MPS Q1 Results Total Revenue ₹180.72 crores & Operating Income ₹34.21 crores

MPS Quarterly Overview

MPS Q1 Results: In the MPS Q1 results for the fiscal period ending June 24, the company saw several changes compared to the previous quarter and the same quarter last year. The total revenue for this quarter was 180.72 crores, which is a 20.95% increase from the 127.46 crores in the previous quarter (QoQ) and a 36.38% increase from the 132.51 crores a year ago (YoY). Selling, General, and Admin expenses were 89.49 crores this quarter, up by 26.17% from the 51.54 crores last quarter and 55.45% from the 57.57 crores YoY. Depreciation and amortization costs increased to 6.84 crores, a 20.85% rise from 4.88 crores last quarter and a 50.66% rise YoY. 

Other operating expenses also grew to 50.18 crores, up by 40.44% from 30.14 crores QoQ and 52.01% from 33.01 crores YoY. The total operating expense was 146.51 crores, a 30.44% increase from 86.56 crores last quarter and a 54.03% increase YoY. Despite higher revenues, operating income decreased to 34.21 crores, down by 7.79% QoQ and 8.50% YoY. Net income fell to 25.89 crores, a decrease of 9.82% from 32.13 crores last quarter and 14.55% YoY. Diluted normalized EPS also dropped to 15.26, reflecting a 10.76% decrease QoQ and 14.46% YoY.

Here is a summary of the MPS Q1 results for the fiscal period ending June 24, compared to the previous quarter (March 23) and the same quarter last year (June 23):

(Values in INR)

Source: Here 

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MPS Q1 Results

MPS financial statement shows the results for the quarter ending June 30, 2024. For this period, the company's revenue from operations was INR 8,086 lacs. This is slightly less than the previous quarter's revenue of INR 8,286 lacs, but higher compared to INR 8,025 lacs in the same quarter last year. The company also earned INR 674 lacs from other sources, a significant increase from INR 246 lacs in the previous quarter and INR 248 lacs a year ago, leading to a total income of INR 8,760 lacs for the current quarter.

MPS's expenses include payments for employee benefits, which were INR 3,433 lacs, slightly higher than INR 3,337 lacs in the previous quarter. Finance costs were low at INR 18 lacs, and depreciation was INR 288 lacs. The total expenses for the quarter were INR 5,197 lacs, up from INR 4,982 lacs last quarter. After accounting for these expenses, the company made a profit before tax of INR 3,563 lacs.

MPS’ tax expenses amounted to INR 849 lacs, including current tax and adjustments for earlier years. After deducting taxes, the profit for the quarter was INR 2,714 lacs. The company also had other comprehensive income, which adjusted for certain gains and losses, resulting in a total comprehensive income of INR 2,688 lacs for the quarter. The company's equity share capital remained unchanged at INR 1,711 lacs, and the earnings per share were INR 16.00 for the quarter.

Here’s a summary of the unaudited standalone financial results for the quarter ended June 30, 2024:

(INR in lacs, except per equity share data)

MPS Stock Performance

The table provides key financial details about Spright Agro. The company's total market value is ₹3,457 Crores. The current price of its stock is ₹2,021. Over time, the stock has reached a high of ₹2,470 and a low of ₹1,315. The stock's Price-to-Earnings (P/E) ratio is 30.2, showing how much investors are willing to pay for each unit of earnings.

Here is the information in a table format:

Quarterly Results 

The MPS table shows financial data for three quarters: December 2023, March 2024, and June 2024. For December 2023, the company had sales of 134 crores and spent 89 crores, leaving an operating profit of 45 crores, which is 33% of sales. The company earned 1 crore from other sources, had 5 crores in depreciation, and a profit before tax of 41 crores. After paying taxes at 27%, the net profit was 30 crores, with an earnings per share (EPS) of 17.38 rupees. By June 2024, sales increased to 181 crores, expenses rose to 140 crores, and operating profit fell to 41 crores, with an operating margin of 23%. 

Here's the transposed financial data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About MPS 

MPS, founded in 1970 as a subsidiary of Macmillan (Holdings) Limited, is a global leader in providing digital platforms, content, and learning solutions. Initially based in India, MPS has grown significantly over the years. After a change in ownership in 2011-12, the company embraced an entrepreneurial approach, leading to rapid growth. MPS reinvested consistently in its business and completed seven successful acquisitions within seven years, which helped it expand its capabilities and services.

Today, MPS partners with top companies, learning institutions, publishers, libraries, and content aggregators worldwide. It operates from seven delivery centers in India, four offices in Europe, and six client-servicing offices in the United States. The company is listed on major Indian stock exchanges and has a market capitalization of over INR 2,700 crores. With a team of more than 2,700 professionals, MPS continues to drive innovation and provide high-quality solutions to its global clients.