MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India.
Financial Results:
- MSTC Ltd reported Revenues for Q2FY24 of ₹188.00 Crores up from ₹175.00 Crore year on year, a rise of 7.43%.
- Total Expenses for Q2FY24 of ₹133.00 Crores down from ₹195.00 Crores year on year, a fall of 31.79%.
- Consolidated Net Profit of ₹55.00 Crores down 14.06% from ₹64.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹7.86, down 13.05% from ₹9.04 in the same quarter of the previous year.