| 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 | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 21-07-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 14-07-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First 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 | |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 21-07-2026 10:15:00 |
| End date and time of board meeting | 21-07-2026 16:15:00 |
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 22,424.00 | 22,424.00 | |
| Other income | 291.00 | 291.00 | |
| Total income | 22,715.00 | 22,715.00 | |
| 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 | 8,390.00 | 8,390.00 |
| (e) | Finance costs | 113.00 | 113.00 |
| (f) | Depreciation, depletion and amortisation expense | 891.00 | 891.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 6,338.00 | 6,338.00 |
| Total other expenses | 6,338.00 | 6,338.00 | |
| Total expenses | 15,732.00 | 15,732.00 | |
| 3 | Total profit before exceptional items and tax | 6,983.00 | 6,983.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 6,983.00 | 6,983.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,890.00 | 1,890.00 |
| 8 | Deferred tax | 54.00 | 54.00 |
| 9 | Total tax expenses | 1,944.00 | 1,944.00 |
| 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 | 5,039.00 | 5,039.00 |
| 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 | 5,039.00 | 5,039.00 |
| 17 | Other comprehensive income net of taxes | (79.00) | (79.00) |
| 18 | Total Comprehensive Income for the period | 4,960.00 | 4,960.00 |
| 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 | 29.7 | 29.7 | |
| Diluted earnings (loss) per share from continuing operations | 29.69 | 29.69 | |
| 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 | 29.7 | 29.7 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 29.69 | 29.69 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (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 21 July 2026. The Statutory auditors of the Company have carried out the limited review of the financial results for the quarter ended 30 June 2026 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 (the Company), its subsidiaries (collectively known as the Group) are prepared in accordance with Accounting Standard (Ind AS-110) Consolidated Financial Statements as specified under the section 133 of the Companies Act, 2013. 3. The figures for the three months ended 31 March 2026 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to preceding quarter of the relevant financial year which were subject to limited review. 5. There is no exceptional item during the quarter ended 30 June 2026. Total exceptional items (net) were a loss of INR 63 lacs for the quarter ended 30 June 2025, a gain of INR 36 lacs for the quarter ended 31 March 2026 and a gain of INR 764 lacs for the year ended 31 March 2026 which are summarised below:a. Restructuring cost of American Journal Experts (AJE) business amounting to INR 63 lacs, INR 66 lacs and INR 209 lacs for the quarter ended 30 June 2025, 31 March 2026 and year ended 31 March 2026 respectively. b. On 21 November 21 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). Due to implementation of these Codes, the company has taken an incremental impact of gratuity of INR 524 lacs and long-term compensated absences of INR 178 lacs during the year ended 31 March 2026. The Company continues to monitor the finalisation of central/state rules and clarifications from the government on other aspects of the labour code and would provide appropriate accounting effect on the basis of such developments as needed. c. MPSi completed the 100% 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 1,573 lacs was written back under Exceptional Items (net) for the year ended 31 March 2026.The Group or Company has tested the carrying amount of investments or Goodwill for impairment as at 31st March 2026 thereby recording an impairment loss on goodwill of INR 1,293 lacs in the Consolidated financial results as an exceptional item for the quarter and year ended on 31 March 2026. d. During the quarter and year ended 31 March 2026, the company has written back INR 1,395 lacs pursuant to change in policy w.r.t write back of advances from customer in AJE Business to align the policy with the market conditions or competition and pursuant to the change in the commercial terms with the customers. 6. During the quarter ended 30 June 2026, the Nomination and Remuneration Committee of the Board at its meeting held on 04 May 2026, considered and approved the 5th grant of 79,009 (Seventy Nine Thousand and Nine Only) options to the eligible employees of the Company and its subsidiary under the MPS Limited- Employee Stock Options Scheme 2023. 7. During the quarter ended 30 June 2026, App-eLearn Pty Ltd (Australia), a non-material step-down subsidiary of the Company with no active business operations, was voluntarily de-registered (strike-off) in accordance with the provisions of the Corporations Act, 2001, Australia, and other applicable laws of Australia. Consequently, App-eLearn Pty Ltd has ceased to be a step-down subsidiary of the Company effective 13 May 2026. 8. 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 into MPS Limited. The No Objection from the designated Stock Exchange has since been received on 02 March 2026. Pursuant thereto, the Scheme has been filed before the Honble National Company Law Tribunal (NCLT), Chennai Bench on 17 April 2026. The Honble NCLT, vide order dated 02 July 2026, issued directions for conducting the meetings of the Equity Shareholders and Unsecured Creditors of MPS Limited on 22 August 2026. Further, the Honble NCLT has dispensed with the meetings of the shareholders and creditors of ADI BPO Services Limited, as well as the meeting of the Secured Creditors of MPS Limited. The further steps pursuant to the said order are currently being complied with. Pending receipt of the requisite approvals and sanction of the Scheme, no effect thereof has been given in these financial results. 9. The standalone financial results of the Company are also available on the Company website www.mpslimited.com. 10. The figures for the corresponding previous quarter and year have been regrouped or reclassified, wherever necessary to make them comparable. |
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| Debt equity ratio | |
|---|---|
| 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 | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| 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 | 12,323.00 | 12,323.00 | ||||
| 2 | Education Solutions | 7,341.00 | 7,341.00 | ||||
| 3 | Corporate Learning | 2,760.00 | 2,760.00 | ||||
| Total Segment Revenue | 22,424.00 | 22,424.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 22,424.00 | 22,424.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Research Solutions | 5,115.00 | 5,115.00 | ||||
| 2 | Education Solutions | 2,275.00 | 2,275.00 | ||||
| 3 | Corporate Learning | 510.00 | 510.00 | ||||
| Total Profit before tax | 7,900.00 | 7,900.00 | |||||
| i. Finance cost | 113.00 | 113.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 804.00 | 804.00 | |||||
| Profit before tax | 6,983.00 | 6,983.00 | |||||
| 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) | 4. Segment reporting a. Based on the management approach as defined in Ind AS 108 Operating Segments, the Chief Operating Decision Maker (CODM) evaluates the Groups 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. b. Assets and liabilities used in the Groups 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. |
|---|
| 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 | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| 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 gain/(loss)on defined benefit plans | (63.00) | (63.00) |
| Total Amount of items that will not be reclassified to profit and loss | (63.00) | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (16.00) | (16.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Exchange differences on translation of foreign operations | (32.00) | (32.00) |
| Total Amount of items that will be reclassified to profit and loss | (32.00) | ||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (79.00) | (79.00) |