Follow

Q1: 2026-05-05 Earnings Summary

EPS of $0.08 beats by $0.08

 | Revenue of $169.03M (4.59% Y/Y) beats by $5.05M

Mistras Group, Inc. (MG) Q1 2026 Earnings Call May 6, 2026 9:00 AM EDT

Company Participants

Thomas Tobolski
Natalia Shuman – CEO, President & Director
Edward Prajzner – Senior Executive VP & CFO

Advertisement

Conference Call Participants

John Franzreb – Sidoti & Company, LLC
Alex Riegel
Gerard Sweeney – ROTH Capital Partners, LLC, Research Division
Gowshihan Sriharan – Singular Research, LLC

Advertisement

Presentation

Operator

Good day, everyone. My name is Danny, and I will be your conference operator today. At this time, I would like to welcome you to MISTRAS Group, Inc. Q1 2026 Earnings Conference Call. [Operator Instructions]

At this time, I would like to turn the call over to Thomas Tobolski, Senior Vice President, Finance and Treasurer. Thank you.

Advertisement

Thomas Tobolski

Good morning, everyone, and welcome to the MISTRAS Group’s First Quarter 2026 Earnings Conference Call. I’m joined today by Natalia Shuman, President and Chief Executive Officer; and Ed Prajzner, Senior Executive Vice President and Chief Financial Officer.

Before we start, I want to remind everyone that remarks made during this conference call as well as supplemental information provided on our website contains certain forward-looking statements and involve risks and uncertainties as described in MISTRAS’ SEC filings. The company’s factors that can cause actual results to differ are discussed in the company’s most recent annual report on Form 10-K and other reports filed with the SEC.

Advertisement

The discussion in this conference call will also include certain non-GAAP financial measures that we believe are useful to investors evaluating the company’s performance, but that were not prepared in accordance with U.S. GAAP. Reconciliation of these non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP financial measures can be found in the tables contained in yesterday’s press release and in the company’s related current report on Form 8-K. These reports are available at the company’s website in the Investors

One 97 Communications, which operates Paytm, reported a net profit of Rs 184 crore in the fourth quarter, compared with a loss of Rs 540 crore in the year-ago quarter. In the year-ago quarter, its results ‌were affected by a one-time expense on charges related ⁠to CEO Vijay Shekhar Sharma giving up his employee stock options.

Revenue from operations rose 18% YoY to Rs 2264 crore.

Paytm’s EBITDA turned positive at Rs 132 crore, against a loss of Rs 88 crore a year ago, although it moderated from Rs 156 crore in the December quarter. EBITDA margin stood at 6%, compared with a negative 5% a year earlier.

The company said its comparable EBITDA, excluding UPI and PIDF incentives, improved by Rs 330 crore YoY, reflecting stronger organic profitability.

The payments business remained the largest contributor, with revenue rising 21% to Rs 1,265 crore in the quarter, while revenue from financial services distribution grew 38% to Rs 750 crore. Marketing services revenue declined 10% to Rs 239 crore.

Merchant payment volumes continued to expand, with gross merchandise value (GMV) rising 27% YoY to Rs 6.5 lakh crore, while subscription merchants, including device merchants, rose to 1.51 crore from 1.24 crore a year ago. Monthly transacting users stood at 7.7 crore, up from 7.2 crore last year.
Contribution profit for the quarter increased 17% to Rs 1,254 crore, while direct expenses rose 20% to Rs 1,010 crore. Indirect expenses declined 3% to Rs 1,122 crore, aided by lower marketing and employee costs. For the full financial year FY26, Paytm posted its first annual profit of Rs 552 crore, compared with a loss of Rs 663 crore in FY25. Annual revenue from operations rose 22% to Rs 8,437 crore, while EBITDA improved to Rs 502 crore from a loss of Rs 1,506 crore last year.

The company ended March with a cash balance of Rs 13,315 crore, up from Rs 12,809 crore a year earlier, giving it a cash addition of over Rs 500 crore during the year.

Management said revenue growth is expected to accelerate in FY27, supported by merchant payment expansion, scaling of its asset-light financial services business, consumer monetisation and AI-led operating leverage.

The Reserve Bank has put in place revised norms for entities dealing in foreign exchange, whereby fresh licences will not be issued to money changers.

The Foreign Exchange Management (Authorised Persons) Regulations, 2026 is aimed at rationalising the authorisation and renewal framework for authorised persons and extend the principal-agent model for delivery of foreign exchange facility while maintaining appropriate checks and balances, the central bank said on Wednesday.

“The Reserve Bank has reviewed the existing framework for authorisation of any person as an Authorised Person under the Foreign Exchange Management Act, 1999, with the objective to rationalise the framework to improve delivery of foreign exchange services as well as easing compliance requirements,” it added.

The norms mandate that all entities must obtain the RBI authorisation to undertake forex transactions and set out revised rules for different categories of authorised dealers.

Under the regulations, applications for fresh authorisation will be considered under three categories.

Banks can apply under AD Category I.
NBFCs and a full-fledged money changer or a forex correspondent functioning for at least two years with an average annual forex turnover of Rs 50 crore in the previous two financial years can apply as AD Category II entities. Certain entities, including those intending to offer innovative products and services that may involve dealing in foreign exchange, will fall under AD Category III.

“Application for fresh authorisation as an FFMC shall not be considered by the Reserve Bank, except those under process as on the date of coming into force of these regulations,” the norms, notified on April 30, said.

Entities seeking authorisation must be companies incorporated under the Companies Act, 2013, and meet minimum net worth requirements specified in the regulations.

Follow

Play Earnings CallPlay Earnings Call

Altus Group Limited (AIF:CA) Shareholder/Analyst Call May 6, 2026 10:00 AM EDT

Company Participants

Raymond Mikulich
Terrie-Lynne Devonish – Chief Legal Officer & Corporate Secretary

Advertisement

Presentation

Raymond Mikulich

Are asked to vote, a voting tab will appear on your webcast platform requesting you to cast your votes. You will only have a limited amount of time to do so. If you’ve already voted, there is no need to vote again. Voting on all matters will be cast on a single electronic ballot. Registered shareholders or duly appointed proxy holders can ask questions during the meeting using the instant messaging function of the webcast.

Please note that there will be a slight delay in the publication of the communications that are received. As we begin the business of the meeting, I ask Terrie-Lynne Devonish, the company’s Chief Legal Officer and Corporate Secretary, to start with an important notice and a reminder.

Advertisement

Terrie-Lynne Devonish
Chief Legal Officer & Corporate Secretary

Thank you, Mr. Chair. The statements made during this meeting, which are not historical facts, are statements containing forward-looking information in respect of which various factors and assumptions were applied or taken into consideration. Our actual results could differ materially as a result of numerous risks and uncertainties, and reference should be made to our annual information form and most recent management discussion and analysis for a discussion of these and related risks.

With that, I’ll turn the meeting back to the Chair.

Advertisement

Raymond Mikulich

Thank you, Terrie. I will now officially call this meeting to order, and we’ll start by addressing a few procedural matters. With the consent of the shareholders, I will act as Chair of this meeting. Terrie-Lynne Devonish will act as the Secretary and TSX Trust Company, our transfer agent, by its representatives, will act as the scrutineer of the voting. We will be dealing with a

Advertisement