MSTC Ltd on Thursday (May 29) reported a rise in revenue and margins but a steep drop in its fourth quarter net profit. The state-owned company’s net profit came in at ₹75.5 crore, down 70% year-on-year (YoY) from ₹251 crore in Q4FY24.
Revenue from operations increased 9.9% to ₹89 crore against ₹81 crore in the corresponding period of the preceding fiscal.
At the operating level, Q4 EBITDA grew 11.7% to ₹54.6 crore over ₹48.9 crore a year ago. The EBITDA margin expanded 100 bps to 61.36% in the reporting quarter from 60.3%.
Also Read: MSTC bags Coal India contract for e-auction services
During financial year 2024-25, MSTC achieved a milestone by transacting goods worth ₹89,823 crore through its e-commerce and marketing verticals. As part of its exceptional items for the year, the company reported the transfer of management control of its wholly-owned subsidiary, Ferro Scrap Nigam Limited (FSNL), on January 21, 2025. This transaction brought in ₹320 crore as sale proceeds.
The appreciation in the value of this investment amounted to ₹301.69 crore, calculated as the difference between the sale proceeds and the book value of the investment (₹15.81 crore) and transaction cost (₹2.50 crore). This was recorded as exceptional income.
On the expenditure side, MSTC incurred ₹38.50 crore due to the settlement of an old litigation related to an arbitration award. After accounting for both the income and expenditure, the net exceptional income for the year stood at ₹263.19 crore.
Also Read: E-commerce firm MSTC gets ₹105.55-crore income tax demand
The results came after the close of the market hours. Shares of MSTC Ltd ended at ₹563.45, up by ₹21.10, or 3.89%, on the BSE.
(Edited by : Shoma Bhattacharjee)
First Published:Â May 29, 2025 8:06 PM IST
