Manipal Payment and Identity Solutions Limited (mpimanipal) Q1 FY27 Results: Revenue Up 48% Yoy, PAT Up 129% Yoy

Manipal Payment and Identity Solutions Limited (MPi), a provider of payment, identity, secure, and Smart Tagging & IoT solutions, announced its financial results for the quarter ended June 30, 2026. The company reported a strong start to Q1 FY27 with revenue from operations at Rs. 419.0 crore, higher by 47.8% year-on-year. Operational EBITDA stood at Rs. 124.2 crore, an increase of 44.1%, with an EBITDA margin of 29.6%. Profit after tax (PAT) stood at Rs. 77.7 crore, up 129.1%.

Revenue Growth

The revenue growth was driven by strong performance across domestic and international businesses. The contribution of international business to revenue increased to 15.3% from 3.9% in Q1 FY26, supported by growing export traction.

EBITDA and Margins

Operational EBITDA increased by 44.1% to Rs. 124.2 crore, aided by a favorable product mix with a higher contribution from premium, technology-driven, and value-added offerings. The EBITDA margin remained stable at 29.6%, while the PAT margin improved to 18.3% from 11.6% in Q1 FY26.

Looking Ahead

Commenting on the results, Mr. K Girish Kini, Executive Director & CEO, said, ‘We have started FY27 on a strong note, with revenue growth of 48% year-on-year and broad-based performance across our portfolio. As we begin our journey as a listed company, we remain focused on deepening customer relationships, expanding our international presence, and continuing to invest in innovation and capacity.’

Source: NSE Corporate Announcement

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