Results     26-Jan-22
Analysis
MPS
PAT up 23% YoY to Rs 21.99 cr
Related Tables
 MPS : Consolidated Results
 MPS : Segment Results
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 .  

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