MPi Q1 FY27 Revenue Surges 48% YoY to ₹419 Crore, PAT Jumps 129%
Manipal Payment and Identity Solutions Limited (MPi) reported Q1 FY27 results with revenue up 48% YoY to ₹419 crore and PAT up 129% YoY to ₹77.7 crore. Operational EBITDA increased by 44.1% to ₹124.2 crore. The company's successful IPO raised ₹805 crore, with ₹238 crore earmarked for capex.
The strong financial performance, significant YoY growth in key metrics, and the successful completion of a large IPO indicate a substantial positive impact on the company's financial standing and growth trajectory.
The company reported significant year-on-year growth in revenue and profit, along with positive commentary from the CEO about future growth prospects and successful capital raising through IPO.
Manipal Payment and Identity Solutions Limited (MPi) announced a strong start to its fiscal year 2027, reporting significant year-on-year growth for the first quarter ended June 30, 2026. Revenue from operations increased by 47.8% to ₹419.0 crore, driven by robust performance in both domestic and international markets. The contribution of international business rose to 15.3% of total revenue, up from 3.9% in the prior year's first quarter.
Operational EBITDA grew by 44.1% to ₹124.2 crore, with an EBITDA margin of 29.6%. This growth was supported by a favorable product mix, including a higher contribution from premium and value-added offerings. Profit after tax (PAT) saw a substantial increase of 129.1%, reaching ₹77.7 crore, with the PAT margin improving to 18.3% from 11.6% in Q1 FY26, attributed to operating leverage and lower finance costs.
Mr. K Girish Kini, Executive Director & CEO, highlighted the company's performance, emphasizing the scale-up of its international business and premium offerings like metal cards. He expressed confidence in the company's technology-led approach, domain expertise, and customer relationships to drive future growth. The company plans to focus on deepening customer relationships, expanding international presence, strengthening premium offerings, and investing in innovation and capacity.
Key operational developments included the successful IPO and listing, raising ₹805 crore, with ₹238 crore allocated for capital expenditure in manufacturing and technology. MPi also expanded its customer base internationally and strengthened its premium payment card offerings and Smart Tagging, RFID, and IoT capabilities.
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