Manipal Payment and Identity Solutions Ltd reported a 129% rise in net profit to ₹78 crore, up from ₹34 crore a year earlier. Revenue climbed 47.8% to ₹418.9 crore, while EBITDA grew 44.1% to ₹124.1 crore. The EBITDA margin eased slightly to 29.6% from 30.4% YoY, reflecting new geographies and capital outlays.
International revenue surged to 15.3% of total sales, a sharp lift from 3.9% in Q1 FY26, as export traction accelerated. A shift to premium, technology‑driven offerings—including metal cards—boosted the product mix. Executive Director & CEO K Girish Kini said the company began FY27 on a strong footing with broad‑based growth across its portfolio.
Shares of Manipal Payment closed at ₹402.55 on the NSE, down ₹7.30 or 1.78% ahead of the results announcement. The dip mirrors market caution as investors await the full earnings report and forward guidance.
Kini added that the firm will focus on deepening customer relationships, expanding its international footprint, and investing in innovation and capacity. No specific guidance was issued, but the company signals confidence in sustaining its recent momentum.