'
MPS hosted a conference call on Nov
03,2022. In the conference call the company was represented by Mr Rahul
Arora-CMD and Mr Sunil Malhotra-CFO.
Key
takeaways of the call
Revenues of the company adjusted for Forex
stood at Rs 125.6 cr in Q2FY2023 as against Rs 110.4 cr up 13.77%. Growth in
revenues was driven in content business by scholarly customers particularly
journals and books; in e-learning business growth was driven by standalone and
EI design; and stability in platform business.
Content business revenue grew by 10% YoY
and profit grew by 30% YoY in Q2FY2023. Growth was led by Journal solution
business and given the highly profitable nature of the business the scale up
also led to margins improvement. Growth was led by both established as well as
new customers. The books division also did well with trends towards offshoring
continuing in education business which further helped improving margins.
E-learning business ...
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