MPS Ltd is a premium B2B learning and platform solutions company that powers the education, research and corporate market in their quest to engage with their learners more meaningfully. It has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption and the recent advances in AI/ML.
Company has three business segments 1. Content Solutions, 2. Platform Solutions and 3. eLearning Solutions.
Company reported a growth of 15.72% YoY in FX-Adjusted Revenue to Rs 127.9 crore in Q4FY23. EBITDA jumped 44.38% YoY to Rs 45.64 crore and EBITDA margins stood at 35.81% in Q4FY23 as compared to 28.89% in Q4FY22. Profit after tax stood at Rs 32.13 crore growth of 45.59% YoY in Q4FY23.
eLearning is now the second-largest business segment. As in FY23 it contributed 25% of Total Revenue. Profitability improved by more than double during FY23 and more than 50% in Q4. This has been supported by the acquisition and successful integration of EI Design, market-based approach enabling, cross-sell and upselling these solutions to customers across business segments.
The Board of Directors have recommended a dividend of Rs 20 (200%) per equity share of face value of Rs 10/- each for the financial year 2022-23, subject to the approval of the Members at the ensuing Annual General Meeting (AGM) of the Company.
Ace investor Mukul Mahavir Agarwal holds about 4.46% stake in the company.
The stock is currently trading higher by over 5% at Rs 955 on NSE. The stock had touched an intra-day high of Rs 986.95 earlier in the day. On YTD basis the stock is up by 15.64%.
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