ALFA Finder
The call ran from 11:01 AM to 12:04 PM IST (1 h 3 min).
Key takeaways
MSTC reported its highest-ever Q2 and H1 numbers since listing, driven by scrap price hardening and higher iron ore volumes.
| 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)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
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
What management said last time
Full summary →From the call summary published .
Outlook they gave
Launching TReDS and EPR certificate trading platforms in FY27. Management aims to sustain double-digit growth and remains asset-light.
Growth they described
Revenue from operations rose 22% YoY to ₹94.25 Cr. EBITDA grew 32% to ₹81.49 Cr with margins improving to 69.05%. Consolidated PAT stood at ₹58.22 Cr.
Call details
| Company | Mstc Limited |
|---|---|
| NSE symbol | MSTCLTD |
| ISIN | INE255X01014 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h 3 min |
| Audio | Our stream on YouTube ↗ |
Mstc Limited: 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.
Other calls on Fri, 13 Nov
Today's concalls →
