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Manipal Payment and Identity Solutions Q2 FY27 results: net profit ₹80.88 crore
Manipal Payment and Identity Solutions Limited reported consolidated Q2 FY27 revenue of ₹430.40 crore and a net profit of ₹80.88 crore for the July–September 2026 quarter. Revenue, EBITDA and profit were higher than in Q1 FY27, while the EBITDA margin increased from 29.6% to 30.5%; no year-ago quarterly comparison was provided.
Key points
- Consolidated Q2 FY27 revenue was ₹430.40 crore, up 2.7% from ₹418.96 crore in Q1 FY27.
- EBITDA was ₹131.28 crore, up 5.7% from ₹124.18 crore in Q1 FY27, while the margin rose from 29.6% to 30.5%.
- Net profit was ₹80.88 crore, up 4.1% from ₹77.70 crore in Q1 FY27, and basic EPS was ₹3.63 against ₹3.49.
- For H1 FY27, consolidated revenue was ₹849.36 crore, total income was ₹860.36 crore and net profit was ₹158.58 crore.
- At 30 September 2026, consolidated total assets were ₹1,722.00 crore, total equity was ₹1,252.89 crore, borrowings were ₹0.64 crore and cash was ₹290.70 crore.
How did Manipal Payment and Identity Solutions perform in Q2 FY27?
Manipal Payment and Identity Solutions reported consolidated revenue of ₹430.40 crore for Q2 FY27, compared with ₹418.96 crore in Q1 FY27, a sequential increase of 2.7%. Other income was ₹5.96 crore, total expenses were ₹326.27 crore and profit before tax was ₹110.08 crore. No year-ago quarterly figures were provided for comparison. On a standalone basis, revenue was ₹413.97 crore and net profit was ₹82.47 crore.
Consolidated EBITDA rose 5.7% to ₹131.28 crore from ₹124.18 crore in Q1 FY27, and the EBITDA margin increased by 0.9 percentage points to 30.5% from 29.6%. Net profit rose 4.1% to ₹80.88 crore from ₹77.70 crore, while the net profit margin increased by 0.3 percentage points to 18.8% from 18.5%. Basic EPS was ₹3.63 against ₹3.49 in the previous quarter, and there was no exceptional item.
| ₹ crore | Q2 FY27 | Q1 FY27 | QoQ |
|---|---|---|---|
| Revenue from operations | 430.40 | 418.96 | +2.7% |
| Other income | 5.96 | 5.05 | +18.0% |
| Total expenses | 326.27 | 319.38 | +2.2% |
| EBITDA | 131.28 | 124.18 | +5.7% |
| EBITDA margin | 30.5% | 29.6% | +0.9 pp |
| Profit before tax | 110.08 | 104.62 | +5.2% |
| Tax | 29.20 | 26.92 | +8.5% |
| Net profit | 80.88 | 77.70 | +4.1% |
| EPS (₹) | 3.63 | 3.49 | +4.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹1,722.00 crore and total equity was ₹1,252.89 crore. The company reported borrowings of ₹0.64 crore and cash of ₹290.70 crore, alongside inventories of ₹254.71 crore, trade receivables of ₹341.01 crore and trade payables of ₹147.72 crore. No previous balance-sheet date was provided in the results data for comparison.
For H1 FY27, operating cash flow was ₹3.11 crore, investing cash flow was negative ₹155.17 crore and financing cash flow was ₹288.37 crore. Capital expenditure was ₹58.76 crore. The company did not provide year-ago cash-flow figures for comparison in the results data.
| ₹ crore | As of 30 September 2026 |
|---|---|
| Total assets | 1,722 |
| Total equity | 1,253 |
| Borrowings | 0.64 |
| Cash and equivalents | 290.70 |
| Inventories | 254.71 |
| Trade receivables | 341.01 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 |
|---|---|
| Cash from operations | 3.11 |
| Cash from investing | −155.17 |
| Cash from financing | 288.37 |
| Capital expenditure | 58.76 |
Source: Company's results filing (XBRL).
What else did the company announce?
In its filing dated 1 October 2026, the board approved the unaudited standalone and consolidated financial results for the first quarter ended 30 June 2026. It also recommended proposals, subject to shareholder approval through a postal ballot by remote e-voting, to ratify the MCT Employee Stock Option Plan 2024 and authorise up to 1,08,84,475 options exercisable into not more than 1,08,84,475 equity shares of face value ₹2 each.
The board approved amendments to the MCT Employee Stock Option Plan 2024, including changing its name to the MPi Employee Stock Option Plan 2024, updating the company’s name and making related amendments. It also approved the postal ballot notice and explanatory statement. The 1 October filing did not announce a dividend or a fund raise, and no appointment was included in its excerpts.
What did Manipal Payment and Identity Solutions' management say?
CFO Ramnathan Pai said lumpy, multi-year contracts could cause variability and made it difficult to provide individual annual guidance: “Given the lumpy nature and multi-year contracts, we believe that the company should grow at around twenty to twenty-five percent potentially from a three-year target perspective. But it will be difficult to give individual guidance year on year at this point, given the lumpy nature and contracts.” Management identified geopolitical tensions, rupee depreciation and higher raw-material and logistics costs as risks, along with customer concentration and exposure to issuer pricing cycles.
Kini said growth was coming from the core and emerging businesses: “Our core business, the business many of you know us for, grew twenty-two percent, and our emerging business grew two point three times. They are now thirty-six percent of our revenue. So we are building the new without slowing down the old.” The earnings-call disclosure did not provide analyst concerns, so no specific analyst question could be reported from the available excerpts.
How did Manipal Payment and Identity Solutions shares react?
The filing appeared after market hours. From the price when the filing appeared, the stock fell 1.3% after 5 minutes, 2.1% after 15 minutes and 3.7% after 30 minutes. From its pre-results close of ₹415.00, it closed the first trading session down 4.0%; the previous close was ₹404.00.
By the next day’s close, the stock was down 9.5% from its pre-results close, and by the fifth session it was down 11.4%. Over the same periods, the Nifty Microcap 250 was up 1.3% by the next day’s close and down 0.6% by the fifth session. No industry median was available, and there were no earlier results-day reactions provided for comparison.
| After the filing | Stock |
|---|---|
| 5 minutes | −1.3% |
| 15 minutes | −2.1% |
| 30 minutes | −3.7% |
| Reaction day | −4.0% |
| Next day | −9.5% |
| 5 days | −11.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was Manipal Payment and Identity Solutions' revenue in Q2 FY27?
Revenue from operations was ₹430.40 crore (consolidated).
Did Manipal Payment and Identity Solutions make a profit in Q2 FY27?
Yes. Net profit was ₹80.88 crore.
What was Manipal Payment and Identity Solutions' EPS in Q2 FY27?
Basic earnings per share were ₹3.63.
How did Manipal Payment and Identity Solutions shares react to the Q2 FY27 results?
On the reaction day the stock moved −4.0% from the previous close.
When did Manipal Payment and Identity Solutions announce its Q2 FY27 results?
On 1 October 2026, in a filing to the BSE.
Sources
- Outcome Of Board Meeting Of The Company Held On October 1, 2026 (BSE, 1 October 2026) · PDF
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 (BSE, 26 October 2026) · PDF
- Reply to Clarification- Financial results (NSE, 30 October 2026) · PDF
- Outcome of Board Meeting (NSE, 3 November 2026) · PDF
- The earnings call (5 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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