MPS Ltd
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BSE Code:
532440
NSE Code:
MPSLTD
Business Profile
Business Profile
Macmillan India Limited (Macmillan) was established in 1893 and later in Jan. 19, 1970 it became a corporate entity. Macmillan India, 61% owned by the Verlagsgruppe Georg Von Holtzbrinck group of Germany, is involved in publishing, information processing and e-business. Macmillan`s publishing division is involved in publication of school and higher education textbooks, reference books and general titles. Its information processing division is involved in typesetting and originating services.
eMacmillan, its e-business division is involved in online educational portal development, web design, e-commerce and IT solutions. eMacmillan Software Services is involved in software development, multimedia and technical support services and operates a offshore development team in Bangalore. MPS Technologies, a subsidiary of Macmillan, provides publishers with publishing solutions. Macmillan also has partnership with UK-Pindar systems. The company`s main markets are India, North America, the UK and Japan.
Macmillan India had reported a steep drop of 36.69% in net profits for the quarter ended Sep. 2006. During the quarter, the company reported a fall in profits from Rs 83.27 million to Rs 52.72 million. Sales for the quarter rose 9.90% to Rs 283.91 million compared with the corresponding quarter, a year ago. The company had reported a net profit of Rs 409.35 million for the year ended Dec. 31, 2005 as against Rs 433.67 million in Dec. 31, 2004.
Financials
Macmillan India registered a 3.44% growth in net profit to Rs 87.45 million for the quarter ended June 2007 from a profit of Rs 84.54 million for the quarter ended June 2006.
Net sales rose 16.46% to Rs 459.34 million for the quarter ended June 2007 from Rs 394.42 million for the quarter ended June 2006.
Total income rose 17.23% to Rs 474.85 million for the quarter ended June 2007 from Rs 405.07 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 5.20 for the quarter ended June 2007.
Recent Developments
17-DEC-07
Macmillan India announced that the company has completed the acquisition of 80% shareholding of Frank Brothers & Company (Publishers), with an option to acquire the balance shareholding by Mar. 31, 2009 at a mutually agreed valuation.
Future Plans
Macmillan India plans to multiply its franchise, grow earnings and boost capital efficiencies in its core textbook business.