MPS Limited — Interim / Quarterly Report 2021

Aug 11, 2020

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August 11, 2020

Listing Department The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 Trading Symbol:MPSLTD Through: NEAPS	Corporate Relationship Department BSE Limited Phiroze JeeJeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code:532440 Through: BSE Listing Centre

Sub.: Outcome of the Board Meeting held today i.e. Tuesday, August 11, 2020

Dear Sir/ Madam,

Pursuant to the Regulation 30 of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Board of Directors of the Company, at its meeting held on Tuesday, August 11, 2020, has inter-alia, approved the following:

1. The Un-Audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2020. The said Financial Results along with Limited Review Reports of the Statutory Auditors thereon and Investors’ Presentation on these Financials are enclosed herewith.

2. The Committees of the Board have been re-constituted as follows:

3. a. Nomination and Remuneration Committee has been re-constituted to include Ms. Yamini Tandon, as the Member of the Committee in place of Mr. Nishith Arora.

Updated Composition of the Nomination and Remuneration Committee with effect from August 12, 2020 is as mentioned below:

Ms. Jayantika Dave Chairperson, Independent Director Ms. Achal Khanna Member, Independent Director Ms. Yamini Tandon Member, Non-Executive Director

• b. Audit Committee has been re-constituted to include Mr. Rahul Arora as the Member of this Committee in place of Mr. Nishith Arora.

Updated Composition of the Audit Committee with effect from August 12, 2020 is as mentioned below:

Mr. Ajay Mankotia Chairman, Independent Director Dr. Piyush Kumar Rastogi Member, Independent Director Mr. Rahul Arora Member, CEO & Managing Director

]

www.mpslimited.com

Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032 (INDIA), Tel: +91 44 49162222 Fax: +91 44 49 16 2225 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795

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• c. Stakeholders Relationship Committee has been re-constituted to include Mr. Rahul Arora as the Member of the Committee in place of Mr. Nishith Arora and Ms. Yamini Tandon, has now become the Chairperson of the Committee.

Updated Composition of the Stakeholders Relationship Committee with effect from August 12, 2020 is as mentioned below:

Ms. Yamini Tandon Chairperson, Non - Executive Director Mr. Rahul Arora Member, CEO and Managing Director Ms. Jayantika Dave Member, Independent Director

• d. Corporate Social Responsibility Committee has been re-constituted to include Ms. Yamini Tandon as Member of the Committee in place of Mr. Nishith Arora. Mr. Rahul Arora has now become the Chairman of the Committee.

Composition of the Corporate Social Responsibility Committee with effect from August 12, 2020 is as mentioned below:

Mr. Rahul Arora Chairman, CEO and Managing Director Ms. Yamini Tandon Member, Non-Executive Director Ms. Jayantika Dave Member, Independent Director

Please take the above information and enclosed documents on record.

Thanking you,

Yours Sincerely,

For MPS Limited

Sunit Malhotra Digitally signed by Sunit Malhotra DN: cn=Sunit Malhotra, o=MPS Limited, ou=Finance and Secretarial, email=sunit.malhotra@mpslimited.com, c=IN Date: 2020.08.11 17:10:18 +05'30' Sunit Malhotra

CFO & Company Secretary

Encl.: as above

www.mpslimited.com

Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032 (INDIA), Tel: +91 44 49162222 Fax: +91 44 49 16 2225 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795

B S R & Co. LLP

Chartered Accountants

Building No. 10, 8th Floor, Tower-B DLF Cyber City, Phase-II Gurugram – 122 002, India

Telephone: +91 124 7191000 Fax: +91 124 235 8613

To

Board of Directors of MPS Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of MPS Limited (“the Company”) for the quarter ended 30 June 2020 (“the Statement”).

