The call ran from 5:01 PM to 5:46 PM IST (45 min).
Key takeaways
Revenue strong (Q2 +33.6%, H1 +40.3%), but Q2 PAT grew only 7.7% as costs, forex and freight squeezed margins; margin recovery is asserted without numbers.
| Management target | Revenue 25.0% FY29 |
|---|
| Revenue growth | Q2 revenue +33.6% to ₹430.4 Cr; H1 +40.3%; no one-time items cited. |
|---|---|
| Margins | Q2 EBITDA margin 30.5%; mgmt blames forex and imports, no peer comparison. |
| Demand visibility | Pipeline in state ID tenders, transit programs; H2 seasonally stronger, unquantified. |
| Management confidence | Balanced-to-optimistic; margin shortfall blamed on forex and geopolitics. |
Growth
Q2 revenue ₹430.4 Cr (+33.6%); Q2 EBITDA +17.5%, PAT +7.7%; depreciation nearly doubled to ₹22.4 Cr.
Outlook
FY27 revenue guided 30-35%; 25% CAGR targeted FY27-29; H2 seasonally stronger; no margin figures given.
Risks
Margin recovery unquantified; freight cost surge; working capital 96 days vs 74 a year ago; PSU fixed-price contracts.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Manipal Payment and Identity Solutions Q2 FY27 Results: Net Profit ₹80.9 Cr, Up 7.7% YoY
Manipal Payment and Identity Solutions Ltd reported revenue from operations of ₹430.4 Cr (+33.6% YoY) and net profit of ₹80.9 Cr (+7.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹80.9 Cr · +7.7% YoY
Call details
| Company | Manipal Payment And Identity Solutions Limited |
|---|---|
| NSE symbol | MPIMANIPAL |
| ISIN | INE241U01028 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 5:00 PM IST |
| Length | 45 min |
| Audio | Our stream on YouTube ↗ |
Manipal Payment And Identity Solutions Limited: key numbers
- Share price
- ₹330.00
- Market cap
- ₹7,650 Cr
- Revenue (annual)
- ₹1,327 Cr
- Net profit (annual)
- ₹253.5 Cr
- Promoter holding
- 53.92%
- FII holding
- 3.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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