| Scrip Code | 532440 |
|---|---|
| NSE Symbol | MPSLTD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE943D01017 |
| Name of company | MPS Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 02-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 02-02-2026 13:30:00 |
| End date and time of board meeting | 02-02-2026 15:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 18,249.00 | 56,321.00 | |
| Other income | 209.00 | 902.00 | |
| Total income | 18,458.00 | 57,223.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 7,535.00 | 23,696.00 |
| (e) | Finance costs | 28.00 | 85.00 |
| (f) | Depreciation, depletion and amortisation expense | 630.00 | 1,941.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 4,956.00 | 15,791.00 |
| Total other expenses | 4,956.00 | 15,791.00 | |
| Total expenses | 13,149.00 | 41,513.00 | |
| 3 | Total profit before exceptional items and tax | 5,309.00 | 15,710.00 |
| 4 | Exceptional items | (738.00) | 728.00 |
| 5 | Total profit before tax | 4,571.00 | 16,438.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,286.00 | 4,040.00 |
| 8 | Deferred tax | (265.00) | (220.00) |
| 9 | Total tax expenses | 1,021.00 | 3,820.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 3,550.00 | 12,618.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 3,550.00 | 12,618.00 |
| 17 | Other comprehensive income net of taxes | 352.00 | 981.00 |
| 18 | Total Comprehensive Income for the period | 3,902.00 | 13,599.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | 0.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0.00 | 0.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,711.00 | 1,711.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 20.93 | 74.38 | |
| Diluted earnings (loss) per share from continuing operations | 20.91 | 74.32 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 20.93 | 74.38 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 20.91 | 74.32 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes 1.These results have been prepared in accordance with the recognition and measurement principles laid down in Ind AS notified under section 133 of the Companies Act 2013. These results have been reviewed by the Audit Committee and upon their recommendation approved by the Board of Directors at their meeting held on 02 Feb 2026. The Statutory auditors of the Company have carried out the limited review of the financial results for the quarter and nine months ended 31 Dec 2025 and an unmodified review report has been issued. The same is available with Stock Exchanges and on the Company website at www.mpslimited.com. 2. The consolidated financial results of MPS Limited and its subsidiaries are prepared in accordance with Accounting Standard Ind AS110 Consolidated Financial Statements as specified under the section 133 of the Companies Act 2013. 4.The NRC at its meeting held on 22 Dec 2025 considered and approved the grant of 28906 options to the eligible employees of the Company and its subsidiary under the MPS Limited Employee Stock Options Scheme 2023. 5. Subsequent to the quarter ended 31 December 2025 MPS NA LLC a wholly owned subsidiary of MPS Limited has entered into a Stock Purchase Agreement dated 30 January 2026 for the acquisition of 100 percent stake in Unbound Medicine Inc. Delaware USA for a total consideration of USD 16.50 Million subject to customary adjustments payable in accordance with the terms and conditions set out in the SPA and other definitive transaction documents. 6. On 21 Nov 2025 the Government of India notified provisions of the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 collectively referred to as the Labour Codes thereby consolidating the existing twenty nine labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of experts involved and the best information available consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and being regulatory driven non recurring nature of the impact the Company has presented such incremental impact under Exceptional Items in the standalone financial results for the quarter and nine months period ended 31 Dec 2025. The incremental impact consisting of gratuity of INR 524 lacs and long term compensated absences of INR178 lacs primarily arising due to change in wage definition. The Group continues to monitor developments relating to the implementation of the Labour Codes and will assess the impact if any on the remeasurement of employee benefit obligations in future periods. 7. During the quarter ended 31 December 2025 MPS Interactive Systems Limited a material subsidiary of the Company has undertaken the following restructuring actions MPSi entered into a Share Subscription and Shareholders Agreement on 10 October 2025 with Mr. Rodney Charles Beach an Australian resident and the Company. Pursuant to the terms of the SSSHA the Investor has invested INR 874 lacs through the preferential allotment of equity shares of MPSi. MPSi completed the 100 percent acquisition of the Liberate Group comprising Liberate Learning Pty Ltd App eLearn Pty Ltd and Liberate eLearning Pty Ltd on 28 October 2025. Following completion the Liberate Group has become a wholly owned subsidiary of MPSi. Further Mr. Beach has assumed the role of President of Corporate learning segment. Pursuant to this the liability of INR 1325 lacs and INR 1573 lacs respectively was written back under Exceptional Items for the quarter Q2 FY26 and nine months period YTD FY26 ended 31 December 2025. Amount of INR 1573 lacs shown as Exceptional Items net for the nine months period ended 31 December 2025 includes INR 248 lacs related to the said transaction shown as Other Income during quarter Q1 FY26 ended 30 June 2025. 8. Exceptional Items includes restructuring cost of American Journal Experts business amounting to INR 143 Lacs for the nine months period ended 31 December 2025. INR 36 lacs INR 44 Lacs and INR 63 lacs for the quarter ended 31 December 2025 30 September 2025 and 30 June 2025 respectively. 9.The Board of Directors in their meeting held on 16 May 2025 had recommended a final dividend of INR 50 per equity share Face Value 10 per share for the financial year 202425. This was approved by the shareholders in the Annual General Meeting held on 29 Aug 2025 and was remitted to the shareholders by 06 Sep 2025. 10.The Board of Directors of MPS Limited approved a draft Scheme of Amalgamation on 18 July 2025 under Sections 230 & 232 of the Companies Act 2013 for the merger of ADI BPO Services Limited the Holding Company post demerger of its infrastructure management and investing business undertakings into MPS Limited. The Scheme is currently under review by the designated Stock Exchange for issuance of a NOC as per SEBI Listing Regulations. Filing with the NCLT will follow upon receipt of the NOC. |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Research Solutions | 11,554.00 | 34,396.00 | ||||
| 2 | Education Solutions | 4,433.00 | 14,877.00 | ||||
| 3 | Corporate Learning | 2,262.00 | 7,048.00 | ||||
| Total Segment Revenue | 18,249.00 | 56,321.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 18,249.00 | 56,321.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Research Solutions | 4,179.00 | 12,472.00 | ||||
| 2 | Education Solutions | 1,720.00 | 5,623.00 | ||||
| 3 | Corporate Learning | 251.00 | 641.00 | ||||
| Total Profit before tax | 6,150.00 | 18,736.00 | |||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | 6,150.00 | 18,736.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Research Solutions | 0.00 | 0.00 | ||||
| 2 | Education Solutions | 0.00 | 0.00 | ||||
| 3 | Corporate Learning | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Research Solutions | 0.00 | 0.00 | ||||
| 2 | Education Solutions | 0.00 | 0.00 | ||||
| 3 | Corporate Learning | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Notes 3a.Based on the management approach as defined in Ind AS 108 Operating Segment the Chief Operating Decision Maker CODM evaluates the Company performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of the financial results are consistently applied to record revenue and expenditure in individual segments. 3b. Assets and liabilities used in the Company business are not identified to any of the reportable segments as these are used interchangeably between segments and the management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities. |
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| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of gain/(loss) on defined benefit plans | 119.00 | 30.00 |
| Total Amount of items that will not be reclassified to profit and loss | 119.00 | 30.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 29.00 | 7.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translation of foreign operations | 262.00 | 958.00 |
| Total Amount of items that will be reclassified to profit and loss | 262.00 | 958.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 352.00 | 981.00 |