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MSTC Limited Partners Exclusively with EaseMyTrip for Government Sector Travel Services
MSTC Limited has entered into an exclusive strategic partnership with EaseMyTrip to provide comprehensive travel solutions to the government sector. Under this agreement, EaseMyTrip will integrate its API into MSTC's system, offering services including flights, hotels, and holiday packages. This collaboration allows MSTC to facilitate corporate travel for government organizations by leveraging EaseMyTrip's inventory of over 400 airlines and 2.9 million hotels. The move is aimed at digitizing and streamlining procurement processes across MSTC's extensive government network.
Key Highlights
Exclusive partnership to power travel services for the Government Sector through MSTC's platform.
Integration of EaseMyTrip APIs providing access to 400+ international and domestic airlines.
Access to a global inventory of over 2.9 million hotels, holiday packages, and cab services.
Strategic expansion for MSTC into the travel-tech procurement segment for high-value government clients.
EaseMyTrip to provide end-to-end technical support for seamless booking and user experience.
💼 Action for Investors
Investors should monitor the revenue contribution from this new service vertical as it leverages MSTC's existing government relationships. This diversification into travel-tech procurement could provide a steady, high-volume transaction stream.
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MSTC Limited Emerges as L1 Bidder for Coal India's NRS Linkage Auction Contract
MSTC Limited has been declared the L1 bidder for a significant tender hosted by Coal India Limited (CIL) on the GeM portal. The contract appoints MSTC as the External Service Provider for conducting Linkage Auctions for the Non-Regulated Sector (NRS). This domestic engagement is set for a duration of three years and involves managing the entire auction process through MSTC's platform. While the exact financial value is currently unquantified, the partnership with a major PSU like Coal India reinforces MSTC's market position in the e-auction space.
Key Highlights
MSTC emerged as the L1 bidder for Coal India's NRS Linkage Auction tender on the GeM portal.
The contract duration is fixed for a period of three years.
MSTC will provide end-to-end services from conducting auctions to the execution of agreements.
The contract is with a domestic entity and does not involve any related party transactions.
Financial consideration is currently unquantified but expected to contribute to service revenue over the next 3 years.
💼 Action for Investors
Investors should view this as a positive development that secures long-term service volume for MSTC's e-commerce platform. Monitor for future updates regarding the specific revenue impact as the contract is executed.
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MSTC Q3 FY26: Adjusted PAT Grows 10% YoY; New EPR Exchange and Travel Platform to Launch Soon
MSTC reported a steady 9.87% YoY growth in total revenue for 9M FY26, reaching 302.67 crore INR, primarily driven by its e-commerce segment. While reported PAT fell due to a high base from last year's 273.5 crore INR FSNL disinvestment gain, adjusted PAT grew by approximately 10% to 145.89 crore INR. The company is diversifying into high-margin software platforms, including a first-of-its-kind EPR certificate exchange and a new travel booking vertical launching in April 2026. Losses in the MMRPL joint venture are narrowing sequentially, signaling a potential turnaround in the recycling business.
Key Highlights
9M FY26 EBITDA increased by 9.61% YoY to 199.95 crore INR with a 9.26% rise in e-commerce revenue.
Adjusted PAT (excluding last year's FSNL sale proceeds) grew 10% YoY to 145.89 crore INR.
Successfully completed the first tranche of gold bullion allocation for DGFT; silver and other commodities to follow.
Launching a unified B2B/B2C travel booking platform in April 2026 to diversify digital service revenue.
MMRPL joint venture losses are reducing sequentially following cost rationalization and the relocation of units.
💼 Action for Investors
Investors should monitor the scaling of the new EPR exchange and travel platform as these high-margin digital services could significantly boost future profitability. The stock remains a strong play on government digitalization and the formalization of scrap and commodity markets.
