Q4 2026 MSTC Ltd Earnings Call Transcript
Key Points
- MSTC Ltd (BOM:542597) reported its highest revenue from operations in the last four years, reaching almost INR370 crore.
- The company has successfully maintained its EBITDA percentage year-on-year despite global macroeconomic uncertainties.
- MSTC Ltd has increased its PAT levels by about 23% year-on-year, excluding exceptional items.
- The company is in the final stages of launching new digital platforms, including an EPR ETP and a travel portal, which are expected to open new business verticals.
- MSTC Ltd's joint venture with Mahindra's MMRPL has shown consistent and encouraging financial results over the last three quarters, with a reduction in net loss.
- The e-commerce revenue has been relatively flat over the past few years, with significant growth only observed in the current quarter.
- There is uncertainty regarding the revenue potential of new platforms like the EPR trading platform, as they are yet to be operationalized.
- The company faces challenges in the scrappage market due to slow regulatory developments and ecosystem establishment.
- MSTC Ltd's coal auction revenues may be impacted by the development of a new coal exchange, which is still in its initial stages.
- The company has incurred increased overhead expenses due to the opening of a new corporate office in New Delhi.
Ladies and gentlemen, good day, and welcome to the MSTC Limited Q4 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Deep Modi from Equirus Securities. Thank you, and over to you, sir.
Good morning, everyone. On behalf of Equirus Securities, I welcome you all to Q4 FY26 earnings conference call of MSTC Limited. From the management side, 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.
Thank you. Good morning, Deep. So good morning to all our esteemed stakeholders and a warm welcome to this morning's investor
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