MSTC Limited announced its Q1 FY27 results, showcasing robust growth with revenue from operations reaching ₹94.25 crore, a 22% increase year-on-year. The company reported its highest-ever Q1 e-commerce revenue of ₹89.49 crore, alongside record Q1 Profit Before Tax (PBT) and Profit After Tax (PAT). This performance reflects the company’s successful transition towards a digital solutions provider, exiting its legacy trading segment.
MSTC Reports Strong Q1 FY27 Performance Driven by E-commerce Growth
MSTC Limited has announced a stellar performance for the first quarter of the financial year 2026-27 (Q1 FY27), demonstrating significant year-on-year growth across key financial metrics. The company’s revenue from operations for the quarter stood at ₹94.25 crore, marking a substantial increase of nearly 22% compared to the corresponding period last year. This growth is largely attributed to a record-breaking Q1 e-commerce revenue of ₹89.49 crore, the highest since the company’s listing in March 2019.
Record Profitability and Strategic Shift
The company’s profitability also saw a marked improvement. EBITDA percentage of total income reached 69.05%, an increase of approximately 3% year-on-year. This financial strength translated into the highest-ever Q1 PBT and PAT since the company’s listing. MSTC has been systematically identifying strengths and exploring new growth avenues, including digital solutions, while strategically exiting legacy segments. The company has completed its exit from the trading and marketing segment, focusing on becoming a digital solutions provider.
New Verticals and Joint Venture Performance
MSTC is actively developing new e-commerce application platforms, including an electronic trading platform for EPR certificates and a travel portal at mstcsmarttravel.in, with a B2B segment already operational. Development of a trade receivables discounting system is also underway, targeting operationalization in FY27, pending regulatory approvals. Furthermore, the joint venture with Mahindra, MMRPL, has shown significant positive momentum, achieving a positive PAT for the first time in several reporting periods, driven by increased feedstock inflows.
Business Highlights and Future Outlook
Key business highlights for Q1 FY27 include continued services for minor and major mineral block sales, successful allocation of exploration license blocks, and an agreement for the sale of Red sandalwood. MSTC also secured a contract with Coal India for coal linkage auctions and conducted a niche auction for Rashtriya Ispat Nigam Limited. A notable first for the quarter was the auction for liquor licenses for the government of Karnataka. The company is also exploring the establishment of its own coal and mineral exchanges and is awaiting regulatory clearances for the TREDS platform. Looking ahead, MSTC aims to maintain a double-digit growth trajectory and expand its presence in the private sector.
Source: BSE
