ALFA Finder| Revenue growth | Standalone total revenue +31.25% in H1 FY27 |
|---|---|
| Margins | EBITDA ₹184.55 Cr, ~71.7% of total revenue |
| Demand visibility | Govt auctions: Karnataka liquor licences, Hyderabad land, ONGC rig, coal, minerals |
Growth
Standalone total revenue ₹257.20 Cr (+31.25%); operating revenue ₹204.26 Cr (+25.75%). Consolidated PAT ₹133.13 Cr (+48.19%).
Outlook
No quantified guidance. Evaluating coal and mineral exchanges; B2C travel portal; TReDS platform awaiting RBI clearance.
Risks
Other income ₹52.94 Cr (+57.89%) is ~21% of revenue; expenses up 12.78%, employee cost up 11.97%.
Last quarter's promises, checked
Delivered
- Guided double-digit growth → H1 standalone revenue +31.25%, op. revenue +25.75% (= BEAT)
- Guided legacy trading exit closed in Q1 → H1 'legacy trading exit completed' (= BEAT)
- Guided JV to keep positive PAT → H1 JV turned profitable (= BEAT)
Partly delivered
- Guided coal/mineral exchange update 'after a couple of quarters' → still 'evaluating' (= PARTIAL)
- Guided EPR portal go-ahead 'hopefully' → no go-live in H1 results (= PARTIAL)
Missed
- Guided TReDS live 'in next few months' → still awaiting RBI clearance (= MISS)
- Guided B2C travel rollout 'shortly' after IATA → still listed as future, not launched (= MISS)
Investor Presentation filed with BSE, 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 Earnings Call Transcript: Key Takeaways
MSTC reported its highest-ever Q2 and H1 numbers since listing, driven by scrap price hardening and higher iron ore volumes.
- Call
- Guides 10% growth
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.