Dolat Capital: Revival In MPS’ Publishing Business, Highwire Integration Drives Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.MPS Ltd. reported strong Q1 FY21 results, with a 3.2% QoQ growth in revenue (our estimate 6.0% QoQ de-growth), led by content business growth of 12.6% QoQ and platform business growth of 23.6% QoQ.Operating profit margin improved 90 basis points QoQ to 20.6% (our estimate 7.7%) primarily due to strong revival in content business margins to 33.2% from 8.1% QoQ.MPS acquired HighWire Press, a publishing-business peer for $7.1 million, and is expected to be integrated fully from second quarter with potential annualised revenues of $13 million - $17 million (break-even OPM).MPS expects to cross sell complimentary tech across the huge HighWire client base (150 service relationships with clients). Publishing business revival and HighWire integration solves the growth concern for the company and focus now shifts toward timely revival of profitability in acquired business to company average (30%)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Dolat Capital: Revival In MPS’ Publishing Business, Highwire Integration Drives Growth

Dolat Capital: Revival In MPS’ Publishing Business, Highwire Integration Drives Growth

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