Shares of MPS Ltd. gained as much as 8% on Wednesday, November 12, in response to their September quarter results that were reported during market hours.

Revenue for the quarter increased by 9.4% from the same quarter last year to ₹194.4 crore from ₹177.7 crore last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 12.3% to ₹60.3 crore from ₹53.7 crore last year.

EBITDA margin expanded by 80 basis points to 31% from 30.2% year-on-year, while the company's net profit saw a growth of 60% from last year to ₹55.4 crore from ₹35.2 crore.

Research remains the core revenue contributor to MPS' topline, as it contributed 61.5% to the overall topline, while the contribution of the Education vertical to MPS' topline increased to 27.2% from 19.5% d

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