Manipal Payment and Identity Solutions
Latest, :
What it means
Manipal Payment and Identity Solutions' sales held but its profit did not; the repair runs through merchant and distribution fees.
Reported: Revenue +5.6% YoY but net profit −10.2% in FY26.
- Affected
- Manipal Payment and Identity Solutions' bank, lender and insurer partners — first in line for cost cutsDo now: expect it to ask for lower prices after that fall in net profit; tie any cut to volume.
up 5.6% YoY
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 6 stories, the newest dated 18 Sept 2026. Summary written 3 Oct 2026.
Manipal Payment and Identity Solutions is an Indian payment-card and identity-solutions provider.[1] source: CNBC-TV18
Show 3 more paragraphs and 6 sources
Its offerings include payment-card, QR, NFC, wearable and digital-automation products for banks, fintechs and government clients.[2] source: Outlook Business Payment cards account for about 57% of revenue.[3] source: CNBC-TV18 Its FY26 revenue was Rs 1,326.8 crore, up 5.6%, and its FY26 profit was Rs 253.5 crore, down 10.2%.[4] source: Business Today
The company opened its ₹805 crore IPO on September 9, 2026, with subscriptions closing September 11.[5] source: Financial Express The issue combined a ₹320 crore fresh issue and a ₹485 crore OFS, at a price band of ₹322-339 per share.[1] source: CNBC-TV18 It was subscribed 1.42 times.[1] source: CNBC-TV18 Shares listed on September 17 at ₹330 on NSE, 2.65% below the ₹339 issue price.[6] source: Mint Of the fresh proceeds, ₹238.4 crore is for equipment across Indian facilities.[1] source: CNBC-TV18
After its muted listing, the company plans to shift revenue toward exports, metal cards, RFID tags and tax stamps.[3] source: CNBC-TV18 It targets growth businesses at 70-80% of revenue within two years, and exports at 25-30% of revenue within 2-3 years, from about 7.5%.[3] source: CNBC-TV18 Its top 10 customers account for about 59% of revenue.[3] source: CNBC-TV18
Sources
Questions about Manipal Payment and Identity Solutions
How fast is Manipal Payment and Identity Solutions growing in India?
Manipal Payment and Identity Solutions reported FY26 revenue of Rs 1,326.8 crore, up 5.6%, while its FY26 profit was Rs 253.5 crore, down 10.2%.[4] source: Business Today
What is Manipal Payment and Identity Solutions' current strategy in India?
In September 2026, Manipal Payment and Identity Solutions said it plans to shift revenue toward exports, metal cards, RFID tags and tax stamps.[3] source: CNBC-TV18 The same month, it said ₹238.4 crore of its IPO proceeds would fund equipment across Indian facilities.[1] source: CNBC-TV18
Stories that mention Manipal Payment and Identity Solutions
2 stories
Manipal Payment and Identity Solutions is named in these stories but is not their subject.