MPS Q2 FY27: revenue up 15.35% to INR 22,429 lakhs, record EBITDA, FY27 EBITDA guidance of INR 300 Cr+
Q2 FY27 revenue up 15.35% to INR 22,429 lakhs, EBITDA up 27.39%, but PAT down 6.04% against a prior-year one-off.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- INR 22,429 lakhs, up 15.35% year on year
- Q2 FY27 EBITDA
- INR 7,703 lakhs, up 27.39%; margin 34.34% vs 31.10%
- FY27 EBITDA Guidance
- INR 300 Cr+
- Period
- Q2 FY27 and H1 FY27
- Positioning
- The company presents itself as a research and corporate learning services provider with a balanced geographic mix (North America 47%, Europe 36% of Q2 FY27 revenue) and a structurally broader base of 839 clients billed.
📉 Q2 FY27 revenue rose 15.35% year on year to INR 22,429 lakhs and EBITDA 27.39% to INR 7,703 lakhs, taking the EBITDA margin to 34.34% from 31.10%. PAT fell 6.04% to INR 5,210 lakhs because Q2 FY26 included one-time net exceptional income of INR 1,281 lakhs, a liability write-back on the Liberate Group acquisition; PBT excluding exceptional items rose 23.14%.
📈 For H1 FY27 the company reports revenue of INR 44,853 lakhs, up 17.81%, EBITDA of INR 15,399 lakhs, up 39.03%, and an EBITDA margin of 34.33% versus 29.09%. PAT was INR 10,248 lakhs, up 13.01%, again against an H1 FY26 base carrying a one-time exceptional income of INR 1,466 lakhs.
📉 Research segment revenue was INR 12,982 lakhs in Q2 FY27, up 8.56% (up 21.71% to INR 10,400 lakhs excluding AJE), with segment EBITDA up 25.26% and margin at 48.17%; Corporate Learning H1 revenue was INR 5,339 lakhs, up 11.55%, with segment EBITDA up 76.62% to INR 1,337 lakhs as its headcount fell 19.05% to 136.
🎯 Management states FY27 EBITDA guidance of INR 300 Cr+ and says H1 EBITDA of INR 154 Cr is more than half the full-year mark, leaving it positioned to clear the mark comfortably. The balance sheet shows zero debt and cash of INR 16,323 lakhs at 30 September 2026 after acquisition borrowings were prepaid in August 2026; DSO was 38 days and 839 clients were billed against 422 a year earlier.
Also from MPS
Board approves Q2 and H1 FY27 results, independent director re-appointment via postal ballot, PIT Code amendment
3 Nov 2026
Board approves Sept-quarter results, independent director re-appointment, PIT code amendment and postal ballot
3 Nov 2026
MPS Limited to hold Q2 & H1 FY27 earnings conference call on 04 November 2026 at 4:30 PM IST
29 Oct 2026
More numbers
- Revenue, Q2 FY2722,429 (INR Lakhs)
- EBITDA, Q2 FY277,703 (INR Lakhs)
- PAT, Q2 FY275,210 (INR Lakhs)
- EBITDA margin, Q2 FY2734.34%
- PAT change year on year, Q2 FY27-6.04%
- Revenue, H1 FY2744,853 (INR Lakhs)
- EBITDA, H1 FY2715,399 (INR Lakhs)
- Cash and cash equivalents, 30 September 202616,323 (INR Lakhs)
- FY27 EBITDA guidanceINR 300 Cr
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