Integrated Filing — IndAS

General information about company
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	16-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	08-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	16-May-2025   15:30:00
End date and time of board meeting	16-May-2025   18:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1821100000	7268900000
	Other income	71000000	125100000
	Total income	1892100000	7394000000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	796400000	3279800000
(e)	Finance costs	2400000	7800000
(f)	Depreciation, depletion and amortisation expense	68800000	274100000
(f)	Other Expenses
1	Other Expenses	464600000	1880100000
	Total other expenses	464600000	1880100000
	Total expenses	1332200000	5441800000
3	Total profit before exceptional items and tax	559900000	1952200000
4	Exceptional items	59100000	59100000
5	Total profit before tax	619000000	2011300000
6	Tax expense
7	Current tax	128100000	493900000
8	Deferred tax	20200000	28300000
9	Total tax expenses	148300000	522200000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	470700000	1489100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	470700000	1489100000
17	Other comprehensive income net of taxes	-18000000	36500000
18	Total Comprehensive Income for the period	452700000	1525600000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	171100000	171100000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		4613300000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	27.76	87.8
	Diluted earnings (loss) per share from continuing operations	27.74	87.73
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	27.76	87.8
	Diluted earnings (loss) per share from continuing and discontinued operations	27.74	87.73
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		1. These results have been prepared in accordance with the recognition and measurement principles laid down in IAS notified under section 133 of the CA 2013. These results have been reviewed by the Audit Committee and upon their recommendation approved by the Board at their meeting held on 16 May 2025. The Statutory auditors of the Company have carried out the audit of the financial results for the quarter and year ended 31 Mar 2025 and an unmodified audit report has been issued. The same is available with Stock Exchanges and on the Companys website at www.mpslimited.com. n2.The consolidated financial results of MPS Limited its subsidiaries are prepared in accordance with Ind AS110 as specified under the section 133 of the CA 2013. n3.The figures for the three months ended 31 Mar 2025 and 31 Mar 2024 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to preceeding quarter of the relevant financial year which were subject to limited review. n5.On 31 Aug 2023 the Company had acquired 65% of the shares held by the shareholders of each entity of Liberate Group i.e. Liberate Learning Pty Ltd Australia Liberate eLearning Pty Ltd Australia AppeLearn Pty Ltd Australia and Liberate Learning Limited New Zealand through MPSI a whollyowned subsidiary of the Company for a consideration of AUD 9.32 million. The consideration of AUD 7.58 Million due at completion was paid upon acquisition and the remaining amount will be paid at a later date as per the terms of the SPA and other transaction documents dated 29 Aug 2023 31 Aug 2023. The consideration of AUD 9.32 million has been revised to AUD 9.10 million post net working capital adjustments carried out in accordance with the SPA. The remaining 35% shareholding of each of the entities of Liberate Group will be acquired in subsequent tranches based upon valuation methodology as agreed under the transaction documents and the liability of the same has been recognized in the financial statements. n6. Liberate Learning Limited New Zealand a stepdown subsidiary of the Company was voluntarily dissolved in accordance with the applicable laws of New Zealand and ceased to be a stepdown subsidiary on 07 Nov 2024. n7.Exceptional Items includes write back of contingent consideration liability amounting to INR591 Lacs payable as the remaining amount for purchase of 65%stake of Liberate Group as per the terms of the SPA and other transaction documents dated 29 Aug 2023 and 31 Aug 2023. This has been written back basis assessment of the actual performance with the defined targets under SPA. n8.On 29 Feb 2024 the Company completed the acquisition of American Journal Experts LLC North Carolina USA formerly known as Research Square AJE LLC North Carolina USA along with its subsidiary American Journal Online Beijing Information Consulting Limited Beijing China AITool Curie and Research Quality Evaluation from Springer Science+Business Media LLC a Subsidiary of Springer Nature Group through a newly formed SPV American Journal Experts LLC under MPS NA LLC a whollyowned subsidiary of the Company for a total purchase consideration of USD8.40 Million paid as per the terms of the Membership Interest Purchase Agreement MIPA and other transaction documents. The aforesaid consideration was revised to USD8.42 Million post net working capital adjustments carried out in accordance with MIPA. This being a Business Combination thus based on the purchase price allocation to the various identifiable acquired assets and assumed liabilities goodwill of INR 73 crores has been recognized. n9. The NRC at its meeting on 27 Sept 2024 considered and approved the 2nd grant of 110970 options to the eligible employees of the Company and its subsidiary under the MPS Limited Employee Stock Options Scheme 2023. These options were subsequently granted to eligible employees of the Company and its subsidiary. n10.Subsequent to the quarter ended 31 Mar 2025 the NRC at its meeting held on 05 May 2025 considered and approved the 3rd grant of 58900 options to the eligible employees of the Company and its subsidiary under the scheme. n11. The Directors of the Company in its meeting on 28 Feb 2025 has considered and approved the raising of funds by way of issuance of equity shares having face value of Rs. 10 each of the Company or any other Equitylinked Securities of the Company or other securities convertible into or exchangeable for Equity Shares by way of QIP in accordance with the provisions of Chapter VI of SEBI ICDR Regulations 2018 as amended from time to time and other applicable laws andor any other permissible modes in one or more of the tranches for an aggregate amount not exceeding INR 300 Crores subject to the receipt of necessary approval including the approval of the members of the Company and such other permissions sanctions and statutory approvals as may be required. The same was approved by the Shareholders vide postal ballot resolution dated 31 Mar 2025. n12.The Board in their meeting on 21 May 2024 recommended a final dividend of INR 45 per equity share for the financial year 2324. This was approved by the shareholders in the AGM held on 08 Aug 2024 and has been paid thereafter. n13. The Board in their meeting on 23 Jan 2025 declared an Interim dividend of INR 33 per equity share for the financial year 2425. n14.The Board in their meeting on 16 May 2025 recommended a final dividend of INR 50 per equity share for the financial year 2425 which shall be paid subject to the approval of shareholders in the forthcoming AGM. n15.The standalone financial results of the Company are also available on the Companys website. n16.The figures for the corresponding previous quarteryear have been regrouped reclassified wherever necessary to make them comparable. The impact of such reclassificationregrouping is not material to the consolidated financial statements. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	218200000
	Capital work-in-progress	0
	Investment property	9200000
	Goodwill	2438600000
	Other intangible assets	762500000
	Intangible assets under development	29900000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	23100000
	Total non-current financial assets	23100000
	Deferred tax assets (net)	313500000
	Other non-current assets	38100000
	Total non-current assets	3833100000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	214700000
	Trade receivables, current	1165800000
	Cash and cash equivalents	634100000
	Bank balance other than cash and cash equivalents	208700000
	Loans, current	200000
	Other current financial assets	18900000
	Total current financial assets	2242400000
	Current tax assets (net)	0
	Other current assets	874700000
	Total current assets	3117100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	6950200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	171100000
	Other equity	4613300000
	Total equity attributable to owners of parent	4784400000
	Non controlling interest	0
	Total equity	4784400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	222700000
	Total non-current financial liabilities	222700000
	Provisions, non-current	8500000
	Deferred tax liabilities (net)	352100000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	583300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	6500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	248000000
	Total Trade payable	254500000
	Other current financial liabilities	148500000
	Total current financial liabilities	403000000
	Other current liabilities	1084200000
	Provisions, current	69000000
	Current tax liabilities (Net)	26300000
	Deferred government grants, Current	0
	Total current liabilities	1582500000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2165800000
	Total equity and liabilites	6950200000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block
Textual Information(1)	4b. 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.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Content solutions	1043800000	3871600000
2	eLearning solutions	290500000	1331100000
3	Platform solutions	486800000	2066200000
	Total Segment Revenue	1821100000	7268900000
	Less: Inter segment revenue	0	0
	Revenue from operations	1821100000	7268900000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Content solutions	413700000	1389400000
2	eLearning solutions	60800000	225400000
3	Platform solutions	146700000	665200000
	Total Profit before tax	621200000	2280000000
	i. Finance cost	2400000	2400000
	ii. Other Unallocable Expenditure net off Unallocable income	-200000	-200000
	Profit before tax	619000000	2011300000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Content solutions	0	0
2	eLearning solutions	0	0
3	Platform solutions	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	Content solutions	0	0
2	eLearning solutions	0	0
3	Platform solutions	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

