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Earnings Call

MSTC Earnings Call: Key Takeaways

MSTC achieved record revenue of ₹359.33cr (highest in 4 years) in FY26. Company is transitioning from trading to a pure-play e-commerce/platform model with new EPR and travel portals.

Highlights
Revenue growth₹359.33cr (highest in 4 years), up from ₹260.04cr.
MarginsEBITDA margins maintained despite competition and scaling challenges.
Order bookRecent order for Coal India linkage auctions through competitive bidding.
Demand visibilityPositive traction in ELV scrappage and mineral block auctions.
Management confidenceHigh on e-commerce transition and new digital verticals.

Growth

PAT (excl. exceptions) rose 23% YoY to ₹221.69cr; EBITDA up 18.2% to ₹307.49cr. Gross value transacted: ₹797.37bn.

Outlook

Targeting double-digit organic growth; launching 'MSTC Smart Travel' B2B portal and EPR trading platform in FY27.

Risks

Global macroeconomic uncertainty, competition in e-auction space, and potential impact of a new national coal exchange.

Source

Earnings Call filed with NSE, NSE: MSTCLTD. Summary written with AI assistance from the document.

Read the document ↗

MSTC Ltd: key numbers

Share price
₹740.80
Market cap
₹5,215 Cr
Revenue (annual)
₹369.7 Cr
Net profit (annual)
₹218.4 Cr
P/E (TTM)
22.3×Sector 41.4×
Promoter holding
64.75%+0.00% QoQ
FII holding
4.91%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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MSTC Annual General Meeting

MSTC Limited filed the proceedings of its 61st AGM held on 24 September 2026. Shareholders approved financials, dividends and director re-appointments.

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