India's MPS surges on June quarter earnings boost

MPS

01/08/2023 08:49

** Shares of MPS  MPSL.NS  jump as much as 12.32% to 1,219
rupees apiece
    ** Uptick after the company that offers publishing solutions
posts 46.80% year-on-year rise in consolidated net profit to 303
mln rupees in the June quarter
    ** Revenue from operations at 1.33 bln rupees, up 15.65%
from 1.15 bln rupees Y/Y
    ** EBITDA up 41.56% at 419.3 mln rupees Vs. 296.2 mln
rupees; EBITDA margin expands to 31.53% in June quarter from
25.76% Y/Y
    ** Stock most active in nearly two months since June 7,
2023, with trading volume of 128,213 shares as of 1:11 p.m. IST,
five times the 30-day avg - Refinitiv data
    ** Including today's rise, MPSL up 45.67% in 2023 so far
compared to 9% uptick in benchmark Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))