Manipal Payment and Identity Solutions Limited (MPIMANIPAL), a provider of payment, identity, secure and Smart Tagging & IoT solutions, today announced its financial results for the quarter and half-year ended September 30, 2026. The company reported strong growth momentum in H1 FY27 with revenue from operations at Rs. 849.4 crore, registering a growth of 40.3% YoY. The profit after tax (PAT) stood at Rs. 158.6 crore, registering growth of 45.4% YoY.

Revenue Growth

The healthy performance across Core and Emerging businesses supported sustained revenue growth. The continued scale-up of international operations and premium offerings contributed to growth, with international business accounting for 12.8% of revenue, compared to 5.4% in H1 FY26.

EBITDA and Profit After Tax

EBITDA (excluding other income) stood at Rs. 255.5 crore in H1 FY27, up 29.1% YoY, with an EBITDA margin of 30.1%. For Q2 FY27, EBITDA increased 17.5% YoY to Rs. 131.3 crore, with a margin of 30.5%. The revenue growth, favourable product mix, and operating leverage supported EBITDA performance. The PAT grew despite incurring seeding and development costs of Rs. 8.7 crore and Rs. 16.5 crore (after tax) for new businesses, geographies, and facilities during Q2 FY27 and H1 FY27, respectively.

Looking Ahead

Backed by a growing order pipeline and expected execution of key projects, the company anticipates a strong performance in H2 FY27. With a diversified portfolio and established execution capabilities, the company remains well positioned to sustain growth and create long-term value for its stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Manipal Payment and Identity Solutions Limited

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