Quarterly result YoY comparison
Net sales (including other operating income) of MPS has declined 3.51% to Rs 112.11 crore. Sales of Content Solutions segment has gone up 5.34% to Rs 59.55 crore (accounting for 53.12% of total sales). Sales of Platform Solutions segment has gone down 21.69% to Rs 30.98 crore (accounting for 27.63% of total sales). Sales of eLearning Solutions segment has gone up 7.36% to Rs 21.58 crore (accounting for 19.25% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 0.25% to Rs 32.32 crore. PBIT of Content Solutions segment rose 0.86% to Rs 18.78 crore (accounting for 58.11% of total PBIT). PBIT of Platform Solutions segment fell 20.34% to Rs 10.89 crore (accounting for 33.69% of total PBIT). PBIT of eLearning Solutions reported profit of Rs 2.65 crore compared to loss of Rs 0.05 crore.
PBIT margin of Content Solutions segment fell from 32.94% to 31.54%. PBIT margin of Platform Solutions segment rose from 34.56% to 35.15%. PBIT margin of eLearning Solutions segment rose from negative 0.25% to 12.28%. Overall PBIT margin rose from 27.75% to 28.83%.
Operating profit margin has jumped from 28.16% to 28.96%, leading to 0.76% decline in operating profit to Rs 32.47 crore. Employee cost decreased from 46.63% to 43.95%. Other expenses rose from 25.21% to 27.09%.
Other income fell 28.82% to Rs 2.84 crore. PBIDT fell 3.81% to Rs 35.31 crore. Provision for interest fell 32.65% to Rs 0.33 crore.
PBDT fell 3.42% to Rs 34.98 crore. Provision for depreciation fell 9.38% to Rs 5.22 crore.
Profit before tax down 2.30% to Rs 29.76 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 7.77 crore, compared to Rs 12.55 crore. Effective tax rate was 26.11% compared to 41.20%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 22.78% to Rs 21.99 crore.
Promoters stake was 67.99% as of 31 December 2021 ,compared to 67.99% as of 31 December 2020 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of MPS has increased 10.11% to Rs 339.47 crore. Sales of Content Solutions segment has gone up 11.45% to Rs 182.11 crore (accounting for 53.65% of total sales). Sales of Platform Solutions segment has gone up 5.64% to Rs 94.66 crore (accounting for 27.88% of total sales). Sales of eLearning Solutions segment has gone up 13.40% to Rs 62.70 crore (accounting for 18.47% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 19.66% to Rs 95.24 crore. PBIT of Content Solutions segment rose 7.76% to Rs 58.04 crore (accounting for 60.94% of total PBIT). PBIT of Platform Solutions segment rose 3.52% to Rs 30.32 crore (accounting for 31.84% of total PBIT). PBIT of eLearning Solutions reported profit of Rs 6.88 crore compared to loss of Rs 3.56 crore.
PBIT margin of Content Solutions segment fell from 32.96% to 31.87%. PBIT margin of Platform Solutions segment fell from 32.69% to 32.03%. PBIT margin of eLearning Solutions segment rose from negative 6.44% to 10.97%. Overall PBIT margin rose from 25.82% to 28.06%.
Operating profit margin has jumped from 25.37% to 27.84%, leading to 20.85% rise in operating profit to Rs 94.52 crore. Employee cost decreased from 48.44% to 45.48%. Other expenses rose from 26.20% to 26.68%.
Other income rose 28.39% to Rs 9.95 crore. PBIDT rose 21.53% to Rs 104.47 crore. Provision for interest fell 22.70% to Rs 1.09 crore.
PBDT rose 22.27% to Rs 103.38 crore. Provision for depreciation rose 1.21% to Rs 15.83 crore.
Profit before tax grew 27.05% to Rs 87.55 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 22.49 crore, compared to Rs 23.24 crore. Effective tax rate was 25.69% compared to 33.73%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 42.46% to Rs 65.06 crore.
Promoters stake was 67.99% as of 31 December 2021 ,compared to 67.99% as of 31 December 2020 .
