MSTC Ltd (NSE:MSTCLTD)

Q2 2026 MSTC Ltd Earnings Call Transcript

Nov 13, 2025 / 06:30 AM GMT

Release Date Price: ₹526.1 (-0.65%)

Transcript

Key Points

Positve

MSTC Ltd (BOM:542597) reported a sustained revenue growth trend both year-on-year and sequentially, driven primarily by its e-commerce segment.
The company has been selected by the Director General of Foreign Trade to establish an online platform for the allocation of tariff rate quotas for gold bullion import, indicating trust in its platform's robustness.
MSTC Ltd (BOM:542597) has signed a 30-year agreement with Shyama Prasad Mukherjee Port Kolkata for providing e-commerce services, highlighting long-term business opportunities.
The company is developing a platform for electronic trading of EPR certificates, which is expected to be a game-changer in the future.
MSTC Ltd (BOM:542597) has been involved in significant government projects, such as e-auction of sand mining blocks and liquor shop licenses, showcasing its strong presence in the public sector.

Negative

The vehicle scrapping business is facing challenges due to the lack of a comprehensive institutional framework and incentives, leading to a slow process.
The joint venture with Mahindra Ato, MMRPL, has not yet become profitable, although there is sequential improvement.
The marketing vertical has significantly tapered down and is facing closure, indicating a potential loss of revenue stream.
The EPR trading platform, while promising, is not expected to contribute significantly to the top-line in the next 2-3 years.
The company's revenue from the Kolkata Port Trust agreement is minimal as it is based on a small percentage of the total lease value, which is spread over 30 years.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MSTC.NS - MSTC Ltd
Q2 2026 MSTC Ltd Earnings Call
Nov 13, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to MSTC Limited Q2 FY26 earnings conference call hosted by Aquarius Securities Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there'll be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Deep Modi from Aquarius Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]
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