ALFA Finder| Management target | Revenue 10.0% |
|---|
| Revenue growth | 25% YoY growth in H1 operations revenue. |
|---|---|
| Margins | EBITDA margins healthy at 71.75% for H1 FY27. |
| Demand visibility | Strong visibility in scrap and mineral auctions. |
| Management confidence | Confident, highlighting 'highest ever' post-listing performance. |
Growth
Revenue from operations grew 25% YoY in H1; consolidated PAT surged 48% YoY to ₹133 Cr.
Outlook
Management aspires for double-digit growth (10-20%) consistently over the next few years.
Risks
Potential migration of coal auction volumes to the proposed National Coal Exchange could impact MSTC's core revenue stream.
Last quarter's promises, checked
Delivered
- Guided double-digit growth → Q1 revenue +22%, H1 +25% YoY (= BEAT)
- Endeavour avg EBITDA margin 61-64% (analyst-cited, mgmt endorsed) → H1 EBITDA margin 71.75% (= BEAT)
Partly delivered
- TReDS live in 'next few months'/FY27 → RBI in-principle approval; launch pending (= PARTIAL)
- B2C travel rollout 'shortly' → only B2B clients reported (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: MSTCLTD. Summary written with AI assistance from the document.
MSTC Ltd: key numbers
- Share price
- ₹783.35
- Market cap
- ₹5,515 Cr
- Revenue (annual)
- ₹369.7 Cr
- Net profit (annual)
- ₹218.4 Cr
- P/E (TTM)
- 21.1×Sector 47.0×
- Promoter holding
- 64.75%+0.00% QoQ
- FII holding
- 5.03%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from MSTC Ltd
All →MSTC Investor Presentation: Key Takeaways
H1 FY27 standalone PAT ₹132.72 Cr (+41.99%), EBITDA ₹184.55 Cr (+41.19%), record Q2 PAT ₹74.60 Cr. Legacy trading exit completed; e-commerce GMV crossed ₹545.80 bn.
MSTC Q2 FY27 Results: Net Profit ₹74.9 Cr, Up 57.7% YoY
MSTC Ltd reported revenue from operations of ₹110 Cr (+29.4% YoY) and net profit of ₹74.9 Cr (+57.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹74.9 Cr · +57.7% YoY
MSTC Board Meeting Date
MSTC Limited has given prior intimation of a board meeting on 12 November 2026 to consider unaudited standalone and consolidated half-yearly results for September 2026. The trading window is closed from 01 October to 14 November 2026.
MSTC Management Change
MSTC's CMD Manobendra Ghoshal gets additional charge of Director (Commercial) for three months from 1 November 2026. This interim government-ordered arrangement fills a senior post vacancy.
- Execution
- 03 months, w.e.f. 01.11.2026 to 31.01.2027, or until a regular incumbent joins or further orders
MSTC Other Announcement
The company submitted its quarterly shareholding pattern under Regulation 31(1)(b) of SEBI LODR Regulations for the quarter ended September 30, 2026.
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.