4a.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.

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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	1000000	-4300000
	Total Amount of items that will not be reclassified to profit and loss	1000000	-4300000
2	Income tax relating to items that will not be reclassified to profit or loss	200000	-1100000
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences on translation of foreign operations	-18800000	39700000
	Total Amount of items that will be reclassified to profit and loss	-18800000	39700000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-18000000	36500000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2011300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			7800000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-147400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-28100000
	Adjustments for decrease (increase) in other non-current assets			-6600000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-9600000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			4300000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-297600000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			274100000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-42300000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-116700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-4300000
	Adjustments for dividend income			0
	Adjustments for interest income			8800000
	Adjustments for share-based payments			8500000
	Adjustments for fair value losses (gains)			-29700000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-21400000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-89200000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-507000000
	Net cash flows from (used in) operations			1504300000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			495400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1008900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			2100000
	Purchase of property, plant and equipment			62200000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			6100000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			17900000
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			13000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			13400000
	Net cash flows from (used in) investing activities	-57700000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			42900000
	Dividends paid			1344600000
	Interest paid			11500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-3300000
	Net cash flows from (used in) financing activities			-1402300000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-451100000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			5100000
	Net increase (decrease) in cash and cash equivalents			-446000000
	Cash and cash equivalents cash flow statement at beginning of period			1080100000
	Cash and cash equivalents cash flow statement at end of period			634100000