MPS shares hit 52-week high on strong Q1 rally, incorporation of wholly-owned subsidiary

MPS Limited shares rallied 20% to hit a 52-week high of ₹2,564.50 apiece on Wednesday, July 22, after the publishing company reported a strong quarter and incorporated a wholly owned subsidiary.  

The firm’s board of directors has approved the incorporation of a wholly owned subsidiary (WOS) in Singapore. The move is aimed at expanding the company’s international presence, subject to necessary regulatory approvals and compliance with applicable laws.

MPS will invest up to ₹1 crore in the proposed subsidiary by subscribing to its share capital in one or more tranches, the company said. The investment will be carried out in line with the Foreign Exchange Management Act (FEMA), overseas investment regulations, RBI guidelines, and relevant regulations in Singapore.

“The proposed incorporation is intended to facilitate the Company's business objectives and strengthen its international presence. The WOS shall be incorporated in accordance with the applicable legal and regulatory framework governing overseas investments and company incorporation,” MPS said in a regulatory filing.

Q1 FY27 earnings

The printing and publishing firm reported its strongest quarter with 43% growth in its consolidated net profit at ₹50 crore in the first quarter of the current fiscal year (Q1 FY27), compared to ₹35 crore in the same period last year.

The firm’s revenue from operations jumped 20.4% year-on-year (YoY) to ₹224 crore during the quarter under review, as against ₹186 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹77 crore in Q1 FY27 as compared to ₹50 crore in the year-ago period.

The EBITDA margin expanded to 34.38% in the reporting quarter, in contrast to 27.04% in Q1 FY26.

“Q1 landed ahead of a straight-line path, and our second half has historically outrun our first. We continue to regard ₹300 crores as a mark we are positioned to clear comfortably,” MPS said in an investors’ presentation.

MPS share price trends

At 1:20 PM, MPS shares were trading at ₹2,557 apiece on the National Stock Exchange, soaring 19.65%.

From the beginning of the year, MPS shares have gained 26%. For a six-month period, the stock has jumped 38% while it has climbed 40% in a month’s time.

MPS has a total market capitalisation of ₹4,336.32 crore as of July 22, 2026, according to data on the NSE.