Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 and 33 of SEBI LODR

Audit Opinion:

The Limited Review Report issued by the Statutory Auditors, Mookherjee Biswas & Pathak, is an unmodified opinion. The auditors stated that nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Key Financial Highlights [Amount in ₹ Lakhs]

Standalone Results:

For the Quarter ended 30th Sept 2026:

  • Revenue from Operations: ₹11,002.36 Lakhs (vs ₹8,500.60 Lakhs in Q2 FY26 - Up 29.4% YoY)
  • Total Income: ₹13,921.14 Lakhs
  • Net Profit: ₹7,460.56 Lakhs (vs ₹4,914.90 Lakhs in Q2 FY26 - Up 51.8% YoY)
  • EPS: ₹10.59 (not annualized)

For the Half Year ended 30th Sept 2026:

  • Revenue from Operations: ₹20,426.35 Lakhs (vs ₹16,243.22 Lakhs in H1 FY26 - Up 25.8% YoY)
  • Total Income: ₹25,720.63 Lakhs
  • Net Profit: ₹13,272.59 Lakhs (vs ₹9,347.21 Lakhs in H1 FY26 - Up 42.0% YoY)
  • EPS: ₹18.85 (not annualized)
  • Other Equity: ₹92,604.94 Lakhs (vs ₹85,015.40 Lakhs as of 31st March 2026)
  • Cash and Cash Equivalents: ₹1,16,484.63 Lakhs (vs ₹55,372.35 Lakhs as of 31st March 2026)
  • Debt: Current Borrowings include ₹14,500.20 Lakhs, which includes ₹14,361.97 Lakhs related to the Standard Chartered Bank matter.

Consolidated Results:

For the Quarter ended 30th Sept 2026:

  • Revenue from Operations: ₹11,002.36 Lakhs
  • Total Income: ₹13,921.14 Lakhs
  • Net Profit: ₹7,491.89 Lakhs (includes share of profit from Joint Venture: ₹31.33 Lakhs)
  • EPS: ₹10.64 (not annualized)

For the Half Year ended 30th Sept 2026:

  • Revenue from Operations: ₹20,426.35 Lakhs
  • Total Income: ₹25,720.63 Lakhs
  • Net Profit: ₹13,313.85 Lakhs (includes share of profit from Joint Venture: ₹41.26 Lakhs)
  • EPS: ₹18.91 (not annualized)
  • Other Equity: ₹90,985.28 Lakhs

Segment-wise Performance:

Segmental Reporting has been discontinued w.e.f. FY 2026-27 as the Marketing business (procurement under BG backed model) was discontinued following a Board decision on 12.11.2025.

Corporate Actions:

Not Specified

Other Significant Information:

  • Standard Chartered Bank (SCB) Matter: Current Borrowings include ₹14,361.97 Lakhs related to a disputed amount from SCB concerning export bills from 2008-09. The Debt Recovery Appellate Tribunal (DRAT), Mumbai set aside an interim order against MSTC on 07.08.2023, and recovery proceedings have been dropped. MSTC received a refund of ₹9,000.00 Lakhs (pre-deposit) plus interest of ₹534.03 Lakhs. Various legal proceedings remain pending in the Bombay High Court and Civil Court at Alipore, Kolkata. The matter is sub-judice and contingent.
  • Marketing Business Discontinuation: The procurement business under the BG-backed model of the Marketing division was discontinued effective FY 2026-27.
  • Joint Venture: The consolidated results include the company's share of net profit after tax (₹41.26 Lakhs) and total comprehensive income (₹0.97 Lakhs) from its joint venture, Mahindra MSTC Recycling Private Limited, for the half year ended September 30, 2026.