Mstc Limited — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MSTC Limited reported steady revenue of INR387.5 Cr for FY25, down slightly from INR416.6 Cr last year due to the end of dividends from its divested FSNL unit. Profit after tax jumped to INR403 Cr, supported by exceptional income of INR263 Cr from FSNL sale and arbitration. Core e-commerce revenue was stable at INR278 Cr, with scrap disposal and iron ore auctions growing over 10%. Management targets 10-12% annual growth via client retention, new e-commerce products, and expanded private and government clientele. Margins excluding other income remain healthy at 60-65%. The company is developing a disaster recovery data center and exploring new business areas, maintaining a cautiously optimistic outlook.