Q1 FY27 results approved; ESOP 2024 ratification and rename to go to members by postal ballot

Standalone revenue from operations ₹4,093.20 million, profit for the period ₹759.64 million, basic EPS ₹3.42.

Thu 1 Oct 2026

Standalone revenue from operations

₹4,093.20 million

Standalone profit for the period

₹759.64 million

Standalone basic EPS

₹3.42

Consolidated revenue from operations

₹4,189.56 million

Consolidated profit

₹777.02 million

The Board of Directors met on October 1, 2026 and approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. It also cleared proposals on an employee stock option plan that will now be placed before shareholders.

First quarter results (quarter ended June 30, 2026)

Standalone, amounts in Rs million

• Revenue from operations: 4,093.20
• Profit before tax: 1,020.49
• Profit for the period: 759.64
• Basic earnings per share: 3.42

Consolidated, amounts in Rs million

• Revenue from operations: 4,189.56
• Profit before tax: 1,046.23
• Profit for the period: 777.02
• Basic earnings per share: 3.49

The statutory auditors, Manian & Rao, Chartered Accountants, carried out a limited review of both the standalone and consolidated statements and stated that nothing came to their attention that causes them to believe the statements contain a material misstatement. For the consolidated results, the auditors relied on the review reports of other auditors for two overseas subsidiaries, and said their conclusion was not modified on this account.

Employee stock option plan

• The Board approved the ratification of the MCT Employee Stock Option Plan 2024, including the authority to grant up to 1,08,84,475 options exercisable into not more than 1,08,84,475 equity shares.
• It also approved amendments to the plan, including changing its nomenclature to "MPI Employee Stock Option Plan 2024" and other consequential amendments.
• Both proposals are subject to the approval of members by way of special resolutions through postal ballot (remote e-voting only). The Board approved the postal ballot notice along with the explanatory statement for this purpose.
• Options granted under the plan, when exercised, result in equity shares being issued to employees, which is a change that affects share capital over time.

Share issue and listing

• The company completed an initial public offering of 23,746,313 equity shares at an issue price of INR 339 per equity share, and the shares listed on the National Stock Exchange of India Limited and BSE Limited on September 17, 2026.
• The offering comprised a fresh issue of equity shares and an offer for sale of equity shares by the promoter selling shareholder. The quarter's results are presented in the format required under Indian Accounting Standards (IND AS).

Other points from the notes

• The incremental impact of the new Labour Codes was presented under "Exceptional items" in the statement of profit and loss for the quarter and year ended March 31, 2026.
• MPI Global Limited was incorporated as a subsidiary in the UAE on March 12, 2026. No capital contribution has been made by the company in this subsidiary and it has not yet commenced business operations.
• The figures for the previous periods and year have been regrouped or reclassified wherever necessary.

How to read this

• The headline event is the approval of the first quarter results, which gives investors the company's revenue, profit and earnings per share for the quarter ended June 30, 2026, along with an auditor's limited review conclusion.
• The ESOP proposals are governance and employee-compensation items; they are proposals that require member approval before taking effect.

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