Today was a particularly exciting day for MPS as they announced their Q3 results along with a second interim dividend of Rs 10 per share. They also passed an enabling resolution to issue securities for QIP upto 150 crores, The market, keeping in line with its eccentric reputation lived up to it by dropping the…
Read MoreMPS Q3 FY14 – Lessons in Marginal Costing
Very often reputed companies get so burdened with their own ego and comfort zones that they begin to choke their margins unknowingly and if not rescued in time, die ! Some however meet people like Nishith Arora who not only bring these companies back to life, but make them super healthy. MPS has had…
Read MoreMPS Ltd – Updates Dec 2013
UPDATES – DEC 2013 MPS has relocated a 400 staff to Dehradun and has a capacity of 1000 people without additional CAPEX. The cost arbitrage has already begun to kick in as this will be the centre for most of the new hires. There is no CAPEX required for the foreseeable future. R&D expenses on…
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