Slide 1: Stock exchange cover letter for earnings presentation
Ref: MPSL/SE/102/2025-26 Date: 02 February 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot no. C/1, Department of Corporate Services G Block, Bandra – Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Towers Mumbai - 400 051, India Dalal Street, Mumbai- 40000
Slide 2: Earnings Presentation Q3 & 9M FY26
Earnings Presentation Q3 & 9M FY26 www.mpslimited.com www.mpslimited.com
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend Company’s prospects and take informed investment decisions. This report and other statements – written and oral – that we periodically make, contain forward-looking statements that set out
Slide 4: Financial Performance Q3 FY26
Financial Performance Q3 FY26 www.mpslimited.com © 2025 | MPS Limited | 3
Slide 5: Q3 FY26: In Perspective
Q3 FY26: IN PERSPECTIVE ➢ Q3 functioned as a holding quarter, supporting a broader transition while preserving long-term growth trajectory. ➢ Revenue stood at INR 18,249 lakh, reflecting a marginal YoY decline of 2.08%. EBITDA margin stood at 31.55% in Q3 FY26; well within a healthy operational rang
Slide 6: Q3 FY26 Delivers Resilient Performance with Healthy Margins
Q3 FY26 DELIVERS RESILIENT PERFORMANCE WITH HEALTHY MARGINS Metrics Q3 FY26 Q3 FY25 Variance% Revenue Reported Revenue (INR Lakh) 18,249 18,636 -2.08% EBITDA (INR Lakh) 5,758 6,034 -4.57% Profit PBT (INR Lakh) 4,571 5,509 -17.03% PAT (INR Lakh) 3,550 4,071 -12.80% EBITDA (%) 31.55% 32.38% -0.83% Mar
Slide 7: Excluding AJE, Q3 FY26 Delivers Growth at Robust Margins
EXCLUDING AJE, Q3 FY26 DELIVERS GROWTH AT ROBUST MARGINS Metrics Q3 FY26 Q3 FY25 Variance% Revenue Reported Revenue (INR Lakh) 15,359 14,425 6.48% EBITDA (INR Lakh) 4,979 4,753 4.75% Profit PBT (INR Lakh) 3,617 4,361 -17.07% PAT (INR Lakh) 2,579 2,741 -5.91% EBITDA (%) 32.42% 32.95% -0.53% Margin PB
Slide 8: Revenue Mix Remains Balanced and Resilient
REVENUE MIX REMAINS BALANCED AND RESILIENT Research Education Corporate Learning 16.0% 13.7% 13.9% 11.3% 12.4% 21.4% 25.3% 27.2% 24.3% 27.7% 62.6% 61.0% 58.4% 61.5% 63.3% Q 3FY 25 Q 4FY 25 Q 1 FY 26 Q 2FY 26 Q 3FY 26 The overall revenue mix reflects a balanced and resilient portfolio, driven by grow
Slide 9: Research Solutions Remains an Anchor with Strong Growth (excl. AJE)
RESEARCH SOLUTIONS REMAINS AN ANCHOR WITH STRONG GROWTH (EXCL. AJE) Q3 FY26 Q3 FY25 Variance Metrics Without Without Without Revenue (excl. AJE) up by 16.20% YoY, reflecting With AJE With AJE With AJE AJE AJE AJE continued momentum in core Research Reported Solutions. Revenue 11,554 8,664 11,668 7,4
Slide 10: Education Solutions Powers Scalable High-Quality Earnings Growth
EDUCATION SOLUTIONS POWERS SCALABLE HIGH-QUALITY EARNINGS GROWTH Q3FY26 Q3FY25 Variance Metrics Education Solutions revenue grew 11.30% YoY to INR 4,433 lakh, reinforcing strong segment momentum. Reported Revenue 4,433 3,983 11.30% (INR Lakh) EBITDA (INR Lakh) 1,807 1,590 13.65% EBITDA increased 13.
Slide 11: Corporate Learning Focuses on Discipline and Future-Ready Capabilities
CORPORATE LEARNING FOCUSES ON DISCIPLINE AND FUTURE-READY CAPABILITIES ➢ YoY revenue decline reflects a deliberate reset across Corporate Learning businesses ➢ Increased emphasis on AI-enabled solutions, immersive (VR/AR) learning, accessibility, and experiential training to enhance long-term value.
Slide 12: Diversification Will Continue to Remain a Strategic Focus
DIVERSIFICATION WILL CONTINUE TO REMAIN A STRATEGIC FOCUS Metrics Q3 FY26 Q3 FY25 Q2 FY26 North America 48% 45% 49% Geographic UK/Europe 35% 25% 34% Concentration Rest of the World 17% 30% 17% Debtors DSO (Days) 53 51 37 No. of Clients billed * 441 472 422 Client Top 5 contribution 46% 36% 41% Conce
Slide 13: Financial Performance 9M FY26
Financial Performance 9M FY26 www.mpslimited.com © 2025 | MPS Limited | 12
Slide 14: 9M FY26: In Perspective
9M FY26: IN PERSPECTIVE ➢ Revenue increased 3.38% YoY to ₹56,321 lakh, and EBITDA increased 8.68% YoY, materially outpacing revenue growth. ➢ Revenue (excl. AJE) stood at INR 46,849 lakh, up 13.12% YoY, reflecting steady topline growth supported by continued business expansion and stable customer de
Slide 15: 9M FY26: Financial Performance
9MFY26 : FINANCIAL PERFORMANCE Metrics 9M FY26 9M FY25 Variance% Revenue Reported Revenue (INR Lakh) 56,321 54,478 3.38% EBITDA (INR Lakh) 16,834 15,489 8.68% Profit PBT (INR Lakh) 16,438 13,923 18.06% PAT (INR Lakh) 12,619 10,184 23.91% EBITDA (%) 29.89% 28.43% 1.46% Margin PBT (%) 29.19% 25.56% 3.
Slide 16: 9M FY26 excl. AJE: Financial Performance
9M FY26 excl. AJE : FINANCIAL PERFORMANCE Metrics 9M FY26 9M FY25 Variance% Revenue Reported Revenue (INR Lakh) 46,849 41,415 13.12% EBITDA (INR Lakh) 14,273 12,493 14.25% Profit PBT (INR Lakh) 13,868 11,358 22.10% PAT (INR Lakh) 10,291 7,888 30.47% EBITDA (%) 30.47% 30.17% 0.30% Margin PBT (%) 29.6
Slide 17: Revenue Mix Remains Balanced and Resilient
REVENUE MIX REMAINS BALANCED AND RESILIENT Research Education Corp. Learning 16.5% 12.5% 19.7% 26.4% 63.8% 61.1% 9M F Y 25 9M F Y 26 The overall revenue mix reflects a balanced and resilient portfolio, driven by strong growth in the Education Solutions and asustained Research Solutions base, while t
Slide 18: Diversification Will Continue to Remain a Strategic Focus
DIVERSIFICATION WILL CONTINUE TO REMAIN A STRATEGIC FOCUS Metrics 9M FY26 9M FY25 North America 48% 45% Geographic UK/Europe 33% 28% Concentration Rest of the World 19% 27% Debtors DSO (Days) 53 51 No. of Clients billed * 576 646 Client Top 5 contribution 47% 34% Concentration Top 10 contribution 59
Slide 19: Thank You
THANK YOU