5324402026-04-012026-06-305324402026-06-305324402026-04-012026-06-30in-capmkt:OtherExpenses1Member5324402026-04-012026-06-30in-capmkt:ReportableSegments1Member5324402026-04-012026-06-30in-capmkt:ReportableSegments2Member5324402026-04-012026-06-30in-capmkt:ReportableSegments3Member5324402026-04-012026-06-30in-capmkt:ReportableSegments1Member5324402026-04-012026-06-30in-capmkt:ReportableSegments2Member5324402026-04-012026-06-30in-capmkt:ReportableSegments3Member5324402026-04-012026-06-30in-capmkt:ReportableSegments1Member5324402026-06-30in-capmkt:ReportableSegments1Member5324402026-04-012026-06-30in-capmkt:ReportableSegments2Member5324402026-06-30in-capmkt:ReportableSegments2Member5324402026-04-012026-06-30in-capmkt:ReportableSegments3Member5324402026-06-30in-capmkt:ReportableSegments3Member5324402026-04-012026-06-30in-capmkt:ReportableSegments1Member5324402026-06-30in-capmkt:ReportableSegments1Member5324402026-04-012026-06-30in-capmkt:ReportableSegments2Member5324402026-06-30in-capmkt:ReportableSegments2Member5324402026-04-012026-06-30in-capmkt:ReportableSegments3Member5324402026-06-30in-capmkt:ReportableSegments3Member5324402026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15324402026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares532440MPSLTDNOTLISTEDINE943D01017MPS LimitedMain BoardEquity2026-04-012027-03-312026-07-212026-07-14INRLakhsQuarterlyFirst quarterMulti segment2026-07-2110:15:002026-07-2116:15:00Not applicable2026-04-012026-06-30UnauditedConsolidated2242400000291000002271500000000839000000113000008910000063380000015732000006983000000698300000189000000540000019440000005039000000000503900000-790000049600000000001711000001029.729.690029.729.691. 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 9. The standalone financial results of the Company are also available on the Company website www.mpslimited.com. <br /> 10. The figures for the corresponding previous quarter and year have been regrouped or reclassified, wherever necessary to make them comparable.Other Expenses633800000Research Solutions1232300000Education Solutions734100000Corporate Learning276000000224240000002242400000Research Solutions511500000Education Solutions227500000Corporate Learning510000007900000001130000080400000698300000Research Solutions0Education Solutions0Corporate Learning0000Research Solutions0Education Solutions0Corporate Learning00004. Segment reporting <br /> 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. <br /> 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.Re-measurement gain/(loss)on defined benefit plans-6300000-6300000-1600000Exchange differences on translation of foreign operations-3200000-32000000-7900000