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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