Manipal Payment Q1 FY27 results showed reported consolidated profit after tax of ₹77.7 crore, up 129% year on year, according to an investor presentation submitted to BSE on October 3, 2026. Manipal Payment and Identity Solutions Ltd reported revenue from operations of ₹419 crore for the quarter ended June 30, 2026, an increase of 48% from a year earlier.

The company submitted the presentation under Regulation 30 of the SEBI listing regulations for sharing with analysts and investors. The earnings presentation itself bears the date October 5, 2026.

Operational EBITDA, excluding other income, rose 44% to ₹124 crore. Its margin stood at 29.6%, compared with 30.4% a year earlier and 27.9% in the preceding quarter. Revenue increased 23% sequentially, while operational EBITDA grew 31%.

International revenue reaches ₹64.2 crore

International revenue increased to ₹64.2 crore from ₹11 crore in Q1 FY26, taking its contribution to revenue from operations to 15.3% from 3.9%. The presentation described the increase as 5.8 times year on year.

The company attributed overall revenue growth to international and domestic business performance. Its Nigeria personalisation bureau was operational and fully certified, with cards personalised and delivered to banks.

  • Core business revenue rose 22% to ₹262 crore, contributing 63% of quarterly revenue.
  • Emerging business revenue reached ₹157 crore, or 2.3 times the year-earlier level, accounting for 37% of revenue.
  • Smart Tagging and IoT secured new multi-year contracts, while the expanding metal-card portfolio included more than 10 variants across top issuers.

Profitability improves despite cost pressures

The company said operating leverage and lower finance costs supported profit growth, while results absorbed approximately ₹7.7 crore in seeding and development costs for new initiatives. It also cited adverse foreign-exchange movements and elevated raw-material prices amid geopolitical headwinds.

Reported PAT margin, calculated on total income, improved to 18.3% from 11.6% a year earlier. Diluted earnings per share increased 116% to ₹3.39 from ₹1.57.

The quarterly financial results underwent limited review by the statutory auditors. Operational EBITDA is a non-GAAP measure, while Core and Emerging are management classifications of the company's businesses.