Manipal Payment and Identity Solutions Limited (MPIMANIPAL)
Snapshot
Manipal Payment and Identity Solutions Limited closed at ₹331.35 on 4 Nov 2026. Data as of 4 Nov 2026.
Price
- Market Cap
- ₹7,383 Cr
OwnershipSep 2026
- Promoters
- 53.92%
- FIIs
- 3.74%
- DIIs
- 24.56%
Shareholding for the quarter ended September 2026; changes in percentage points.
Exchange activity4 Nov 2026
- Delivery
- 38.46% vs 31.94% average
- Volume vs its average
- 0.5×
Events
- Latest results
- Q2 FY27, filed 3 Nov 2026
- Board meeting filing
- 3 Nov 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
Manipal Payment and Identity Solutions Limited reported Q2 FY27 results on 3 Nov 2026: revenue ₹430 Cr, and net profit ₹80.9 Cr; the operating margin was 30.5%.
| Q2 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹430 | — | — |
| Operating profit | ₹131 | — | — |
| Net profit | ₹80.9 | — | — |
| EPS (₹) | 3.63 | — | — |
| Operating margin | 30.5% | — | — |
Quality of profit: of pre-tax profit of ₹110 Cr, ₹104 Cr (95%) came from the core business and the rest from other income and one-off items.
Share price since the results: +0.3% (close before the filing to the latest close).
MPIMANIPAL delivery percentage
NSE end-of-day data for
On Wed, 4 Nov 2026, 38.46% of the MPIMANIPAL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 31.94%. That is close to its usual level.
Delivery in the last 5 sessions: 39.0% · 40.1% · 29.8% · 48.1% · 38.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Manipal Payment and Identity Solutions Limited has informed stock exchanges regarding the availability of its investor presentation for the quarter and half-year ended September 30, 2026. The presentation covers standalone and consolidated financial results for Q2 and H1 FY27 and has been uploaded to the company's website. No underlying financial metrics or presentation slides were embedded directly in this specific text filing.
- Covers financial results for the quarter and half-year ended September 30, 2026
- Filing submitted under Regulation 30 of SEBI LODR Regulations, 2015
- Digital signature recorded on November 4, 2026
- Company Net Worth stands at Rs 1266 Cr with Debt of Rs 146 Cr
Manipal Payment and Identity Solutions Limited informed the exchanges about an intimation under Regulation 30(5) of the SEBI LODR Regulations. At its meeting held on November 3, 2026, the Board of Directors reviewed the Policy on Determination of Materiality of Events or Information. Consequently, Chief Financial Officer Ramanath Pai has been authorized to determine the materiality of events and oversee required disclosures. This is a standard corporate governance update with zero financial impact.
- Board reviewed Materiality Policy at its meeting held on November 3, 2026
- Chief Financial Officer Ramanath Pai designated as the authorized Key Managerial Personnel
- Filing submitted pursuant to Regulation 30(5) of SEBI LODR Regulations, 2015
- Contact details published include contact number +91 820 220 5000
Manipal Payment and Identity Solutions reported strong consolidated performance for H1 FY27, with revenue growing 40.3% YoY to ₹849.4 crore and PAT up 45.4% YoY to ₹158.6 crore. For Q2 FY27, revenue expanded 33.6% YoY to ₹430.4 crore, while net profit grew 7.7% YoY to ₹80.9 crore. International business scaled sharply to 12.8% of revenue in H1 FY27 compared to 5.4% in H1 FY26, aided by operationalising card personalisation bureaus in the UK and Nigeria. Profitability improved despite incurring seeding and development costs of ₹16.5 crore (after tax) in H1 FY27 for new businesses and geographies.
