Dolat Capital: MPS’s Highwire Drives Q2; E-Learning, Platform To Grow Organically Hereon
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Dolat Capital: MPS’s Highwire Drives Q2; E-Learning, Platform To Grow Organically Hereon

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 slight beat on results in Q2, with a 34.9% QoQ growth in revenue (our estimate 31.9% QoQ) largely led by inorganic contribution from acquired Highwire business while organic business biz segments remained in flat to slightly negative growth range.

Operating profit margin declined 360 basis points QoQ to 17.0% (our estimate 15.0%) due to decline in margins of all three biz segments where-in platform business was impacted by lower Ebitda margin of acquired Highwire business (early double digit).

Click on the attachment to read the full report:

Dolat Capital MPS Q2FY21 Result Update.pdf

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