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MPS Results: Latest Quarterly Results & Analysis

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MPS Ltd. 23 Jan 2025 13:24 PM

Q3FY25 Quarterly Result Announced for MPS Ltd.

Publishing company MPS announced Q3FY25 results

  • Revenue: Rs 18,636 lakh compared to Rs 13,381 during Q3FY24, change 39.27%.
  • EBITDA: Rs 6,034 lakh compared to Rs 4,464 lakh during Q3FY24, change 35.17%.
  • EBITDA margin: 32.38% for Q3FY25.
  • PBT: Rs 5,509 lakh compared to Rs 4,065 lakh during Q3FY24, change 35.52%.
  • PBT margin: 29.56% for Q3FY25.
  • PAT: Rs 4,071 lakh compared to Rs 2,973 lakh during Q3FY24, change 36.93%.
  • PAT margin: 21.84% for Q3FY25.
  • Diluted EPS: 23.99 for Q3FY25.

Result PDF

Publishing company MPS announced Q4FY23 results:

  • On a consolidated basis, revenue for the quarter was Rs 127.5 crores on Reported terms and Rs 127.9 crores on FX-Adjusted terms. Q4 FY23 revenues were up 16.5% YoY on Reported terms and 15.7% YoY on FX Adjusted terms.
  • The EBITDA for the Q4FY23 was 45.6 crores (up by 44.4% YoY). The EBITDA Margin was at 35.8% (up from 28.9% in the same quarter last Financial Year).
  • The PAT for the quarter was Rs 32.1 crores (up by 45.6% YoY).
  • EPS was at Rs 18.83 (up 49.6% YoY).

Speaking on the performance, Rahul Arora, Chairman and CEO at MPS Limited, said, "MPS achieved a new milestone with FX-Adjusted Revenues at INR 500 crores in FY23. We also surpassed our publicly stated goal of INR 100 crores in PAT and ended much ahead at INR 109 crores in FY23. On a quarterly basis, Q4 was better than expected, and the solid results were an excellent way to wrap up an impressive FY23. Fx-Adjusted Revenues were higher by as much as 15.7% in Q4 FY23 YoY. PBT grew even faster at ~41% YoY in Q4 FY23. A five-pronged approach powers the recent momentum at MPS, referred to as "Going Gestalt," launched in 2021. "Going Gestalt" includes a revised Go-To-Market (GTM) strategy, a stronger emphasis on unlocking the potential of our 700 customer base, relentless pursuit of new customers, consistent investment in and launch of new capabilities, and an updated inorganic playbook. Our focus now is on supercharging "Going Gestalt." We are diligently marching toward our projected revenue goal of INR 1,500 crores at similar margins in FY28."

 

Result PDF

Realty company Macrotech Developers declares Q3FY22 result:

  • Sales of Rs 4,500 cr.
  • India pre-sales of INR 2,608 Cr., highest in last 12 quarter 40% YoY and 30% QoQ
  • Additionally, UK projects achieved best ever pre-sales performance at GBP 191 mn (Rs 1,910 cr.)
  • Signed up 6 JDAs for 4.8 msf amounting to INR 10,000Cr. GDV during the quarter
  • Strong Adjusted EBITDA margin at 34%; PAT margin at ~13%
  • Net Debt down to INR 9,896 crore
  • Further reduced average cost of borrowing by ~30 bps
  • Total pre-sales of ~INR 4,518 cr. - India Pre-sales at INR 2,608 crore (up 40% YoY) and UK pre-sales of GBP 191 milllion (~INR 1,910 cr.)
  • Collections at INR 2,127 crores (up 44% YoY)
  • Revenues from operations at INR 2,059 crore (up 36% YoY)
  • Adjusted EBITDA at INR 698 crore (up 55% YoY)
  • Strong Adjusted EBITDA margin at 34%; PAT Margin at 13%
  • PAT adjusted for forex stood at INR 279 crore (124% YoY)

Commenting on the performance during Q3FY22, Mr. Abhishek Lodha, MD & CEO, Macrotech Developers Ltd. said, “Housing market has seen a remarkable turnaround in last 12 months. The fact that this strong performance comes on the back of an equally strong base of the previous quarter as well as the same quarter in FY 21 showcases that the recovery in housing market has taken root and the multi-year up-cycle in housing market is well underway. We are witnessing strong demand across our portfolio and at all price points.

On the supply side, consolidation is accelerating at a great pace creating a goldilocks situation for strong brands like us. The accelerating consolidation in the market has presented to us several lucrative opportunities to add new projects across MMR & Pune through the capital light JDA route. To capture these opportunities, the company successfully completed its maiden QIP offering and raised equity of INR 4,000 crores from marquee global and Indian institutional investors. During the quarter, the company signed on 6 more JDAs for ~4.8 million square feet with INR ~10,000 crores GDV. Since our IPO (April 21), we have now added 11 JDA project totaling for ~8.8 million square feet with GDV potential of INR ~14,600 crore, which gives us significant visibility of future growth. We are focused on this capital light growth model - delivering scale with a prudent balance sheet. Strong operating performance and robust free cash flow will enable us to continue our de-leveraging journey.

Our UK business continues to perform ahead of expectations and we are pleased that the USD 225 million bond will be pre-paid in the near future from the sales at our One Grosvenor Square development, well ahead of the bond maturity. While Covid has affected India in January, it is heartening to note that the wave seems to be subsiding and global experts are envisaging that Covid-19, while endemic, is likely to become far less disruptive. If this plays out, we expect housing demand to further strengthen during the course of the next 12 months on the back of strength in the Indian economy and supportive government policies for housing. ”

Result PDF

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