MSTC Receives Work Order From Coal India

MSTC Ltd is a government-owned enterprise under the Ministry of Steel, primarily engaged in trading and e-commerce services.

Order Details

On March 10, 2025, MSTC Ltd announced that it has been awarded a work order from Coal India Limited (CIL) to serve as the exclusive e-auction service provider for coal and coal products. This prestigious contract, spanning 2 years, will enable the digital auctioning of coal across CIL and its subsidiaries.

MSTC Statement

“We are pleased to inform that MSTC Limited has received a work order from Coal India Limited for engagement as an E-auction Service Provider, facilitating the e-auction of coal and coal products for CIL and its subsidiaries for the next two years.” said in filings.

Financial Performance in Q3 FY25

MSTC delivered an exceptional financial performance in the Q3 FY25, registering a massive 506.04% year-on-year (YoY) surge in net profit, reaching ₹250.9 crore. This is a remarkable increase from the ₹41.4 crore reported in the corresponding quarter of the previous fiscal year.

The profit boost was largely driven by an exceptional gain of ₹275.5 crore, a stark contrast to the ₹1.9 crore loss recorded in Q3 FY24.

Robust Revenue and Strong EBITDA Growth

MSTC’s revenue from operations saw a healthy 12.8% rise, climbing to ₹81.1 crore from ₹71.9 crore in the same quarter last year.

At the operating level, the company’s EBITDA surged 18.5% to ₹48.7 crore, compared to ₹41.1 crore in Q3FY24. The EBITDA margin also expanded impressively to 60.1%, up from 57.2% in the corresponding period of the previous fiscal year.

Share Price Performance 

At 2:46 PM on March 11, 2025, MSTC Ltd shares traded 1.36% higher at ₹466.20 per share on the NSE.

Conclusion

This two-year contract strengthens MSTC Ltd’s position as a leading e-auction service provider, reinforcing its role in the digital transformation of coal trading for Coal India Ltd and its subsidiaries.

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