MSTC's Q2 FY 2025-26 Quarterly Results

Result Summary

• MSTC Ltd reported a 9.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.7%.
• Its expenses for the quarter were up by 6.2% QoQ and 5.3% YoY.
• The net profit increased 12.2% QoQ and decreased 15.8% YoY.
• The earnings per share (EPS) of MSTC Ltd stood at 6.75 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

MSTC Ltd is a prominent public sector enterprise in India, primarily engaged in the business of e-commerce, trading, and recycling. The company operates in diverse sectors, including the sale of ferrous and non-ferrous scrap, as well as providing e-auction platforms for various commodities and services. MSTC has been instrumental in offering transparent and efficient auction services, which are widely utilized across government sectors. The company's recycling business, under the brand "MSTC Recycling," focuses on environmentally friendly processing of electronic waste and other recyclable materials. As of the latest available information, MSTC has been actively working on expanding its e-commerce and recycling operations. However, further detailed insights into recent major developments specific to MSTC Ltd are not available at this moment.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), MSTC Ltd reported a total income of ₹102.30 crores. This marks an increase from both the previous quarter (Q1FY26) and the corresponding quarter of the previous year (Q2FY25), with total income in Q1FY26 and Q2FY25 being ₹93.66 crores and ₹93.27 crores respectively. The quarter-over-quarter (QoQ) growth in total income stood at 9.2%, while the year-over-year (YoY) growth was 9.7%. This consistent growth in revenue highlights the company's ability to enhance its revenue streams over the period in consideration.

Profitability

MSTC Ltd's profitability metrics show notable changes over the reviewed periods. The company recorded a profit before tax of ₹66.16 crores in Q2FY26, an increase from ₹59.63 crores in Q1FY26 and ₹57.02 crores in Q2FY25. The QoQ growth in profit before tax was 11.0%, accompanied by a YoY increase of 16.0%. Tax expenses for Q2FY26 were ₹17.01 crores, up from ₹15.31 crores in Q1FY26 and ₹14.00 crores in Q2FY25, reflecting an 11.1% QoQ rise and a 21.5% YoY rise. Despite these increases, the profit after tax for Q2FY26 was ₹47.50 crores, which, although higher than the preceding quarter's ₹42.34 crores, was lower than the ₹56.39 crores reported in Q2FY25, reflecting a YoY decline of 15.8%.

Operating Metrics

Key operating metrics for MSTC Ltd include earnings per share (EPS), which was recorded at ₹6.75 in Q2FY26. This represents an improvement from the ₹6.01 EPS in Q1FY26, showing a QoQ growth of 12.3%. However, when compared to Q2FY25's EPS of ₹8.01, there is a YoY decline of 15.7%. The total expenses of the company were ₹36.14 crores in Q2FY26, which increased from ₹34.03 crores in Q1FY26 and ₹34.31 crores in Q2FY25. The expenses rose by 6.2% QoQ and 5.3% YoY. These financial figures provide insights into MSTC Ltd's operational efficiency and cost management over the specified periods.