MSTC Ltd is a government-owned enterprise under the Ministry of Steel, primarily engaged in trading and e-commerce services.
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.
“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.
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.
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.
At 2:46 PM on March 11, 2025, MSTC Ltd shares traded 1.36% higher at ₹466.20 per share on the NSE.
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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Published on: Mar 11, 2025, 3:45 PM IST
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