Q3 2026 MPS Ltd Earnings Call Transcript
Key Points
- MPS Ltd (BOM:532440) reported a year-to-date revenue growth of INR563.2 crores, demonstrating successful execution of its long-term growth strategy.
- The Education Solutions segment emerged as a standout performer, growing over 38% in the first nine months of FY26.
- Research Solutions achieved a 16.2% year-over-year organic revenue growth, excluding AJE, reflecting strong engagement with STAR Accounts and successful new customer acquisition.
- The company is advancing its technology focus areas, including transitioning to AI-powered workflows and prioritizing AI models, to ensure non-linear growth and future-proof its business.
- MPS Ltd (BOM:532440) announced the acquisition of Unbound Medicine, a transformative milestone that expands its presence in the medical and nursing ecosystems with established institutional relationships.
- Q3 FY26 saw a minor dip in revenue to INR182.5 crores, with a pullback in the Corporate Learning segment.
- Corporate Learning operated below prior year and budget revenue levels, requiring a reset of foundations for future growth.
- The company faced challenges in the education business with some volatility in project timing impacting quarterly revenue.
- AJE, part of the Research Solutions segment, experienced a decline, impacting overall growth.
- The company is navigating a tough revenue and profitability picture in MPS Europa, requiring strategic adjustments.
Ladies and gentlemen, good day, and welcome to the Q3 and nine months FY26 earnings conference call of MPS Limited. (Operator Instructions) Please note that 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.
Thank you. Good evening from Singapore and a warm welcome to our Q3 FY26 earnings call. Today on the call I have with me, Prarthana Agarwal, CFO of MPS; Sreenivas T. V., COO of MPS; David Goodman, Chief Growth Officer; Rod Beach, President, Corporate Learning business.
Prarthana joins us from our corporate office in Noida, Sreeni from Bengaluru; David from Austin, Texas and Rod from Baar in Switzerland. Prarthana will kick things off today in our opening segment by discussing our financial performance. Then Sreeni will update us on our Research Solutions as a segment.
Sreeni will then hand over to David to help you understand the drivers of growth in our education business.
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