MSTC Limited Reports 9% Revenue Growth in Q1, Appoints New Secretarial Auditor 3 days ago
MSTC Limited, a Government of India enterprise, announced Q1 financial results with total income of ₹9,365.88 crore, up 9% year-over-year. Net profit increased 9.5% to ₹4,432.31 crore. E-commerce segment was the primary revenue driver, contributing ₹8,956.85 crore. The company appointed M/s. Basu and Associates as Secretarial Auditor for five years, subject to shareholder approval. MSTC continues to face legal proceedings with Standard Chartered Bank regarding a ₹14,361.97 crore dispute from 2008-09.
MSTC Limited Announces Conference Call to Discuss Q1FY26 Financial Results 9 days ago
MSTC Ltd: Q4 Revenue Up, Profit Down 70% Amid Subsidiary Sale May 29, 2025
MSTC Faces ₹178.40 Crore Tax Demand from Income Tax Department Apr 16, 2025
MSTC Ltd Declares ₹4.50 Third Interim Dividend for FY 2024-25 Amid Impressive Q3 Performance Mar 26, 2025
More news about MSTC
21Mar 25
MSTC Secures Two-Year E-Auction Services Contract from Coal India
MSTC Limited has been awarded a significant two-year contract by Coal India Limited (CIL) to provide e-auction services for coal and coal products. The contract covers 40% of the estimated work value, equating to approximately 166 events. This agreement reinforces MSTC's position in the e-auction services sector and continues its business relationship with CIL.
10Mar 25
MSTC Secures Two-Year E-Auction Contract from Coal India Limited
MSTC Limited, a Government of India enterprise, has been awarded a two-year contract to serve as an e-auction service provider for Coal India Limited (CIL) and its subsidiaries. The contract involves conducting e-auctions for coal and coal products, potentially enhancing transparency and efficiency in the coal allocation process. This engagement is expected to strengthen MSTC's position in the e-commerce and e-auction services sector, particularly for government and public sector undertakings.
05Mar 25
MSTC Secures Two-Year E-Services Contract with Telangana Government
MSTC Limited has won a significant contract with the Government of Telangana. All Telangana government offices are mandated to use MSTC's e-auction and e-procurement services for two years. The contract, announced on March 5, 2025, is expected to boost MSTC's revenue, strengthen its market presence in the southern region, and potentially lead to operational scaling. While financial details were not disclosed, this development represents a significant vote of confidence in MSTC's e-service capabilities.
28Feb 25
MSTC Faces ₹105.55 Crore Tax Demand from Income Tax Department
MSTC Limited has received a tax demand of ₹105.55 crore from the Income Tax Department for the Assessment Year 2019-20. The demand includes ₹63.10 crore in principal and ₹42.45 crore in interest. MSTC plans to appeal to the Commissioner of Income Tax (Appeals) in Kolkata. The company states that this demand has no material impact on its financial operations or activities.