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MSTC Ltd

Q1 FY27Commercial Services & Supplies

MSTC Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹647
Market cap₹4.6K Cr
P/E19.5
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

0 of 2 strong

RevenueModerate growth
MarginMargins steady

The short version

MSTC aims for sustained double-digit growth in revenue, targeting around 10-20% year-on-year growth in e-commerce vertical over upcoming quarters (Page 9, 16). MSTC aims to sustain double-digit growth in revenue over the long term, balancing periods of higher and lower growth.

From MSTC Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • MSTC aims for sustained double-digit growth in revenue, targeting around 10-20% year-on-year growth in e-commerce vertical over upcoming quarters (Page 9, 16).
  • Major revenue drivers include mineral blocks, coal linkage auctions, and scrap sales, with scrap sales contributing steady 50-55% of e-commerce revenue (Page 9, 17).
  • Growth in new verticals like liquor license auctions, property auctions, and EPR platform expected to add to revenue, but these are in early stages and will mature gradually (Page 13, 15, 17).
  • Expansion into private sector clientele alongside government business to increase volumes and revenue diversification (Page 14).
  • New ventures like travel booking portal B2B segment is operational; B2C and expanded services expected later, with revenues growing after the platform stabilizes (Page 17).

2 more points from MSTC Ltd's call on revenue

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Profitability & Margins

See what MSTC Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • MSTC has limited CAPEX due to its asset-light model, leveraging existing infrastructure for new ventures.
  • The travel booking portal is operational internally (B2B) and progressing towards B2C post IATA empanelment.
  • Development of a trade receivables discounting system (TReDS platform) is underway, awaiting RBI regulatory approvals; expected operationalization in FY27.
  • Electronic trading platform for Extended Producer Responsibility (EPR) certificates is ready with all integrations, awaiting government notification to commence operations.
  • MSTC is exploring establishment of coal and mineral exchanges, with initial discussions ongoing.

2 more points from MSTC Ltd's call on capex

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Top-ranked in Commercial Services & Supplies

Ranked on what management guided this quarter

Guidance-ranked
1Bluspring Enter.
Rev 1Mar 1
2Happy Square
Rev 1Mar 1
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Relevant business updates provided include: - Ongoing auction contracts with Coal India for coal linkage auctions, with the first batch underway and expected extension to other sectors. - Active mineral block auctions, including critical mineral blocks and exploration license blocks. - Agreement with Tamil Nadu Forest Department for auctioning about 100 tons of Red sandalwood via international competitive bidding soon. - Auction activities for Rashtriya Ispat Nigam Limited for process scrap.

2 more points from MSTC Ltd's call on order book

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MSTC Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹88 Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were MSTC Ltd Q1 FY27 results?

MSTC aims for sustained double-digit growth in revenue, targeting around 10-20% year-on-year growth in e-commerce vertical over upcoming quarters (Page 9, 16). MSTC aims to sustain double-digit growth in revenue over the long term, balancing periods of higher and lower growth.

What is MSTC Ltd share price analysis?

MSTC Ltd currently shows a below-average growth signal. The stock trades at a P/E of 19.4 with a market cap of ₹4,555 Cr. Investors should review the full earnings analysis for detailed insights.

Is MSTC Ltd planning capital expenditure?

MSTC has limited CAPEX due to its asset-light model, leveraging existing infrastructure for new ventures.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.