MPS Ltd (BOM:532440)

Q3 2025 MPS Ltd Earnings Call Transcript

Jan 23, 2025 / 11:30AM GMT

Release Date Price: ₹2187.35 (+9.29%)

Transcript

Key Points

Positve

MPS Ltd (BOM:532440) reported a 38.19% year-on-year revenue growth in Q3 FY25, reaching INR185.52 crores.
EBITDA margins improved to 32.38% in Q3 FY25, with overall EBITDA growing by 35.17% compared to the same period last year.
The company's top 15 customers now contribute to 58% of revenue, indicating a reduced customer concentration.
The geographical diversity of MPS Ltd's business is improving, with North America contributing 45% and APAC 30% of revenue.
The platform business, boosted by the acquisition of AJE, grew by 88.9% in revenue in Q3 FY25 compared to the same period last year.

Negative

Despite revenue growth, the eLearning segment's revenue has stagnated at around INR34-35 crores for the last 10 quarters.
The integration of AJE has impacted the platform business margins, which are still in the process of improvement.
The company has not secured many new orders in the managed training segment, indicating potential stagnation.
MPS Ltd's focus on cost optimization in the eLearning segment may have limited its revenue growth potential.
The company faces challenges in maintaining data privacy and security while integrating AI and ML technologies.

Operator

Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings call of MPS Limited. (Operator Instructions) Please note, this conference is being recorded.

I now hand the conference over to Mr. Rahul Arora, Chairman and CEO. Thank you, and over to you, sir.

Rahul Arora

MPS Ltd - Chairman & Chief Executive Officer

Thanks, Steve. Good evening from Singapore, and a warm welcome to our Q3 FY25 earnings call. Today on the call, I have with me Prarthana Agarwal, CFO of MPS Limited; David Goodman, Managing Director, MPS North America; Archana Jayaraj, Chief Operating Officer, MPS Interactive and MPS Europa; Naren Kumar, CTO, MPS Limited; Tony Alves, Senior Vice President and Head of Product Management at HighWire. Prarthana joins us from our corporate office in Noida; David from Austin, Texas; Archana from Dallas, Texas; Naren from Bengaluru; and Tony from the Greater Boston area. This global representation underscores our commitment to serving our diverse stakeholders across the world.

Prarthana will kick things off in our opening segment

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