MSTC Ltd
MSTC Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
Incremental growth expected over the next 2-3 years, supplemented by new ventures (Page 8). MSTC expects incremental growth over the next 2-3 years driven by expansion in existing e-commerce business and new ventures (Page 8).
From MSTC Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Incremental growth expected over the next 2-3 years, supplemented by new ventures (Page 8).
- Expansion in e-commerce sub-segments including vehicle scrapping, coal, and e-procurement events will contribute to revenue growth (Page 8).
- New platforms like Kendraya Police Kalyan Bhandar software, CPCB electronic trading platform for EPR certificates, and the gold bullion tariff allocation portal are anticipated to drive future revenue (Pages 4, 8, 14).
- Travel portal focusing initially on government sector with later B2C expansion planned, expected operational by FY27 Q1 (Pages 4, 12).
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
- Current CAPEX is moderate, primarily focused on server maintenance and equipment upgrades.
- Recent capital investment included acquiring a corporate office space in New Delhi.
- Future CAPEX priorities include:
- Ongoing development of new business ventures such as the Central Pollution Control Board (CPCB) platform.
- Development and launch of the travel portal targeting government and later private sectors.
- Mixed capital and initial revenue expenditure for new digital platforms.
2 more points from MSTC Ltd's call on capex
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Ranked on what management guided this quarter
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
- MSTC has secured a 30-year agreement with Syama Prasad Mookerjee Port, Kolkata, marking a long-term association.
- It has ongoing contracts with various state governments for auctions, including sand blocks in Chhattisgarh and previous work in Uttar Pradesh.
- The company is developing and nearing final stages of software applications like Kendraya Police Kalyan Bhandar (KPKB).
- New platforms under development or recently launched include the EPR certificate trading platform for Central Pollution Control Board, the gold bullion allocation platform for DGFT, the Upkaran equipment leasing and purchase portal, and a government-focused travel portal expected operational by FY27 Q1.
2 more points from MSTC Ltd's call on order book
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MSTC Ltd — Quarterly revenue & net profit
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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What MSTC Ltd's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were MSTC Ltd Q2 FY26 results?
Incremental growth expected over the next 2-3 years, supplemented by new ventures (Page 8). MSTC expects incremental growth over the next 2-3 years driven by expansion in existing e-commerce business and new ventures (Page 8).
What is MSTC Ltd share price analysis?
MSTC Ltd currently shows a neutral. 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?
Current CAPEX is moderate, primarily focused on server maintenance and equipment upgrades.
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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.