- H1 FY27 revenue reached ₹849.4 crore, up 40.3% YoY; Q2 FY27 revenue grew 33.6% YoY to ₹430.4 crore
- H1 FY27 EBITDA rose 29.1% YoY to ₹255.5 crore with an EBITDA margin of 30.1% (Q2 margin at 30.5%)
- Consolidated PAT for H1 FY27 climbed 45.4% YoY to ₹158.6 crore with PAT margin improving 67 bps to 18.7%
- International contribution jumped to 12.8% of H1 revenue from 5.4% in H1 FY26 following UK and Nigeria expansion
- Incurred seeding and development costs of ₹16.5 crore post-tax in H1 FY27 (₹8.7 crore in Q2 FY27)
Manipal Payment and Identity Solutions reported Q2 FY27 standalone revenue from operations of ₹413.97 crore, up 28.5% YoY from ₹322.15 crore in Q2 FY26. Standalone profit before tax for the quarter reached ₹111.01 crore, compared to ₹102.49 crore in the year-ago period. For H1 FY27, revenue reached ₹823.29 crore versus ₹605.73 crore in H1 FY26. The company also confirmed that its entire fresh IPO net proceeds of ₹295.32 crore remain unutilised as of September 30, 2026, parked in bank fixed deposits.
- Q2 FY27 standalone revenue from operations stood at ₹413.97 crore (₹4,139.74 million), up 28.5% YoY from ₹322.15 crore (₹3,221.50 million)
- Standalone profit before tax rose to ₹111.01 crore (₹1,110.12 million) from ₹102.49 crore (₹1,024.87 million) in Q2 FY26
- H1 FY27 revenue from operations grew 35.9% YoY to ₹823.29 crore (₹8,232.94 million)
- Fresh issue IPO net proceeds of ₹295.32 crore (₹2,953.22 million) remained 100% unutilised and parked in fixed deposits as of Sep 30, 2026
- Cash and cash equivalents jumped to ₹282.73 crore (₹2,827.29 million) as of Sep 30, 2026, boosted by IPO proceeds
Manipal Payment and Identity Solutions Limited (MPIMANIPAL) has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for amendments and ratification of its ESOP 2024 scheme. Key resolutions include renaming the scheme to MPi Employee Stock Option Plan 2024, post-listing regulatory alignment under SEBI SBEB Regulations, and extending benefits to group companies. The remote e-voting window begins November 4, 2026, and concludes on December 3, 2026, with results expected by December 5, 2026. The amendments do not alter existing option quantities, exercise prices, or vesting terms.
- Remote e-voting starts on November 4, 2026 (9:00 AM IST) and ends on December 3, 2026 (5:00 PM IST)
- Voting eligibility is set based on the cut-off date of October 30, 2026
- Results of the postal ballot to be announced on or before December 5, 2026
- Amendments do not alter option numbers, exercise price, vesting terms, or exercise periods
Manipal Payment and Identity Solutions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent MUFG Intime India Private Limited confirms that security certificates received for dematerialisation were verified, cancelled, and substituted within prescribed timelines. This is a recurring administrative filing and carries no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026
- Filing officially submitted to BSE and NSE on October 14, 2026
Manipal Payment and Identity Solutions Limited has re-submitted its Limited Review Report for the consolidated financial results for the quarter ended June 30, 2026. The submission addresses a compliance query from BSE regarding the omission of Point No. 4 (listing of subsidiaries) required under SEBI's March 29, 2019 circular. The company confirmed that no changes have been made to the previously reported financial results. For Q1, consolidated subsidiary contributions included Nigeria revenue of INR 316.66 million with a PAT of INR 16.13 million, and UK revenue of INR 0.03 million with a net loss of INR 35.96 million.
- Re-submission made to include Point No. 4 under SEBI Circular CIR/CFD/CMD1/44/2019 dated March 29, 2019.
- Company confirmed zero changes to the underlying financial results reported for the quarter ended June 30, 2026.
- Subsidiary Manipal Payment & Identity Solutions Nigeria Limited contributed INR 316.66 million in revenue and INR 16.13 million in PAT.
