MSTC Ltd

Meeting Details

• Date: August 14, 2026.
• Type/Mode: Earnings conference call, group virtual.
• Event/Organizer: MSTC Q1 FY27 Earnings Conference Call; Moderator: Deep Modi (Equirus Securities).

Participants

• Chairman and Managing Director, MSTC Limited.
• Director (Commercial), MSTC Limited.
• Director (Finance), MSTC Limited.
• Company Secretary, MSTC Limited.

Purpose

• Purpose: Discuss Q1 FY27 results and business highlights; Q&A session.

Availability

• Transcript and audio recording available on MSTC website.

Meeting details

• No meeting details are present in this filing excerpt.

Business overview

• MSTC operates e-commerce auctions for minerals, government blocks, and related assets.
• Exited legacy trading; focus on e-commerce and auctions.
• MMRPL JV posted first positive quarterly profit after years of losses.

Operational highlights

• Q1 2026-27: e-commerce value transacted crossed ₹238.14 bn.
• 4 EL blocks and 10 blocks allocated across mineral auction tranches.
• Agreement with Tamil Nadu Forest Department for sale of 100 MT Red Sanders.
• NRS coal linkage auction for Tranche X for CIL and subsidiaries.
• Selling Agency Agreement with Rashtriya Ispat Nigam Ltd for prime products.
• Karnataka liquor licenses auctioned for Excise Department.
• Land parcels sold for ₹2,259.52 cr for Telangana IT corridor.
• Plan for 15th round coal block auctions with 17 mines.
• Partnered with Kerala State Electricity Board for PM E-DRIVE CPO selection.
• MSTC Travel Portal for B2B ready; exploring B2C upgrade.
• Feasibility study for coal/mineral exchanges; TREDs platform under RBI clearance process.
• ETP for EPR certification developed for CPCB; awaiting go-ahead.

Financial performance

• Total revenue (Consolidated): ₹118.00 cr in Q1 FY2026-27.
• Standalone revenue from operations: ₹94.25 cr; EBITDA: ₹81.49 cr.
• PBT (Standalone): ₹78.53 cr; PAT (Standalone): ₹58.12 cr.
• Consolidated PAT: ₹58.22 cr; EPS: ₹8.27 (Consolidated).
• Depreciation: ₹2.96 cr; Tax expense: ₹20.41 cr.

Capital structure & liquidity

• No material debt or equity actions disclosed in this update.

Strategic outlook & priorities

• Continue expanding e-commerce and government-auction revenues; complete exit from legacy trading.
• Advance coal/mineral exchanges; develop TREDs platform; RBI clearance in progress.
• ETP for EPR certification advanced; CPCB approval awaited.

Governance

• No governance changes disclosed in this update.

Financial highlights

• Standalone total income 11,799.49 Lakhs; revenue from operations 9,423.99 Lakhs; other income 2,375.50 Lakhs.
• Standalone PAT 5,812.03 Lakhs; EPS 8.26; quarter ended 30-Jun-2026.
• Consolidated PAT 5,821.96 Lakhs; Consolidated EPS 8.27.
• Profit before tax: standalone 7,852.74 Lakhs; consolidated 7,862.67 Lakhs.
• Total income (standalone/consolidated) 11,799.49 Lakhs; no exceptional items.
• Marketing division discontinued; segment reporting discontinued from FY2026-27.
• Labour Code gratuity provision 0.12 Lakhs in quarter; cumulative 0.32 Lakhs.

Key disclosures

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Marketing procurement under BG-backed model discontinued; Marketing division ceased FY2026-27.
• Current borrowings ₹14,361.97 Lakhs; SCB receivable purchase.
• Refunds received ₹9,000.00 Lakhs plus ₹534.03 Lakhs interest.
• Other litigation pending; matter sub-judice; results reflect borrowings and trade receivables.
• There were no exceptional items during the quarter.

Appointment of Government Nominee Director

• Appointment: Ms. Santosh appointed Government Nominee Director on MSTC Limited Board, effective 7 August 2026, until further orders.
• Cessation: Sudershan Mendiratta ceased to be Director with effect from 6 August 2026.
• Profile: Ms. Santosh is Statistical Adviser, Ministry of Steel, ISS cadre with 25+ years public administration experience.
• Relationship: Not related to any Director or KMP.
• Debarment: Not debarred by SEBI or other authorities.

Governance update

• MSTC received order for appointment of Ms. Santosh as Government Nominee Director, effective upon DIN allotment.
• Sudershan Mendiratta ceases to be Director with effect from 6 August 2026.
• Appointee Ms. Santosh is Statistical Adviser, Ministry of Steel; not related to Directors or KMP.
• Appointment follows MoS BLA Order No. S-14011/1/2022-BLA dated 06.08.2026.
• Appointed until further orders; further regulatory details to be informed under Regulation 30.

MSTC Ltd board meeting details not disclosed in supplied excerpt