MPManipal Payment and Identity Solutions544916Quarterly results

Board approves unaudited Q2 and H1 results; auditors' review conclusion unmodified

Board meeting on November 3, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee; the meeting ran from 03:30 to 04:10 P.M. IST.

By ScoutQuest · Tue 3 Nov 2026, 5:47 PM IST · 2 min read

Standalone Revenue from Operations (Q2)

Rs. 4,139.74 million for the quarter

Standalone Profit for the Period (Q2)

Rs. 824.72 million

Standalone Revenue from Operations (H1)

Rs. 8,232.94 million

What the board decided

• At its meeting on November 3, 2026, the board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
• The results were recommended by the Audit Committee, which met the same day.
• The meeting began at 03:30 P.M. IST and concluded at 04:10 P.M. IST.

Auditor's review conclusion

• Statutory auditors Manian & Rao carried out a limited review of the results.
• Their conclusion is unmodified: nothing came to their attention that suggests the statement does not disclose what is required, or that it contains a material misstatement.
• A limited review is narrower than a full audit, so it gives moderate assurance and not an audit opinion.
• For the consolidated statement, the review report notes that the interim financial information of two overseas subsidiaries was reviewed by other auditors, and the conclusion is not modified on that account.

Standalone performance (amounts in Rs. million)

• Revenue from operations was 4,139.74 for the quarter ended September 30, 2026, against 3,221.50 in the same quarter of the previous year.
• Revenue from operations for the half year was 8,232.94.
• Profit for the period was 824.72 for the quarter and 1,584.36 for the half year.
• Basic earnings per share was 3.70 for the quarter.

IPO proceeds and their use

• The company received total proceeds of Rs 2,953.22 million on account of its initial public offering, net of estimated issue expenses.
• The fresh issue was of 9,439,528 equity shares.
• The equity shares were listed on the National Stock Exchange of India Limited and BSE Limited on September 17, 2026.
• Out of the net proceeds, amounts were earmarked for capital expenditure on equipment and for general corporate purposes.
• As at September 30, 2026, both of these amounts were shown as unutilised, and the unutilised proceeds were temporarily invested in fixed deposits with scheduled commercial banks.

Other points from the notes

• The company reports a single operating segment, described as Payment and Identity Solutions.
• The figures for the previous periods have been regrouped or reclassified wherever necessary.

What this means for a reader

• The update sets out the numbers for the quarter and half year, along with an unmodified review conclusion from the statutory auditors.
• In simple terms, the auditors' limited review found nothing that required them to flag the results.
• The money raised in the IPO was still unutilised as at September 30, 2026 and was held in bank deposits rather than spent on equipment.

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