2. This Statement, which is the responsibility of the Company’s management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2020 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

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Registered Office : 5[th] Floor, LodhaExcelus Apollo Mills Compound N.M. Joshi Marg, Mahalaxmi Mumbai – 400 011

B S R & Co. LLP

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration Number: 101248W/W100022

Digitally signed by SHASHANK SHASHANK AGARWAL AGARWAL Date: 2020.08.11 16:36:29 +05'30'

Shashank Agarwal

Partner

Place: Gurugram Date: 11 August 2020

Membership Number: 095109 ICAI UDIN: 20095109AAAAFC2179

MPS Limited

Registered Office: 4th Floor, R.R Towers IV, Super A, 16/17, T.V.K. Industrial Estate, Guindy, Chennai 600 032 Tel: +91 44 49162222, Fax: +91 44 49162225, Email: investors@mpslimited.com, Web site: www.mpslimited.com CIN: L22122TN1970PLC005795

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2020

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(INR in lacs, except per equity share data)
S. No. Particulars Corresponding
Three months Preceding three three months Previous year
ended months ended ended in ended
previous year
30-Jun-2020 31-Mar-2020 30-Jun-2019 31-Mar-2020
(Un-Audited) (Audited) (Un-Audited) (Audited)
(refer note-2)
I Revenue from operations (net) 4,925 4,518 4,678 18,765
II Other income 228 427 463 1,842
III Total income (I+II) 5,153 4,945 5,141 20,607
IV Expenses
Employee benefit expense 2,177 2,185 2,241 8,855
Finance costs 26 37 34 138
Depreciation and amortization expense 191 180 191 745
Other expenses 924 980 923 3,900
Total expenses 3,318 3,382 3,389 13,638
V Profit before exceptional items (III-IV) 1,835 1,563 1,752 6,969
VI Exceptional items - - - -
VII Profit before tax (V-VI) 1,835 1,563 1,752 6,969
VIII Tax expenses
Current tax 440 509 576 2,197
Adjustment of tax relating to earlier years - - - 23
Deferred tax charge 31 (165) (61) (528)
Total tax expenses 471 344 515 1,692
IX Profit for the period (VII-VIII) 1,364 1,219 1,237 5,277
X Other comprehensive income
Items that will not be reclassified to profit
or loss
Remeasurement of the net defined benefit liability/asset (64) (12) (14) (21)
Income tax relating to items that will not be reclassified to profit or loss 16 3 4 5
Total other comprehensive income (48) (9) (10) (16)
XI Total comprehensive income for the 1,316 1,210 1,227 5,261
period (IX+X)
XII Paid-up equity share capital 1,862 1,862 1,862 1,862
(Face Value - INR 10 per Equity Share)
XIII Earnings per equity share
(nominal value of share INR 10)
Basic and Diluted 7.32 6.55 6.64 28.34
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NOTES:

• 1 These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules 2015. These results have been reviewed by the Audit Committee and upon their recommendation, approved by the Board of Directors at their meeting held on 11 August 2020. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended 30 June 2020 and an unmodified report has been issued. The same has been filed with Stock Exchanges and is also available on the Company’s website at www.mpslimited.com.

• 2 The figures for the three months ended 31 March 2020 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to preceding quarter of the relevant financial year.

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3 Segment Reporting

(a) Based on the “management approach” as defined in Ind AS108 Operating Segments, the Chief Operating Decision Maker (‘CODM’) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

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(INR in lacs)
S. No. Particulars Corresponding
Three months Preceding three three months Previous year
ended months ended ended in ended
previous year
30-Jun-2020 31-Mar-2020 30-Jun-2019 31-Mar-2020
(Un-Audited) (Audited) (Un-Audited) (Audited)
I Segment revenue
Content solutions 4,032 3,734 3,826 15,444
Platform solutions 893 784 852 3,321
Total revenue from operations 4,925 4,518 4,678 18,765
II Segment results (profit before tax, exceptional items and
interest from each segment)
Content solutions 1,813 1,451 1,367 5,810
Platform solutions 458 371 466 1,747
Total 2,271 1,822 1,833 7,557
Less: Finance costs 26 37 34 138
Less: Un-allocable expenditure (net of un-allocable income) 410 222 47 450
Profit before tax 1,835 1,563 1,752 6,969
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(b) Assets and liabilities used in the Company’s business are not identified to any of the reportable segments, as these are used interchangeably between segments and the management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities.

