MSTC Ltd (NSE:MSTCLTD)

Q3 2026 MSTC Ltd Earnings Call Transcript

Feb 12, 2026 / 06:00 AM GMT

Release Date Price: ₹486.8 (-3.03%)

Transcript

Key Points

Positve

MSTC Ltd (BOM:542597) reported nearly double-digit growth in total revenue, driven primarily by the e-commerce segment.
The company has been awarded the project to develop and operate the country's first exchange for trading CPR certificates, which is in an advanced stage.
MSTC Ltd (BOM:542597) successfully completed the first auction of gold bullion tariff rate quotas, indicating potential for future growth in this area.
The company has signed a key agreement with the Matravi Shrine Board for the sale of precious metals, expanding its auctioning portfolio.
The ELV (End-of-Life Vehicle) sales have picked up, with an improving ecosystem and increasing number of vehicles being scrapped.

Negative

The e-commerce vertical experienced a slowdown in growth in Q3, with only a 4% year-over-year increase and a 5% sequential decline.
Employee expenses increased by 20% year-on-year, raising concerns about cost management.
The company's joint venture with Mahindra, MMRPL, continues to report losses, although the net loss has been reducing sequentially.
There is uncertainty regarding the timeline for the new CPR certificate exchange to stabilize and contribute significantly to revenue.
The company faces challenges in monetizing its data center capacity for external customers due to internal requirements and ongoing projects.

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

MSTC.NS - MSTC Ltd
Q3 2026 MSTC Ltd Earnings Call
Feb 12, 2026 / 06:00AM 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 Q3 FY26 earnings call. As a reminder, all participants' lines will be in the listen-only mode, and there will 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. Deepak Modi.

Thank you and over to you.

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Unidentified_2 [2]
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Good morning, everyone. On behalf of Victoria

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