MPS : Consolidated Results
| 2112 (3) | 2012(3) | Var (%) | 2112 (9) | 20129) | Var (%) | 2103(12) | 2003 (12) | Var (%) | |
| Sales | 112.11 | 116.19 | -4% | 339.47 | 308.30 | 10% | 422.55 | 331.65 | 27% |
| OPM (%) | 28.96% | 28.16% | 80 bps | 27.84% | 25.37% | 247 bps | 25.3% | 23.8% | 146bps |
| OP | 32.47 | 32.72 | -1% | 94.52 | 78.21 | 21% | 106.78 | 78.96 | 35% |
| Other inc. | 2.84 | 3.99 | -29% | 9.95 | 7.75 | 28% | 9.87 | 19.98 | -51% |
| PBIDT | 35.31 | 36.71 | -4% | 104.47 | 85.96 | 22% | 116.65 | 98.94 | 18% |
| Interest | 0.33 | 0.49 | -33% | 1.09 | 1.41 | -23% | 2.04 | 2.15 | -5% |
| PBDT | 34.98 | 36.22 | -3% | 103.38 | 84.55 | 22% | 114.61 | 96.79 | 18% |
| Dep. | 5.22 | 5.76 | -9% | 15.83 | 15.64 | 1% | 21.22 | 15.37 | 38% |
| PBT | 29.76 | 30.46 | -2% | 87.55 | 68.91 | 27% | 93.39 | 81.42 | 15% |
| Total Tax | 7.77 | 12.55 | -38% | 22.49 | 23.24 | -3% | 34.83 | 21.56 | 62% |
| PAT | 21.99 | 17.91 | 23% | 65.06 | 45.67 | 42% | 58.56 | 59.86 | -2% |
| Minority Interest | – | – | – | – | – | – | – | – | |
| Net Profit | 21.99 | 17.91 | 23% | 65.06 | 45.67 | 42% | 58.56 | 59.86 | -2% |
| EPS (Rs)* | # | # | # | # | 34.2 | 35.0 | |||
| * EPS is on equity of Rs 17.10 crore (post buyback), Face value of Rs 10 Each # EPS is not annualised due to seasonality of business EO: Extraordinary items. EPS is calculated after excluding EO and relevant tax BPS- Basis points LP: Loss to profit PL: Profit to Loss Figures in Rs crore Source: Capitaline Corporate Database |
MPS : Segment Results
| % of Total | 2112 (3) | 2012 (3) | Var (%) | % of Total | 2112 (9) | 2012 (9) | Var (%) | % of Total | % of Total | 2103(12) | 2003 (12) | Var (%) | |
| Segment Revenue | |||||||||||||
| Content Solution | 53.1% | 59.55 | 56.53 | 5.3% | 53.6% | 182.11 | 163.4 | 11.5% | 53.0% | 61.4% | 223.94 | 203.47 | 10.1% |
| eLearning solutions | 19.2% | 21.58 | 20.1 | 7.4% | 18.5% | 62.7 | 55.29 | 13.4% | 17.2% | 22.6% | 72.83 | 75.01 | -2.9% |
| Platform solutions | 27.6% | 30.98 | 39.56 | -21.7% | 27.9% | 94.66 | 89.61 | 5.6% | 29.8% | 16.0% | 125.78 | 53.17 | 136.6% |
| Total revenue | 100.0% | 112.11 | 116.19 | -3.5% | 100.0% | 339.47 | 308.3 | 10.1% | 100.0% | 100.0% | 422.55 | 331.65 | 27.4% |
| PBIT | |||||||||||||
| Content Solution | 58.1% | 18.78 | 18.62 | 0.9% | 60.9% | 58.04 | 53.86 | 7.8% | 67.4% | 74.2% | 72.29 | 64.57 | 12.0% |
| eLearning solutions | 8.2% | 2.65 | -0.05 | LP | 7.2% | 6.88 | -3.56 | -293.3% | LP | 7.5% | -4.58 | 6.5 | PL |
| Platform solutions | 33.7% | 10.89 | 13.67 | -20.3% | 31.8% | 30.32 | 29.29 | 3.5% | 36.9% | 18.4% | 39.56 | 15.99 | 147.4% |
| Total PBIT | 100.0% | 32.32 | 32.24 | 0.2% | 100.0% | 95.24 | 79.59 | 19.7% | 100.0% | 100.0% | 107.27 | 87.06 | 23.2% |
| PBIT margin | |||||||||||||
| Content Solution | 31.5% | 32.9% | 31.9% | 33.0% | 32.3% | 31.7% | |||||||
| eLearning solutions | 12.3% | -0.2% | 11.0% | -6.4% | -6.3% | 8.7% | |||||||
| Platform solutions | 35.2% | 34.6% | 32.0% | 32.7% | 31.5% | 30.1% | |||||||
| Less : Finance Cost | 0.33 | 0.49 | -32.7% | 1.09 | 1.41 | -22.7% | 2.04 | 2.15 | -5.1% | ||||
| Less : Unallocable Expenditure | 2.23 | 1.29 | 72.9% | 6.6 | 9.27 | -28.8% | 11.84 | 3.49 | 239.3% | ||||
| PBT | 29.76 | 30.46 | -2.3% | 87.55 | 68.91 | 27.0% | 93.39 | 81.42 | 14.7% |
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