• 4 Subsequent to the quarter ended 30 June 2020, the Company has consummated the acquisition of the HighWire Press Group. During the quarter ended 30 June 2020, the company incorporated a wholly owned subsidiary, HighWire North America LLC based at Delaware, USA to acquire the US business of HighWire Press Holding Inc. through Forward Merger and has funded INR 5,285.35 Lacs in HighWire North America LLC for the acquisition cost. This acquisition is completed at a purchase price of INR 5,445.88 Lacs on 1 July 2020. Simultaneously, this acquired business is transferred to the US branch of the Company. The Company has also acquired through Stock Purchase Agreement 100% shares of HighWire Press Limited, based at Northern Ireland along with its wholly owned subsidiary Semantico Limited, based at the United Kingdom through MPS North America LLC, an existing US based wholly owned subsidiary of the Company at a purchase price of INR 770.20 Lacs. Pursuant to this acquisition, HighWire Press Limited has become a subsidiary of MPS North America LLC and Semantico Limited has become the step down subsidiary of MPS North America LLC.

• 5 In assessing the recoverability of receivables including unbilled receivables, contract assets, goodwill, intangible assets and investments, the Company has considered internal and external information up to the date of approval of these financial results including economic forecasts considering emerging situations due to COVID-19. Based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. Due to the nature of the pandemic, the Company will continue to monitor developments to identify significant uncertainties in future periods.

Place: Gurugram Dated: 11 August 2020

By Order of the Board of Directors Rahul Arora RAHUL ARORA Digitally signed by RAHUL ARORA DN: c=IN, o=Personal, 2.5.4.20=fc188ff6d7324534b17592f766aa9139cfb9e7f94987a878d7bc561ee9d63df2, postalCode=201301, st=UTTAR PRADESH, serialNumber=dec2966a206709d8d531013902b87eccda7dff31e8a2eecee1813c0bd01b205b, cn=RAHUL ARORA Date: 2020.08.11 17:03:44 +05'30' Managing Director

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B S R & Co. LLP

Chartered Accountants

Building No. 10, 8th Floor, Tower-B DLF Cyber City, Phase-II Gurugram – 122 002, India

Telephone: +91 124 7191000 Fax: +91 124 235 8613

To

Board of Directors of MPS Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of MPS Limited (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), for the quarter ended 30 June 2020 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

2. MPS Limited

3. MPS Interactive Systems Limited

4. MPS North America LLC

5. MPS Europa AG

6. TOPSIM GmbH

7. HighWire North America LLC

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Registered Office : 5[th] Floor, LodhaExcelus Apollo Mills Compound N.M. Joshi Marg, Mahalaxmi Mumbai – 400 011

B S R & Co. LLP

1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2020 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

2. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

3. We did not review the financial information of 2 subsidiaries included in the statement, whose financial information, reflect total revenues of INR 676.70 Lacs, total net loss after tax of INR 88.89 Lacs and total comprehensive income of INR 12.63 Lacs for the quarter ended 30 June 2020, as considered in the unaudited consolidated financial information. These financial information have been reviewed by other auditors whose reports have been furnished to us by the management, and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of such other auditors and the procedures performed by us as stated in paragraph 3 above.

These subsidiaries are located outside India whose financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Parent Company's management has converted the financial information of these subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent Company's management. Our conclusion in so far as it relates to the balances and affairs of these subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us.

