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Manipal Payment and Identity Solutions Limited

5 articles
Manipal Payment and Identity Solutions Limited demonstrated robust financial performance in Q1 FY27, with revenue increasing 48% year-over-year to ₹419 crore and net profit surging 129% to ₹78 crore, driven by operating leverage and international expansion. The company's operational EBITDA margin remained resilient at 29.6%, despite external challenges, highlighting efficient cost management. Following a successful ₹805 crore IPO, Manipal Payment is earmarking capital for capacity expansion in both manufacturing and technology, positioning the company for continued growth and further scaling of its emerging businesses like metal cards and Smart Tagging & IoT capabilities.