Q1 2025 MSTC Ltd Earnings Call Transcript
Key Points
- MSTC Ltd (BOM:542597) reported a steady increase in overall revenue and PBT on a consolidated basis.
- The company saw a 15% year-on-year increase in business volume, excluding e-procurement.
- The shift to the new tax regime has reduced the total tax impact, keeping PAT almost at similar levels year-on-year.
- MSTC Ltd (BOM:542597) successfully developed and launched the Steel Import Management System version 2.0 in just two months.
- The company has developed a new portal for timber auctions in Chhattisgarh, which is expected to significantly impact the digital transformation of forest produce auctions.
- Total operating revenue on a stand-alone basis dropped by about 15% year-on-year, mainly due to a decline in the e-commerce segment.
- Income from marketing and other income remained flat, contributing to lower PBT.
- The departure of Coal India Limited as a major client has significantly impacted MSTC Ltd (BOM:542597)'s revenue stream.
- EBITDA decreased from INR72.27 crore to INR56.87 crore, and PBT from INR70.56 crore to INR54.48 crore.
- Profit after tax (PAT) decreased from INR44.57 crore to INR41.46 crore, and EPS dropped from INR6.33 to INR5.75.
Ladies and gentlemen, good day and welcome to MSTC Limited Q1 FY25 conference call hosted by Equirus Securities. (Operator Instructions)
Please note that this conference has been recorded. I now hand the conference over to Mr. Deep Modi from Equirus Securities. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone. On behalf of Equirus Securities, I welcome all to Q1 FY25 earnings conference call of MSTC Limited. From the management we have with us today, Mr. Manobendra Ghoshal, Chairman and Managing Director; Mr. Subrata Sarkar, Director of Finance, and Mr. Ajay Kumar Rai, Company Secretary. We will begin the call with the opening remarks from management, and then we will open the line for Q&A. I now hand over the call to Mr. Manobendra Ghoshal. Over to you, sir.
Good morning. Good morning, everybody. Welcome to MSTC. In the consolidated figures for this quarter,
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