MPS Rewards Loyalty: Rs 33 1st Interim Dividend Declared, To Be Paid By 21 February; Buy By Record Date?

One of the top suppliers of digital platforms and content solutions worldwide is MPS. The top businesses, publishers, learning firms, and content aggregators around the globe rely on MPS as a worldwide partner for platform, learning, and content solutions. With seven development centres in India, three subsidiaries in Europe, three in Australia, one in China, and an office in the US, MPS is powered by more than 3,000 employees. By 2027, MPS hopes to generate more than $200 million in revenue.

MPS Dividend

"The Board of Directors has declared the 1st (First) Interim Dividend of INR 33 per equity share of face value of INR 10/- each for the financial year 2024-25. The same shall be paid on or before 21 February 2025, to those Members whose names appear in the Register of Members of the Company and/or Register of Beneficial Owners maintained by the Depositories and made available to the Company as on Record Date i.e. 29 January 2025, as fixed for this purpose," said MPS in a stock exchange filing.

MPS Financials

The company reported a net revenue of Rs 18,636 lakhs in the quarter ended on 31st December 2024 compared to Rs 13,381 lakhs in the December 2023 quarter representing a growth of 39.27%. The company posted a net profit of Rs 4,071 lakhs in Q3FY25 compared to Rs 2,973 lakhs in Q3FY24 representing a growth of 36.93% YoY. Its EBITDA reached Rs 6,034 lakhs in the quarter under review up by 35.17% YoY from Rs 4,464 lakhs in the same quarter of the previous fiscal year.

MPS Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "MPS is currently exhibiting a strong bullish trend, trading at 2426, and appears poised for a daily range breakout at the critical 2500 level. If the stock manages to close above 2500, it has the potential to rally toward 3200 and 3400 levels in the medium term. On the downside, immediate support is seen at 2200, which presents a buy-on-dip opportunity for traders and investors looking to capitalize on any pullback."

"The stock is trading above all key exponential moving averages (20, 50, 100, and 200 EMA), signifying sustained bullish momentum and robust underlying strength. Additionally, the RSI is currently at 73, indicating strong upward momentum, though traders should monitor for any signs of overbought conditions. This upward RSI trend further reinforces the bullish outlook as the stock aligns with positive technical indicators," the analyst said.

"MPS is also offering a dividend with an ex-date set for January 29, 2025, which may attract dividend-focused investors and add to the stock's appeal. With a recommended stop loss of 2090, traders can manage their risk effectively while positioning for potential gains. The combination of technical strength, upward momentum, and dividend incentives makes MPS an attractive candidate in the current market scenario," commented Mandar Bhojane.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.