Our conclusion on the Statement is not modified in respect of the above matters.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration Number: 101248W/W-100022

SHASHANK

AGARWAL

Digitally signed by SHASHANK AGARWAL Date: 2020.08.11 16:37:01 +05'30'

Shashank Agarwal

Place: Gurugram Date: 11 August 2020

Partner Membership Number: 095109 ICAI UDIN: 20095109AAAAFD4635

MPS Limited

Registered Office: 4th Floor, R.R Towers IV, Super A, 16/17, T.V.K. Industrial Estate, Guindy, Chennai 600 032 Tel: +91 44 49162222, Fax: +91 44 49162225, Email: investors@mpslimited.com, Web site: www.mpslimited.com CIN: L22122TN1970PLC005795

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2020

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(INR in lacs, except per equity share data)
S. No. Particulars Corresponding
Three months Preceding three three months Previous year
ended months ended ended in ended
previous year
30-Jun-2020 31-Mar-2020 30-Jun-2019 31-Mar-2020
(Un-Audited) (Audited) (Un-Audited) (Audited)
(refer note-2)
I Revenue from operations (net) 8,177 7,616 8,363 33,165
II Other income 249 443 568 1,998
III Total income (I+II) 8,426 8,059 8,931 35,163
IV Expenses
Employee benefit expense 3,956 4,152 4,277 16,562
Finance costs 42 57 53 215
Depreciation and amortization expense 387 375 385 1,537
Other expenses 2,150 2,118 2,049 8,707
Total expenses 6,535 6,702 6,764 27,021
V Profit before exceptional items (III-IV) 1,891 1,357 2,167 8,142
VI Exceptional items - - - -
VII Profit before tax (V-VI) 1,891 1,357 2,167 8,142
VIII Tax expenses
Current tax 474 596 600 2,379
Adjusment of tax relating to earlier years - - - 36
Deferred tax charge 31 (182) 29 (259)
Total tax expenses 505 414 629 2,156
IX Profit for the period (VII-VIII) 1,386 943 1,538 5,986
X Other comprehensive income
Items that will not be reclassified to profit or loss
Remeasurement of the net defined benefit liability/asset (75) (21) (8) (53)
Income tax relating to items that will not be reclassified to profit or loss 19 5 2 13
Items that will be reclassified subsequently to profit
or loss
Exchange differences on translation of foreign operations - 446 5 687
Total other comprehensive income (56) 430 (1) 647
XI Total comprehensive income for the period (IX+X) 1,330 1,373 1,537 6,633
XII Paid-up equity share capital 1,862 1,862 1,862 1,862
(Face Value - INR 10 per Equity Share)
XIII Earnings per equity share
(nominal value of share INR 10)
Basic and Diluted 7.44 5.07 8.26 32.15
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NOTES:

1 These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules 2015. These results have been reviewed by the Audit Committee and upon their recommendation, approved by the Board of Directors at their meeting held on 11 August 2020. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended 30 June 2020 and an unmodified report has been issued. The same has been filed with Stock Exchanges and is also available on the Company’s website at www.mpslimited.com.

2 The figures for the three months ended 31 March 2020 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to preceding quarter of the relevant financial year.

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3 Segment Reporting

(a) Based on the “management approach” as defined in Ind AS108 Operating Segments, the Chief Operating Decision Maker (‘CODM’) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

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(INR in lacs)
S. No. Particulars Corresponding
Three months Preceding three three months Previous year
ended months ended ended in ended
previous year
30-Jun-2020 31-Mar-2020 30-Jun-2019 31-Mar-2020
(Un-Audited) (Audited) (Un-Audited) (Audited)
I Segment revenue
Content solutions 5,477 4,865 5,000 20,347
eLearning solutions 1,338 1,651 1,896 7,501
Platform solutions 1,362 1,100 1,467 5,317
Total revenue from operations 8,177 7,616 8,363 33,165
II Segment results (profit before tax, exceptional items and
interest from each segment)
Content solutions 1,918 1,641 1,454 6,457
eLearning solutions (15) (83) 198 650
Platform solutions 452 89 513 1,599
Total 2,355 1,647 2,165 8,706
Less: Finance cost 42 57 53 215
Less: Un-allocable expenditure (net of un-allocable income) 422 233 (55) 349
Profit before tax 1,891 1,357 2,167 8,142
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(b) Assets and liabilities used in the Group’s business are not identified to any of the reportable segments, as these are used interchangeably between segments and the management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities.

