5324402025-01-012025-03-315324402025-03-315324402024-03-315324402024-04-012025-03-315324402025-01-012025-03-31in-capmkt:OtherExpenses1Member5324402024-04-012025-03-31in-capmkt:OtherExpenses1Member5324402025-01-012025-03-31in-capmkt:ReportableSegments1Member5324402025-01-012025-03-31in-capmkt:ReportableSegments2Member5324402025-01-012025-03-31in-capmkt:ReportableSegments3Member5324402024-04-012025-03-31in-capmkt:ReportableSegments1Member5324402024-04-012025-03-31in-capmkt:ReportableSegments2Member5324402024-04-012025-03-31in-capmkt:ReportableSegments3Member5324402025-01-012025-03-31in-capmkt:ReportableSegments1Member5324402025-01-012025-03-31in-capmkt:ReportableSegments2Member5324402025-01-012025-03-31in-capmkt:ReportableSegments3Member5324402024-04-012025-03-31in-capmkt:ReportableSegments1Member5324402024-04-012025-03-31in-capmkt:ReportableSegments2Member5324402024-04-012025-03-31in-capmkt:ReportableSegments3Member5324402025-01-012025-03-31in-capmkt:ReportableSegments1Member5324402025-03-31in-capmkt:ReportableSegments1Member5324402025-01-012025-03-31in-capmkt:ReportableSegments2Member5324402025-03-31in-capmkt:ReportableSegments2Member5324402025-01-012025-03-31in-capmkt:ReportableSegments3Member5324402025-03-31in-capmkt:ReportableSegments3Member5324402025-01-012025-03-31in-capmkt:ReportableSegments1Member5324402025-03-31in-capmkt:ReportableSegments1Member5324402025-01-012025-03-31in-capmkt:ReportableSegments2Member5324402025-03-31in-capmkt:ReportableSegments2Member5324402025-01-012025-03-31in-capmkt:ReportableSegments3Member5324402025-03-31in-capmkt:ReportableSegments3Member5324402025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15324402024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15324402025-01-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15324402024-04-012025-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15324402025-01-012025-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares532440MPSLTDNOTLISTEDINE943D01017MPS LimitedMain BoardEquity2024-04-012025-03-312025-05-162025-05-08INRLakhsQuarterlyFourth quarterMulti segment2025-05-1615:30:002025-05-1618:15:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31AuditedConsolidated18211000007100000018921000000007964000002400000688000004646000001332200000559900000591000006190000001281000002020000014830000004707000000000470700000-1800000045270000000001711000001027.7627.740027.7627.740001. 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. <BR> 2.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. <BR> 3.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. <BR> 5.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. <BR> 6. 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. <BR> 7.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. <BR> 8.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. <BR> 9. 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. <BR> 10.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. <BR> 11. 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. <BR> 12.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. <BR> 13. The Board in their meeting on 23 Jan 2025 declared an Interim dividend of INR 33 per equity share for the financial year 2425. <BR> 14.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. <BR> 15.The standalone financial results of the Company are also available on the Companys website. <BR> 16.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. <BR> 2024-04-012025-03-31AuditedConsolidated7268900000125100000739400000000032798000007800000274100000188010000054418000001952200000591000002011300000493900000283000005222000000148910000000001489100000365000001525600000000017110000010461330000087.887.730087.887.73000Other Expenses464600000Other Expenses18801000002182000000920000024386000007625000002990000000000231000002310000031350000038100000383310000002147000001165800000634100000208700000200000189000002242400000087470000031171000000069502000001711000004613300000478440000004784400000000022270000022270000085000003521000000058330000006500000248000000254500000148500000403000000108420000069000000263000000158250000000216580000069502000004b. 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.Content solutions1043800000eLearning solutions290500000Platform solutions486800000Content solutions3871600000eLearning solutions1331100000Platform solutions2066200000182110000072689000000018211000007268900000Content solutions413700000eLearning solutions60800000Platform solutions146700000Content solutions1389400000eLearning solutions225400000Platform solutions665200000621200000228000000024000007800000-2000002609000006190000002011300000Content solutions0eLearning solutions0Platform solutions0000Content solutions0eLearning solutions0Platform solutions00004a.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.78000000-1474000000-28100000-66000000-9600000043000000-29760000002741000000-423000000-1167000000-4300000088000008500000-297000000-214000000-892000000-50700000015043000000004954000000100890000000000000210000062200000000610000001790000000000000000013000000013400000-577000000000000000429000001344600000115000000-3300000-1402300000-4511000005100000-4460000001080100000634100000Re-measurement gain/(loss) on defined benefit plans10000001000000Re-measurement gain/(loss) on defined benefit plans-4300000-4300000200000-1100000Exchange differences on translation of foreign operations-18800000-18800000Exchange differences on translation of foreign operations397000003970000000-1800000036500000AuditedtrueWalker Chandiok & Co LLPtrue2025-05-31