MSTC Limited announced its financial results for the nine months ended December 31, 2025, highlighting a 9.87% rise in Total Revenue to INR 302.67 crore (Standalone). Key business updates include securing a major e-auction agreement with the Shri Mata Vaishno Devi Shrine Board and being selected by CPCB to develop India’s first EPRETP Exchange. The company also achieved significant iron ore sale milestones and secured contracts with HMDA.
MSTC Financial Performance Highlights (9M FY2025-26)
MSTC Limited reported strong operational results for the nine months ending December 31, 2025. Total Revenue across both standalone and consolidated figures grew by 9.87%, reaching INR 302.67 crore against INR 275.47 crore in the corresponding period last year (9M 2024-25).
Standalone Performance
For the standalone entity, EBITDA increased by 9.61% to INR 199.95 crore. Profit/(loss) Before Exceptional Items saw a growth of 9.70%, standing at INR 192.29 crore. However, due to the absence of a large exceptional item recorded in the previous year (INR 273.54 crore in 9M 2024-25), Profit Before Tax declined by 57.16% to INR 192.29 crore.
Consolidated Performance
Consolidated performance mirrored the standalone trend, with Profit/(loss) Before Exceptional Items increasing by 9.75% to INR 187.61 crore. Profit After Tax for the period stood at INR 141.21 crore, reflecting a decline of 57.41% year-on-year, again primarily due to the absence of the exceptional income realized in 9M 2024-25.
The Earnings Per Share (EPS) stood at INR 20.72 (Standalone) and INR 20.06 (Consolidated) for the nine-month period.
Operational Performance & Key Business Updates (Q3)
Operationally, the company crossed a significant milestone, transacting a value of goods worth INR 525.55 billion through its e-commerce and marketing verticals during 9M 2025-26.
Major Business Developments
- Shri Mata Vaishno Devi Shrine Board (SMVDSB): MSTC signed a Selling Agency Agreement to conduct e-auctions/e-sales for Precious Metals, Gems Jewellery, Scrap, Obsolete Items (including e-waste), and E-Auction of ELVs.
- Government Agreements: MSTC signed an open-ended Agreement with the Central Information Commission and the Ministry of AYUSH.
- Iron Ore Sales: On behalf of NMDC Limited, MSTC sold approximately 3.5 million MT of Iron Ore valued at ₹ 1500 Crores in the 3rd Quarter.
- Coal Block Auctions: MSTC received bids for 22 coal blocks during the 13th and 14th rounds of Commercial Coal Block auctions.
- Critical Minerals: Technical bids were received for 17 mines out of 21 put up for sale in Tranche VI of Critical Mineral Auctions.
- HMDA Auction: The company successfully auctioned four prime plots for the Hyderabad Metropolitan Development Authority (HMDA), fetching a total revenue of ₹2,708 crore for HMDA.
- Tamil Nadu Mining: MSTC is set to conduct 13 events for major mineral blocks in Tamil Nadu, involving one limestone block for mining lease and 12 for composite licence.
Way Forward Initiatives
MSTC is progressing on two major technological fronts:
CPCB – EPRETP Exchange
MSTC has been selected by CPCB to develop and operate India’s first Exchange for trading Certificates in the Extended Producer Responsibility (EPRETP) Framework. The live site was launched on January 31, 2026, with actual trading expected by March 31, 2026, positioning MSTC strongly in designing and commissioning trading exchanges.
Centralized Travel Booking Platform
The company is developing a comprehensive Travel Portal tailored for citizens, corporates, and government employees. Key features include seamless booking for flights, hotels, and car rentals, with customized options for government staff. The expected launch timeline is April 1, 2026.
Source: BSE
