Commodity Trading & Distribution company MSTC announced FY24 results: During the 2023-24, the Company crossed Rs 1,415.86 billion in terms of value of goods transacted through its marketing and e-commerce verticals. Revenues of Rs 961.37 crore in 2023-24 vis-à-vis revenues of Rs 879.17 crore in 2022-23 ; increased by 9.35%. PBT of Rs 340.18 crore in 2023-24 vis-à-vis Rs 329.18 crore in 2022-23 ; increased by 3.34% 20 Coal Mine blocks have been successfully allotted through auction for commercial mining in FY24. Major Mineral Block auction process has been launched in Uttarakhand. MoU has been signed with the Government of Bihar for e-auction of major mineral blocks in the State. 92 Major Mineral blocks have been successfully allotted through auctions for various States in FY24. MSTC has developed the bidding portal for auction for leasing Critical Mineral Blocks. 6 (six) blocks of critical minerals have been auctioned successfully in FY24. In FY24, 10,815 Nos. of NPAs from various banks have been sold through auctions. Result PDF
Conference Call with MSTC Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.