MPSLTD2024-07-012024-09-30 MPSLTD2024-07-012024-09-30 MPSLTD2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member MPSLTD2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member MPSLTD2024-09-30 MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member MPSLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MPSLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MPSLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MPSLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member MPSLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member MPSLTD2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MPSLTD2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member MPSLTD2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member MPSLTD2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member MPSLTD2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member MPSLTD2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532440 MPSLTD NOTLISTED MPS Limited Equity 2024-04-01 2025-03-31 2024-10-29 2024-10-21 INR Lakhs Half yearly 19:00:00 20:50:00 2024-10-29 2024-10-29 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 1777000000.00 15800000.00 1792800000.00 0.00 0.00 0.00 795200000.00 2000000.00 68200000.00 446800000.00 1312200000.00 480600000.00 0.00 480600000.00 121200000.00 7000000.00 128200000.00 0.00 352400000.00 0.00 0.00 0.00 0.00 352400000.00 20100000.00 372500000.00 0.00 0.00 171100000.00 10 20.77 20.76 0.00 0.00 20.77 20.76 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 29 October 2024. The Statutory auditors of the Company have carried out the limited review of the financial results for the quarter and half year ended 30 September 2024 and an unmodified review report has been issued. The same is available with Stock Exchanges and on the Company’s 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. 4. On 31 August 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), App-eLearn Pty Ltd (Australia), and Liberate Learning Limited (New Zealand) through MPS Interactive Systems Limited, a wholly-owned subsidiary of the Company for a consideration of AUD 9.32 million (~INR 50 crores). The consideration of AUD 7.58 Million (~INR 41 crores) 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 August 2023 and 31 August 2023. The aforementioned consideration of AUD 9.32 million (~INR 50 crores) has been revised to AUD 9.10 million (~INR 49 crores) 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. 5. On 29 February 2024, the Company completed the acquisition of Research Square AJE LLC, North Carolina, USA along with its subsidiary American Journal Online (Beijing) Information Consulting Limited, Beijing, China, AI-Tool (“Curie”) and Research Quality Evaluation (“RQE”) from Springer Science+Business Media LLC a Subsidiary of Springer Nature Group, through a newly formed Special Purpose Vehicle (“SPV”) American Journal Experts LLC, under MPS North America LLC, a wholly-owned subsidiary of the Company, for a total purchase consideration of USD 8.40 Million (~INR 70 Crores) paid as per the terms of the Membership Interest Purchase Agreement and other transaction documents. This being a Business Combination, thus based on the preliminary purchase price allocation to the various identifiable acquired assets and assumed liabilities, the provisional goodwill of INR 74 crores has been recognized.The Company has granted a loan of USD 3.6 Million (~INR 30 Crores) to MPS North America LLC to fund the acquisition. 6. The NRC Committee at its meeting held on 27 September 2024, considered and approved the 2nd grant of 1,10,970 options to the eligible employees of the Holding Company and its subsidiary under the ‘MPS Limited- Employee Stock Options Scheme 2023’. 7. The Board of Directors, in their meeting held on 21 May 2024 recommended a final dividend of INR 45 per equity share (face value of INR 10 per share) for the financial year 2023-24. This was approved by the shareholders in the Annual General Meeting held on 08 August 2024 and has been paid thereafter. 8. The standalone financial results of the Company are also available on the Company’s website www.mpslimited.com. 9. The figures for the corresponding previous quarter/period/year have been regrouped/ reclassified, wherever necessary to make them comparable. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 3584200000.00 36300000.00 3620500000.00 0.00 0.00 0.00 1690100000.00 3800000.00 136600000.00 948600000.00 2779100000.00 841400000.00 0.00 841400000.00 228100000.00 2000000.00 230100000.00 0.00 611300000.00 0.00 0.00 0.00 0.00 611300000.00 17700000.00 629000000.00 0.00 0.00 171100000.00 10 36.04 36.01 0.00 0.00 36.04 36.01 Other Expenses 446800000.00 Other Expenses 948600000.00 217200000.00 9300000.00 2429200000.00 873400000.00 23500000.00 0.00 0.00 26600000.00 26600000.00 294400000.00 104800000.00 3978400000.00 0.00 69000000.00 838500000.00 857000000.00 60100000.00 200000.00 116800000.00 1941600000.00 27300000.00 869800000.00 2838700000.00 6817100000.00 171100000.00 4283800000.00 4454900000.00 4454900000.00 0.00 341300000.00 341300000.00 5400000.00 376300000.00 723000000.00 0.00 270200000.00 204600000.00 474800000.00 1082300000.00 51600000.00 30500000.00 1639200000.00 2362200000.00 6817100000.00 Note: 3 (b). Assets and liabilities used in the Group's 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. Content solutions 926800000.00 Platform solutions 500200000.00 eLearning solutions 350000000.00 Content solutions 1845400000.00 Platform solutions 1046600000.00 eLearning solutions 692200000.00 1777000000.00 3584200000.00 1777000000.00 3584200000.00 Content solutions 336000000.00 Platform solutions 203000000.00 eLearning solutions 43300000.00 Content solutions 599300000.00 Platform solutions 339500000.00 eLearning solutions 72500000.00 582300000.00 1011300000.00 2000000.00 3800000.00 99700000.00 Note: Based on the management approach as defined in Ind AS 108 Operating Segments, the Chief Operating Decision Maker ('CODM') evaluates the Group's 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. The CODM has evaluated the segment wise allocation for the business of the new subsidiaries into separate segment of eLearning solutions and existing platform solutions. 166100000.00 480600000.00 841400000.00 Content solutions 0.00 Platform solutions 0.00 eLearning solutions 0.00 0.00 Content solutions 0.00 Platform solutions 0.00 eLearning solutions 0.00 0.00 3800000.00 0.00 168400000.00 0.00 -27600000.00 -9400000.00 0.00 -89400000.00 0.00 31600000.00 0.00 -292100000.00 0.00 136600000.00 0.00 -43300000.00 0.00 -133400000.00 0.00 21400000.00 0.00 4300000.00 -600000.00 5500000.00 0.00 -13300000.00 0.00 1400000.00 0.00 -244700000.00 596700000.00 0.00 0.00 0.00 250800000.00 0.00 345900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1400000.00 35400000.00 0.00 0.00 0.00 11500000.00 0.00 0.00 0.00 2900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9900000.00 0.00 257300000.00 0.00 218800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22000000.00 763000000.00 5500000.00 0.00 0.00 -790500000.00 -225800000.00 2700000.00 -223100000.00 1080100000.00 857000000.00 Re-measurement gain/(loss) on defined benefit plans 400000.00 Income tax relating to items that will not be reclassified to profit or loss -100000.00 Re-measurement gain/(loss) on defined benefit plans -4500000.00 Income tax relating to items that will not be reclassified to profit or loss 1100000.00 300000.00 -3400000.00 0.00 0.00 Exchange differences on translation of foreign operations 19800000.00 Exchange differences on translation of foreign operations 21100000.00 19800000.00 21100000.00 0.00 0.00