signed a Share Subscription and Shareholders Agreement on October 10, 2025, for an ₹8.74 crore preferential allotment. The subsidiary also completed the 100% acquisition of Liberate Group on October 28, 2025, consolidating its digital learning portfolio.
Dividend Update
The Board had declared a final dividend of ₹50 per equity share for FY25, approved at the AGM on August 29, 2025, and paid to shareholders on September 6, 2025.
Summary
MPS Limited delivered another robust quarter with record profitability, driven by steady growth across key segments, improved operating efficiency, and strategic consolidation through the Liberate Group acquisition. With a solid balance sheet, expanding digital capabilities, and consistent dividend payouts, MPS continues to strengthen its position in the education and publishing technology domain.
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