Earnings & Results
MSTC Shares Hit 20% Upper Circuit as Q2 FY27 Net Profit Rises 51.8% to Rs 74.60 Crore
By News Desk ·
Key takeaways
- MSTC net profit rose 51.8% to Rs 74.60 crore in Q2 FY27 from Rs 49.15 crore a year earlier.
- Revenue from operations grew 29.43% to Rs 110.02 crore, while EBITDA margin improved to 67.15%.
- MSTC said it is examining the feasibility of coal and other mineral exchanges and has applied to RBI for clearance on a TReDS platform.
MSTC reported a 51.8% rise in net profit to Rs 74.60 crore for the second quarter of FY27, and its shares rose 20% to Rs 783.65 apiece on the BSE. NDTV Profit reported the results and the upper circuit on November 13, 2026.
MSTC's Q2 FY27 Earnings and New Platform Plans
Net profit climbed from Rs 49.15 crore in the year-ago quarter. Revenue from operations grew 29.43% to Rs 110.02 crore from Rs 85 crore.
EBITDA increased 43% to Rs 73.89 crore from Rs 51.53 crore, and the EBITDA margin improved to 67.15% from 60.62%. At 10:15 AM, the stock was trading 19.29% higher at Rs 779.00 apiece on the BSE.
MSTC said it is examining the feasibility of setting up coal and other mineral exchanges. The company is also developing a TReDS platform and has applied to the RBI for the requisite clearance.
Kush Bohra, founder of kushbohra.com, said the stock has surged about 40% from a recent support floor of Rs 530. "The medium-term structure nears a cup-and-handle breakout above the crucial Rs 800 resistance pivot," he said, adding that existing participants should lock in partial profits while trailing remaining stops at Rs 755.
MSTC's Auction Platform and Government Mandate
MSTC is a Mini Ratna Category-I public sector undertaking under the Ministry of Steel, according to akta.pro company records. The same records describe an e-commerce platform for e-auction, e-procurement and e-sale services used by central ministries, state departments and PSUs, with an annual transaction volume of about Rs 82,000 crore.
MSTC was set up on September 9, 1964, to regulate ferrous scrap exports, with an initial investment of Rs 6 lakh. The company has recorded a profit for the last 50 years, the same records state.
Stake Sale and Earlier Results at MSTC
On October 27, 2026, WisdomTree sold 0.58% of MSTC for Rs 23.22 crore in a bulk deal, Moneycontrol.com reported. MSTC had reported a 31% year-on-year increase in Q1FY27 net profit to ₹582 million, driven by a 22% rise in revenue, ScanX reported on August 20, 2026.
MSTC scheduled its 61st Annual General Meeting for September 24, 2026, to be held virtually in line with Ministry of Corporate Affairs guidelines, ScanX reported on August 20, 2026.
RBI Clearance for MSTC's TReDS Platform
MSTC's application to the RBI for clearance on its TReDS platform is pending, the company said.