4 Subsequent to the quarter ended 30 June 2020, the Company has consummated the acquisition of the HighWire Press Group. During the quarter ended 30 June 2020, the company incorporated a wholly owned subsidiary, HighWire North America LLC based at Delaware, USA to acquire the US business of HighWire Press Holding Inc. through Forward Merger and has funded INR 5,285.35 Lacs in HighWire North America LLC for the acquisition cost. This acquisition is completed at a purchase price of INR 5,445.88 Lacs on 1 July 2020. Simultaneously, this acquired business is transferred to the US branch of the Company. The Company has also acquired through Stock Purchase Agreement 100% shares of HighWire Press Limited, based at Northern Ireland along with its wholly owned subsidiary Semantico Limited, based at the United Kingdom through MPS North America LLC, an existing US based wholly owned subsidiary of the Company at a purchase price of INR 770.20 Lacs. Pursuant to this acquisition, HighWire Press Limited has become a subsidiary of MPS North America LLC and Semantico Limited has become the step down subsidiary of MPS North America LLC.

5 In assessing the recoverability of receivables including unbilled receivables, contract assets, goodwill, intangible assets and investments, the Group has considered internal and external information up to the date of approval of these financial results including economic forecasts considering emerging situations due to COVID-19. Based on current indicators of future economic conditions, the Group expects to recover the carrying amount of these assets. Due to the nature of the pandemic, the Group will continue to monitor developments to identify significant uncertainties in future periods.

• 6 The Standalone results of the Company are available on the Company’s website www.mpslimited.com. The key standalone financial information of the Company is given below:

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(INR in lacs)
Particulars Corresponding
Three months Preceding three three months Previous year
ended months ended ended in ended
previous year
30-Jun-2020 31-Mar-2020 30-Jun-2019 31-Mar-2020
(Un-Audited) (Audited) (Un-Audited) (Audited)
Revenue from operations 4,925 4,518 4,678 18,765
Profit before tax 1,835 1,563 1,752 6,969
Tax expenses 471 344 515 1,692
Profit for the period 1,364 1,219 1,237 5,277
Other comprehensive income, net of income tax (48) (9) (10) (16)
Total comprehensive income for the period 1,316 1,210 1,227 5,261
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By Order of the Board of Directors Rahul Arora

Place: Gurugram Dated: 11 August 2020

RAHUL ARORA Digitally signed by RAHUL ARORA DN: c=IN, o=Personal, 2.5.4.20=fc188ff6d7324534b17592f766aa9139cfb9e7f94987a878d7bc561ee9d63df2, postalCode=201301, st=UTTAR PRADESH, serialNumber=dec2966a206709d8d531013902b87eccda7dff31e8a2eecee1813c0bd01b205b, cn=RAHUL ARORA Date: 2020.08.11 17:04:53 +05'30'

Managing Director

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Financial Performance Q1 FY21

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Financial Summary

	Metrics	FY'21 Q1	FY'20 Q1	Y-o-Y
R	FX Gain/Loss adjusted revenue(INR Lacs)	8,226	8,463	-2.8%
evenue	Reported Revenue(INR Lacs)	8,177	8,363	-2.2%
	EBITDA on Fx adjusted revenue(INR Lacs)	2,132	2,127	0.3%
Profit	PBT(INR Lacs)	1,892	2,167	-12.7%
	PAT(INR Lacs)	1,385	1,538	-9.9%
	EBITDA(%)	25.9%	25.1%
Margin	PBT(%)	23.0%	25.6%
	PAT(%)	16.8%	18.2%
Headcount	At the end of each reporting period in Nos.	2,511	2,444
EPS	Basic and Diluted EPS(INR)	7.44	8.26

Profit and Margins are on FX Gain/Loss adjusted revenue.

