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MSTC Ltd

Q4 FY26Commercial Services & Supplies

MSTC Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management said on revenue, margins and capex.

Price₹701
Market cap₹4.2K Cr
P/E19.4
Updated23 Aug 2026
Read4 min read

The short version

MSTC aims for double-digit organic growth in its core e-commerce business over the next 2-3 years, focusing on incremental rather than very high growth. MSTC aims for double-digit growth in its organic e-commerce business going forward, focusing on incremental but steady increases.

From MSTC Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • MSTC aims for double-digit organic growth in its core e-commerce business over the next 2-3 years, focusing on incremental rather than very high growth.
  • New verticals like the EPR (Extended Producer Responsibility) trading platform and travel portal are expected to contribute significant additional revenue starting FY '27.
  • The company is in final testing stages of the travel portal with a planned launch soon, targeting the B2B segment but refrains from revenue speculation at this time.
  • MSTC expects growth beyond a plateau seen in e-commerce over recent years, with recent quarters showing significant growth.

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 is developing new digital products including a travel portal ("MSTC Smart Travel") in its final testing phase, targeted for B2B launch soon.
  • The EPR (Extended Producer Responsibility) trading platform for EPR certificates is developed, tested, integrated, and awaiting formal approval to become operational.
  • MSTC is working on end-to-end transaction advisory services for asset value realization in partnership with SBI CAPS.
  • The company is exploring opportunities to develop and operate more such portals and exchange platforms in the future, potentially expanding into AI-enabled solutions.

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
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

See what MSTC Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Some relevant points related to business development and opportunities are: - MSTC has completed coal mine auctions and mineral block auctions, contributing to e-commerce revenue. - Developed specialized portals (e.g., for DGFT quota allocation of gold bullion) and secured an order for coal linkage auction from Coal India Limited. - The EPR trading platform and new digital products like travel and upkaran portals are in advanced development and expected to launch soon, expected to contribute significantly to revenue.

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

Q4 FY26 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q4 FY26 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.

Full financials →

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  • Clear Secured (Q4 FY26)

    FY23: ₹357 Crores . Key investor presentation takeaways from Clear Secured's Q4 FY26 investor presentation — and how it ranks against sector peers.

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  • Happy Square Outsourcing Services Ltd (Q4 FY26)

    Strong pipeline includes a significant INR21 crores government work order from Rajasthan, likely to be received within 15 days. Key concall takeaways from…

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Frequently Asked Questions

What were MSTC Ltd Q4 FY26 results?

MSTC aims for double-digit organic growth in its core e-commerce business over the next 2-3 years, focusing on incremental rather than very high growth. MSTC aims for double-digit growth in its organic e-commerce business going forward, focusing on incremental but steady increases.

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 ₹4,237 Cr. Investors should review the full earnings analysis for detailed insights.

Is MSTC Ltd planning capital expenditure?

MSTC is developing new digital products including a travel portal ("MSTC Smart Travel") in its final testing phase, targeted for B2B launch soon.

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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.