Q4 2024 MPS Ltd Earnings Call Transcript
Key Points
- MPS Ltd (BOM:532440) achieved a significant milestone with FX-adjusted revenue of INR546 crore in FY24, representing a 17.5% year-over-year growth.
- The company's top 15 customers now contribute to less than 60% of total revenue, indicating a more diversified customer base.
- The Content Solutions business saw a 7.5% revenue growth in FY24, with margins expanding to 40% on a standalone basis.
- The eLearning segment, despite some setbacks, grew by 6% in FY24 and is expected to see profitable growth in FY25.
- The Platform business, for the first time since the acquisition of HighWire, saw revenue growth and a 30% increase in profits on a consolidated basis.
- There was an EBITDA decline in Q4 FY24, although it is expected to improve quickly.
- The acquisition of AJE, completed in March 2024, was loss-making and impacted overall margins.
- The eLearning business faced challenges due to the deferment of a large project, affecting Q4 FY24 performance.
- The Content Solutions business experienced a temporary setback in the education segment, which is expected to correct in FY25.
- The company has a high reliance on inorganic growth to achieve its revenue targets, raising concerns about sustainable organic growth.
Ladies and gentlemen, good day, and welcome to Q4 FY24 earnings call of MPS Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Rahul Arora Chairman, CEO. Thank you and over to you, Mr. Arora.
Thank you, Andrew. Good morning from New York and a warm welcome to our Q4 and FY24 earnings call. Today on the call, I have with me Sunit Malhotra CFO of MTS Limited, Sukhwant Singh Chief Operating Officer, r (India), of our Scholarly practice, Tony Alves SVP and Head of Product Management at HighWire, which is our platform business, Kelly Lake Chief Strategy at EI. Sukhwant and Sunit join us for our corporate office in Noida and Kelly and Tony joined us from the Great Boston Area.
Today, Sunit will kick things off in our opening segment by discussing our financial performance. Then Sukhwant will update us on our content solutions business. Kelly will then update everyone on the developments in our eLearning
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