Event Type and Details

  • MSTC Limited conducted a Q1 FY27 earnings conference call with investors and analysts on Friday, 14th August, 2026 at 11:30 AM.
  • The call was moderated by Mr. Deep Modi from Equirus Securities Pvt. Ltd.

Management Participants

  • Mr. Manobendra Ghoshal – Chairman and Managing Director
  • Ms. Bhanu Kumar – Director (Commercial)
  • Mr. Subrata Sarkar – Director (Finance)
  • Mr. Ajay Kumar Rai – Company Secretary & Compliance Officer

Financial Performance Highlights

  • Revenue from operations: Rs. 94.25 crores (22% YoY increase)
  • E-commerce revenue: Rs. 89.49 crores (highest ever Q1)
  • EBITDA: Rs. 81.49 crores (69.05% of total income, 32% YoY growth)
  • PBT: Rs. 78.53 crores (31.7% YoY growth)
  • PAT: Rs. 58.12 crores (31.14% YoY growth)
  • EPS: Rs. 8.26
  • Consolidated PAT: Rs. 58.22 crores (37.51% YoY growth)

Business Updates and Strategic Initiatives

  • Company completely exited from trading and marketing segment (110% BG model)
  • Developed electronic trading platform for EPR certificates - complete and awaiting government notification for operationalization
  • Developing MSTC travel portal (mstcsmarttravel.in) - operational for B2B, B2C rollout planned after IATA empanelment
  • Trade receivables discounting system (TReDS) platform under development - awaiting RBI approvals
  • Joint venture with Mahindra (MMRPL) showed positive PAT for first time in several quarters

Operational Highlights

  • Continued services for sale of minor and major mineral blocks nationwide
  • Agreement with Tamil Nadu Forest Department for sale of 100 tons Red sandalwood via international competitive bidding
  • Coal linkage auctions contract with Coal India - first batch underway
  • Niche auction for Rashtriya Ispat Nigam Limited for process scrap
  • Liquor license auctions for Government of Karnataka
  • Land parcel auctions for Telangana state entities
  • Selection of charge point operators for Kerala State Electricity Board

Compliance Statement

  • The transcript is being submitted for compliance under SEBI (Listing and Disclosure Requirements) Regulations, 2015
  • Audio recording available on company website https://www.mstcindia.co.in
  • Contains forward-looking statements with appropriate disclaimers about risks and uncertainties

Additional Notes Section

  • The document includes the full transcript of the conference call with detailed Q&A session
  • The company highlighted its transition from canalizing agency to digital solutions provider
  • Management emphasized maintaining double-digit growth and asset-light business model
  • Detailed financial breakdown provided including segmental performance