Stories
Manipal Payment Q1 Profit Soars on International Business Growth
C
CNBC TV18•01-10-2026, 21:04
Manipal Payment Q1 Profit Soars on International Business Growth
- •Manipal Payment and Identity Solutions Ltd reported a net profit of ‗78 crore in Q1 FY27, more than double the ‗34 crore from the previous year.
- •Revenue increased by 47.8% to ‗418.9 crore, while EBITDA rose by 44.1% to ‗124.1 crore.
- •International business was a key growth driver, with export traction boosting its contribution to 15.3% of total revenue, up from 3.9% in Q1 FY26.
- •The company benefited from a favorable product mix, including higher contributions from premium, technology-driven, and value-added offerings like metal cards.
- •Executive Director & CEO K Girish Kini highlighted the strong start to FY27 and the company's focus on expanding international presence and innovative offerings.
Key Questions Answered
Manipal Payment and Identity Solutions Ltd reported a sharp rise in net profit for the first quarter of FY27, more than doubling year-on-year to ₹78 crore from ₹34 crore.
Export traction significantly boosted international revenue, raising its contribution to total revenue to 15.3% in Q1 FY27 compared to 3.9% in the same period last year.
The EBITDA margin moderated slightly to 29.6% from 30.4% in the year-ago period, which was largely attributed to pre-operative costs associated with new geographies and facilities.
