BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
MPS Ltd. reported a revenue growth of 2.5% QoQ (our estimate: up 1.5%) largely led by robust performance from e-learning business (26.2% QoQ), while content business grew 1.4% QoQ led by steady publishing volumes.
Platform business declined 7.0% QoQ, on continued contraction in select Highwire client.
MPs' TOPSIM business was moved from platform segment to e-learning segment, as it fits more towards e-learning business.
EBIT margin for the quarter stood at 22.2% as against our expectations of 20.0%.
This was led by maintaining cost control on an overall level where employee cost declined 0.6% QoQ (employee base inched up by 1.6% QoQ) and other expenses inched up by just 1.1% QoQ.
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