MSTC Ltd's Q3FY25 Quarterly Results

Result Summary

• MSTC Ltd reported a 3.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 52.9%.
• Its expenses for the quarter were up by 0.1% QoQ and down 73.0% YoY.
• The net profit increased 344.8% QoQ and increased 402.0% YoY.
• The earnings per share (EPS) of MSTC Ltd stood at 35.6 during Q3FY25.

Financial Statments for Q3FY25

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 engaged in providing trading services and e-commerce solutions. The company operates primarily in three segments: e-commerce, trading, and recycling. MSTC is known for its involvement in the facilitation of e-auctions and e-procurement services across various sectors, including government and private entities. The company has been leveraging its expertise in technology to streamline and enhance the efficiency of its service offerings. While the financial data provided does not include specific recent developments, MSTC's business model continues to focus on its core competencies in trading and e-commerce solutions.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), MSTC Ltd reported a total income of ₹96.20 crores. This represents a quarter-over-quarter (QoQ) increase of 3.1% from ₹93.27 crores in the second quarter of fiscal year 2025 (Q2FY25). However, there is a significant year-over-year (YoY) decline of 52.9% compared to ₹204.42 crores in the third quarter of fiscal year 2024 (Q3FY24). The decline in total income on a YoY basis could be attributable to various market factors, but no specific reasons are provided in the data. The modest QoQ growth indicates some level of recovery or stability in revenue generation during this period.

Profitability

MSTC Ltd's profitability saw a remarkable increase in Q3FY25, with Profit Before Tax (PBT) amounting to ₹337.33 crores, a substantial rise from ₹57.02 crores in Q2FY25, marking a 491.6% QoQ increase. Compared to Q3FY24, where PBT was ₹77.10 crores, there is a significant YoY rise of 337.5%. The Profit After Tax (PAT) for Q3FY25 is reported at ₹250.85 crores, reflecting a 344.8% increase QoQ from ₹56.39 crores in Q2FY25 and a 402.0% increase YoY from ₹49.97 crores in Q3FY24. These figures highlight a notable improvement in the company's profitability metrics over both periods.

Operating Metrics

The company's operational performance for Q3FY25 is underscored by total expenses of ₹34.35 crores, which remain relatively stable with a slight QoQ increase of 0.1% from ₹34.31 crores in Q2FY25. Compared to Q3FY24, expenses have decreased by 73.0% from ₹127.31 crores, indicating a significant reduction in operational costs YoY. Earnings Per Share (EPS) for Q3FY25 stands at ₹35.60, showing an increase of 345.0% QoQ from ₹8.00 in Q2FY25, and a 401.4% rise YoY from ₹7.10 in Q3FY24. The tax expense for Q3FY25 is ₹84.90 crores, up 506.4% QoQ from ₹14.00 crores in Q2FY25, and a 241.6% increase YoY from ₹24.85 crores in Q3FY24. These metrics reflect significant changes in operational costs and earnings efficiency during the reported period.