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Financial Summary – Business Segments

	Metrics	FY'21 Q1	FY'21 Q1	FY'21 Q1	FY'20 Q1	FY'20 Q1	FY'20 Q1
		Content Solutions	Platform **Solutions **	eLearning	Content Solutions	Platform **Solutions **	eLearning
R	FX Gain/Loss adjusted revenue(INR Lacs)	5509	1368	1348	5082	1482	1899
evenue	Reported Revenue(INR Lacs)	5477	1362	1339	5000	1467	1896
	EBITDA(%)	30.7%	26.5%	6.0%	27.4%	26.1%	18.4%
Margin	PBT(%)	29.8%	23.6%	-5.4%	29.6%	26.5%	14.1%
	PAT(%)	22.1%	17.9%	-5.8%	21.0%	18.8%	10.0%
Headcount	At the end of each reporting period in Nos.	2086	179	246	2029	157	259

Analysis (FX Gain/Loss Adjusted Revenue)

• Platform Solutions segment includes TOPSIM GmbH.

• eLearning segment includes MPS Interactive Systems and MPS EUROPA.

• Profit and Margins are on FX Gain/Loss adjusted revenue.

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Other Updates

Cash and Cash equivalents

• Total Cash and Cash equivalents (including investment in Mutual funds) as on 30-Jun-2020 is INR 139 Crores and INR 181 Crores as on 31-Mar20; Zero debt

CSR Update

• Total Spending for Q1 FY’21 INR 41 Lacs.

IIMPACT

• Area Covered: Girls Education

• Project Name: MPS Limited Girls Education Project

• Total Learning Centres being Supported: 100

Vedanta Cultural Foundation

o Area Covered: Promoting education, including special education and employment enhancing vocation skills, especially among

children, women, elderly and the differently abled and livelihood enhancement projects.

Computer Education

• Imparting free computer education to under privileged students.

SAMBANDH

• Area Covered: MENTAL HEALTH

• Pilot Project at Gurgaon

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Key Business Metrics

(does not include eLearning Solutions and TOPSIM)

Metrics	Metrics	FY'21 Q1	FY'20 Q1
	USD	89%	82%
	GBP	7%	15%
Currency Contribution (%)	EURO	2%	2%
	INR	1%	0%
	Others	1%	1%
	North America	73%	51%
Geographic Concentration	UK/Europe	23%	46%
	Rest of the World	4%	3%
Debtors	DSO	54	63
	Client Billed	263	295
Client Concentration	Top 5 contribution	64%	53%
	Top10 contribution	78%	73%
	Top15 contribution	84%	81%

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Key Business Metrics

Consolidated

Metrics	Metrics	FY21 Q1	FY20 Q1
	USD	81%	71%
	GBP	5%	10%
C Ctibti %	EURO	7%	8%
urrency onruon ()	CHF	3%	3%
	INR	2%	5%
	Others	2%	3%
	North America	67%	49%
Geographic Concentration	UK/Europe	27%	43%
	Rest of the World	6%	8%
Debtors	DSO	62	56
	Client Billed	474	514
Client Concentration	Top 5 contribution	51%	38%
	Top10 contribution	65%	53%
	Top15 contribution	71%	64%

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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 setout anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is, inter-alia, subject to assumptions, risks, uncertainties, including but not limited to our ability to successfully conclude and integrate (potential) acquisition(s) and general regulatory and economic conditions affecting the industry. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, expected or projected. We undertake no obligation to publicly update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise. Further this presentation may also contain references to findings of various reports available in public domain. We make no representations as to their accuracy or that we necessarily subscribe to those findings. Figures for previous periods / year have been regrouped, wherever necessary.

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Thank You

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