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MSTC Reports 9.7% Growth in Core Profit for 9M FY26; EBITDA Reaches ₹199.95 Crore
MSTC Limited reported a steady 9.87% YoY growth in total revenue to ₹302.67 crore for the nine months ended December 2025. While Profit After Tax (PAT) decreased by 56.57% to ₹145.89 crore, this was entirely due to a high base effect from a ₹273.54 crore exceptional gain in the previous year. Core operational performance remains healthy, with EBITDA rising 9.61% to ₹199.95 crore and Profit Before Exceptional Items growing 9.70% to ₹192.29 crore. The company is diversifying into new digital platforms, including an EPR certificate exchange and a centralized travel portal.
Key Highlights
EBITDA for 9M FY26 increased by 9.61% YoY to ₹199.95 crore.
Profit Before Exceptional Items rose 9.70% YoY to ₹192.29 crore, indicating strong core business growth.
Total value of goods transacted through the MSTC ecosystem stood at ₹525.55 billion for 9M FY26.
Successfully auctioned prime plots for HMDA fetching ₹2,708 crore and sold 3.5 million MT of Iron Ore for NMDC.
Announced the launch of India's first EPR certificate trading exchange and a centralized travel portal by April 2026.
💼 Action for Investors
Investors should look past the headline PAT decline, which was caused by a one-time exceptional gain in the prior year, and focus on the consistent ~10% growth in core operating profits. The upcoming launch of the EPR exchange and travel portal provides high-margin growth catalysts for FY27.
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MSTC Ltd Declares ₹7.60 Interim Dividend; Q3 PAT Surges to ₹252 Cr on Exceptional Gains
MSTC Limited has declared a substantial interim dividend of ₹7.60 per share (76%) for FY 2025-26, with the record date set for February 18, 2026. The company reported a massive jump in standalone Profit After Tax (PAT) to ₹25,242.89 Lakhs for Q3 FY26, compared to ₹4,914.90 Lakhs in the previous year. This surge is primarily attributed to a significant exceptional gain of ₹27,354.08 Lakhs during the quarter. While core revenue from operations saw a slight year-on-year decline to ₹8,114.38 Lakhs, the overall bottom line was bolstered by legal resolutions and refunds.
Key Highlights
Interim dividend of ₹7.60 per equity share (76% of face value) declared for FY 2025-26.
Standalone PAT surged over 400% YoY to ₹252.43 crore, driven by ₹273.54 crore in exceptional income.
Record date for dividend eligibility is fixed as February 18, 2026, with payment within 30 days.
Revenue from operations for Q3 FY26 stood at ₹81.14 crore versus ₹85.01 crore in Q3 FY25.
Exceptional gains include impacts from long-standing legal disputes and refunds related to Standard Chartered Bank proceedings.
💼 Action for Investors
Investors should benefit from the high dividend payout, but must recognize that the current profit surge is driven by one-time exceptional items rather than core operational growth. Monitor the sustainability of core revenue in future quarters.
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MSTC Q3 PAT Surges to ₹252 Cr on Exceptional Gains; Declares ₹7.60 Interim Dividend
MSTC Limited reported a massive surge in standalone Profit After Tax (PAT) to ₹252.43 crore for Q3 FY26, compared to ₹49.15 crore in the same quarter last year, primarily driven by a one-time exceptional gain of ₹275.48 crore. Revenue from operations saw a slight year-on-year decline of 4.5%, coming in at ₹81.14 crore. The board has rewarded shareholders by declaring a substantial interim dividend of ₹7.60 per share (76% of face value). The exceptional gain is linked to the resolution of long-standing legal disputes and refunds involving Standard Chartered Bank.
Key Highlights
Standalone PAT jumped to ₹25,242.89 Lakhs in Q3 FY26 from ₹4,914.90 Lakhs in Q3 FY25.
Exceptional gain of ₹27,548 Lakhs recorded in Q3 FY26 following legal dispute resolutions.
Interim dividend of ₹7.60 per equity share declared with a record date of February 18, 2026.
Revenue from operations stood at ₹8,114.38 Lakhs, a marginal decline from ₹8,500.60 Lakhs YoY.
Employee benefit expenses increased by ₹238.17 Lakhs due to enhanced gratuity limits.
💼 Action for Investors
Investors should recognize that the bottom-line growth is driven by non-recurring exceptional items rather than core operations. However, the high dividend payout and resolution of legacy legal issues are positive triggers for the stock's valuation.