MPS Limited Reports Strong Q2 & H1 FY26 Results with Significant Profit Growth and Strategic Acquisitions
MPS Limited reported strong Q2 and H1 FY26 results with significant profit growth, margin expansion, and robust cash flows. The company also announced the acquisition of Liberate Group and a key leadership appointment.
The announcement of strong quarterly and half-yearly financial results, including significant profit growth and margin expansion, coupled with strategic acquisitions and key management appointments, indicates positive operational momentum and future growth potential, making it highly impactful for investors.
The company demonstrated strong financial performance with double-digit growth in revenue, EBITDA, PBT, PAT, and EPS for both Q2 and H1 FY26. Margin expansion, healthy cash reserves, debt-free status, and strategic consolidation in the Corporate Learning segment with a key appointment contribute to a positive outlook.
* Q2 FY26 Financial Highlights (Ended 30 September 2025): * Reported Revenue: ₹19,444 lakh, a 9.42% year-on-year (YoY) increase, driven by growth in Research and Education verticals. * EBITDA: ₹6,047 lakh, up 13.03% YoY, with EBITDA margin expanding to 31.10% (+99 bps YoY). * Profit Before Tax (PBT): ₹6,917 lakh, surging 43.92% YoY, aided by operational efficiency and ₹12.81 crore in net exceptional income. * Profit After Tax (PAT): ₹5,544 lakh, growing 57.32% YoY. * Basic Earnings Per Share (EPS): ₹32.67, a 57.3% YoY increase. * Organic Revenue (excluding AJE): ₹16,031 lakh, up 16.61% YoY, with EBITDA increasing 23.24% YoY to ₹5,016 lakh. * H1 FY26 Financial Highlights (Ended 30 September 2025): * Reported Revenue: ₹38,072 lakh, up 6.22% YoY. * EBITDA: ₹11,076 lakh, up 17.14% YoY, with EBITDA margin at 29.09% (+271 bps YoY). * PBT: ₹11,867 lakh, up 41.04% YoY, including ₹14.66 crore in exceptional income. * PAT: ₹9,068 lakh, up 48.34% YoY. * Basic EPS: ₹53.45, up 48.31% YoY. * Unprecedented cash from operations of ₹10,477 lakh in H1 FY26. * Balance Sheet: The company remains debt-free with ₹117 crore in cash reserves as of 30 September 2025. * Revenue Mix (Q2 FY26): Research contributed 61.5%, Education expanded to 27.2% (from 19.5% in Q2 FY25), and Corporate Learning moderated to 11.3%. * Corporate Learning Segment Consolidation: * MPS Interactive Systems (MPSi) completed the acquisition of the remaining 35% stake in the Liberate Group on 28 October 2025, making it a wholly-owned subsidiary. * Mr. Rodney Charles Beach, former promoter of Liberate Group, was appointed President of the Corporate Learning segment, effective 09 October 2025. * Operating Efficiency: Days Sales Outstanding (DSO) improved significantly from 45 days in Q1 FY26 to 37 days in Q2 FY26, reflecting enhanced collection efficiency.
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MPS Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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