| Market Cap | ₹9364.9 CrSoftware & Services |
|---|---|
| Promoter Holding | 53.92%Latest Quarter |
| Sector PE | 21.56TTM Basis |
| 1-Year Price Change | 19.17%Change from 1Yr Low |
| Metric | Q1-27 | Q4-26 | Q1-26 |
|---|---|---|---|
| Revenue from Operations | 419 | 339 | 284 |
| Other Income | 5.0 | 10.2 | 9.1 |
| Total Income | 424 | 350 | 293 |
| Profit Before Tax | 105 | 82.0 | 47.7 |
| Exceptional Items | 0.0 | -0.2 | 0.0 |
| Net Profit | 77.7 | 56.8 | 33.9 |
| Operating Margin | 24.7% | 23.5% | 16.3% |
| Net Profit QoQ | +36.8% | ||
| Net Profit YoY | +129.2% | ||
| Adj. Profit QoQ | +38.3% | ||
| Adj. Profit YoY | +158.0% | ||
Key highlights
- Net profit surged 129.2% year-on-year to ₹77.7 crore in Q1-27
- Revenue from operations grew to ₹419 crore, up from ₹284 crore in the same period last year
- Operating margins expanded to 24.7% compared to 16.3% in Q1-26
- Profit before tax stood at ₹105 crore, a sharp increase from ₹47.7 crore in the year-ago quarter
- Company successfully listed on the NSE and BSE on September 17, 2026, following its IPO
How the Quarter Went
Manipal Payment and Identity Solutions reported a sharp rise in its financial performance for the quarter ended June 30, 2026. Revenue from operations climbed to ₹419 crore, representing a substantial increase from the ₹284 crore recorded in the corresponding quarter of the previous year. Sequentially, revenue also showed strong momentum, rising from ₹339 crore in Q4-26.
This top-line growth translated into a significant bottom-line boost, with net profit reaching ₹77.7 crore, a 129.2 percent increase over the ₹33.9 crore posted in Q1-26. The results reflect the company's first reporting period following its recent stock market debut.
Margins and Profitability
Profitability metrics showed marked improvement during the quarter, with the operating margin reaching 24.7 percent. This is a notable expansion from the 16.3 percent margin reported in the year-ago period and an increase over the 23.5 percent seen in the previous quarter. Profit before tax stood at ₹105 crore, benefiting from the scale in operations despite a decrease in other income, which fell to ₹5.0 crore from ₹10.2 crore in Q4-26.
There were no exceptional items impacting the current quarter's figures, ensuring the net profit growth was driven primarily by core business efficiencies and increased operating leverage.
Business Overview
Formerly known as MCT Cards & Technology Ltd, the company specializes in identity and payment solutions, providing smart cards and digital security products for banking and government sectors. During the board meeting held on October 1, 2026, the company approved the ratification of the MCT Employee Stock Option Plan 2024, involving options exercisable into over 1.08 crore equity shares. The board also approved a name change for the plan to the MPi Employee Stock Option Plan 2024 to align with the company's updated identity.
The company continues to monitor the impact of new Labour Codes and regulatory changes on long-term employee benefit liabilities.
Financial Context
The company's performance in Q1-27 stands in contrast to its long-term annual trends, where revenue growth for the previous full year was 6.22 percent. The current quarter's 129.2 percent year-on-year profit growth significantly outpaces the sector's net profit growth of 12.84 percent. With a market capitalization of ₹9364.9 crore and a promoter holding of 53.92 percent, the company maintains a Piotroski Score of 6, indicating a stable financial position.
The stock is currently trading at ₹404, which is 19.17 percent higher than its 52-week low of ₹315.65, reflecting positive market momentum post-listing.
Industry Landscape
Manipal Payment and Identity Solutions operates within the Internet Software & Services sector, focusing on the fintech and secure identity hardware niche. The sector has seen a revenue growth of 17.98 percent over the last quarter, which the company has outperformed with its revenue climb from ₹284 crore to ₹419 crore. Compared to the industry PE of 44.44, the company's recent margin expansion reflect the high demand for secure payment infrastructure and identity management in India's digitizing economy.
The company remains a certified manufacturer for VISA, MasterCard, and RuPay, positioning it as a critical player in the payment card ecosystem.
| Share price | ₹404 |
|---|---|
| Market capitalisation | ₹9,364.90 Cr |
| Revenue (annual) | ₹1,326.75 Cr |
| Net profit (annual) | ₹253.46 |
| Promoter holding | 53.92% |
| FII holding | 4.27%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Manipal Payment and Identity Solutions Ltd announcing its Unaudited Financial Results for the quarter ended June 30, 2026. Market figures from a third-party data provider.
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