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. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Total Revenue (Consolidated): ₹77 crores, up 12% YoY from ₹86 crores in Q1 FY25; sharply down 72.9% QoQ (Q4 FY25: ₹345.96 crores).
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Profit Before Tax (PBT): ₹57.65 crores, up 8.2% YoY from ₹53.28 crores; down 44.8% QoQ (Q4 FY25: ₹107.99 crores).
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Profit After Tax (PAT): ₹42.34 crores, up 7.69% YoY from ₹39.26 crores; down 12.6% QoQ (Q4 FY25: ₹48.45 crores).
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Earnings Per Share (EPS): ₹6.01, up 7.71% YoY from ₹5.58; down 13% QoQ (Q4 FY25: ₹6.90).
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Total Expenses: ₹36 crores, down 72.9% QoQ and 12.5% YoY.
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Value of Goods Transacted: ₹140.88 billion via e-commerce and marketing verticals in Q1 FY26.
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Business Segments: E-commerce contributed ₹70.03 crores (up 13.78% YoY); marketing ₹0.36 crores (up 63.64% YoY).
Key Management Commentary & Strategic Highlights
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Management highlighted steady double-digit growth led by the e-commerce segment; government contracting remains dominant, but private sector focus is increasing with digital initiatives.
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Coal India’s auctions returned, contributing incremental revenue in Q1.
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The Upkaran portal launched for equipment leasing/procurement, while defense scrap disposal deals were renewed.
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Joint venture with Mahindra remains loss-making but is expected to turn with EPR policy implementation.
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Management expects steady, not exponential, growth in e-commerce driven by new initiatives, disciplined cost management, and improved digital infrastructure.
Q4 FY25 Results
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Total Revenue: ₹89 crores.
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Profit After Tax (PAT): ₹76 crores.
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EPS: ₹10.73.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.