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.
Commodity Trading & Distribution firm MSTC announced Q1FY23 Result : During the Q1 2022-23 the Company crossed INR 237.63 bn in terms of value of goods transacted through its marketing and e-commerce verticals which is 35.87% decrease over the value of goods traded in Q1 2021-22 Revenues of INR 19481.83 Lakhs in Q1 2022-23 vis-à-vis revenues of INR 26868.74 Lakhs in Q1 2021-22; decrease of 27.49%, largely driven by 90.91 % fall in marketing business . PBT of INR 8053.62 Lakhs in Q1 2022-23 vis-à-vis INR 5380.83 in Q1 2021-22; increase of 49.67%. Result PDF
MSTC declares Q4FY22 result: During the 2021-22, the Company crossed INR 1348.04 bn in terms of value of goods transacted through its marketing and e-commerce verticals which is 4.51 % increase over the value of goods traded in 2020-21 . Revenues of INR 112332.65 Lakhs in 2021-22 vis-à-vis revenues of INR 99407.90 Lakhs in 2020-21; increase of 13.00%, largely driven by 32.91 % growth in e-commerce business . PBT of INR 23293.73 Lakhs in 2021-22 vis-à-vis INR 13588.39 in 2020-21; increase of 71.42%. Record sale of Iron Ore and Coal through e-auction, during F.Y 2021-22 Auction of decommissioned power plant (2x120 MW) along with unserviceable spares of KTPS Korba East, Chhattisgarh State Power Generation Company Limited. Successful Sale of Gypsum through e-Auction for the first time. e-Auction of Inventory Items Scooters India Limited as per DPE guidelines and instructions. e-Auctions on behalf of HMDA for sale of plots for Government of Telengana. For the first time The Department of Prohibition and Excise, Bihar, appointed MSTC for selling of confiscated vehicles through e-auction. In the first phase of auction, MSTC has successfully conducted e-auctions on behalf of SDO Patna Sadar. MSTC had successfully conducted e-auction of Pond Ash for the first time for NTPC across the country. Accumulation of Fly Ash / Pond Ash , has serious impact on the environment. MSTC has successfully conducted auction for allocation of Major Mineral Blocks on behalf of Govt. of MP and Maharashtra. MSTC has been ranked at 362 in 2022 ‘Listing and Ranking’ of Fortune 500, India edition as well as ranked at 906 in 2022 ‘Listing and Ranking’ in FE 1000 (Financial Express). Result PDF