- Subsidiary Manipal Payment & Identity Solutions UK Limited reported revenue of INR 0.03 million and a net loss of INR 35.96 million.
Manipal Payment and Identity Solutions reported strong Q1 FY27 consolidated performance with revenue from operations rising 47.8% YoY to ₹419.0 crore (vs ₹283.5 crore in Q1 FY26). Operational EBITDA rose 44.1% YoY to ₹124.2 crore, maintaining a healthy operational EBITDA margin of 29.6%. Net profit more than doubled to ₹77.7 crore compared to ₹33.9 crore in the same period last year, while diluted EPS stood at ₹3.39. International business expanded to account for 15.3% of revenue in Q1 FY27 from ~1% in FY23.
- Revenue from operations grew 47.8% YoY to ₹419.0 crore in Q1 FY27 compared to ₹283.5 crore in Q1 FY26
- Operational EBITDA stood at ₹124.2 crore with an EBITDA margin of 29.6%
- Consolidated PAT increased by 129% YoY to ₹77.7 crore from ₹33.9 crore
- Market share in India stands at ~31.7% for card issuance (36.4% credit, 30.9% debit) with 86.20 Mn chip-based payment cards billed in FY26
- Company reports a zero debt-to-equity ratio as of March 31, 2026, supported by ₹320 crore raised via fresh IPO issue
Manipal Payment and Identity Solutions reported strong consolidated results for Q1 FY27, with revenue growing 47.8% YoY to ₹419.0 crore. Profit after tax surged 129.1% YoY to ₹77.7 crore, supported by operating leverage and reduced finance costs, expanding PAT margins to 18.3%. Operational EBITDA increased 44.1% YoY to ₹124.2 crore with a 29.6% margin. The company highlighted rapid international growth, with export revenue contribution climbing to 15.3% from 3.9% in Q1 FY26, alongside initial deployment of its ₹805 crore IPO proceeds.
- Revenue from operations rose 47.8% YoY to ₹419.0 crore in Q1 FY27
- Net profit (PAT) increased by 129.1% YoY to ₹77.7 crore, lifting PAT margin to 18.3%
- Operational EBITDA rose 44.1% YoY to ₹124.2 crore with a healthy 29.6% EBITDA margin
- International business expanded significantly to 15.3% of revenue compared to 3.9% in Q1 FY26
- Company completed an ₹805 crore IPO with ₹238 crore earmarked for manufacturing and tech capex
Manipal Payment and Identity Solutions approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also approved the ratification and amendment of its ESOP plan (renamed MPi Employee Stock Option Plan 2024), authorizing up to 1,08,84,475 options exercisable into equity shares of face value Rs 2 each. Approval for the ESOP scheme will be sought from shareholders via postal ballot through remote e-voting. Specific quarterly profit and revenue figures were not detailed in the cover outcome text.
- Approved Q1 unaudited standalone and consolidated financial results for the period ended June 30, 2026
- Ratification and amendment of ESOP plan authorizing up to 1,08,84,475 options
- Each option is exercisable into equity shares of face value Rs 2 each
- Scheme renamed to MPi Employee Stock Option Plan 2024 subject to shareholder approval via postal ballot
Manipal Payment and Identity Solutions Limited, which listed on September 17, 2026, has announced the closure of its trading window effective September 18, 2026. The closure complies with SEBI PIT Regulations to facilitate consideration of financial results for the quarters ended June 30, 2026, and September 30, 2026. The window will reopen 48 hours following the declaration of these quarterly results. Designated persons and insiders are restricted from dealing in the company's equity shares during this timeframe.
- Listed on stock exchanges effective September 17, 2026
- Trading window closed effective September 18, 2026
- Closure covers consideration of financial results for quarters ended June 30, 2026, and September 30, 2026
- Trading window to reopen 48 hours post-announcement of the respective financial results
Company profile
Financial Performance
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Strategic Growth
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