MSTC Q1 FY27 results showed standalone profit after tax rising 31.14% year-on-year to Rs 58.12 crore, the state-owned digital solutions provider said in an earnings-call transcript filed with BSE on August 20, 2026. The corresponding year-ago profit was Rs 44.32 crore.

Standalone revenue from operations increased nearly 22% to Rs 94.25 crore from Rs 77.43 crore. Management described this as the company’s highest first-quarter revenue since its March 2019 listing, supported by its highest-ever Q1 e-commerce revenue of Rs 89.49 crore.

Total income, calculated from the clearly disclosed revenue from operations and other income, stood at Rs 118 crore against Rs 93.66 crore a year earlier. Other income rose to Rs 23.75 crore from Rs 16.23 crore.

Standalone Q1 financial comparison

Metric Q1 FY27 Q1 FY26 YoY change
Revenue from operations Rs 94.25 crore Rs 77.43 crore 21.72% increase
Total income Rs 118.00 crore Rs 93.66 crore 25.99% increase
Profit before tax Rs 78.53 crore Rs 59.63 crore 31.70% increase
Profit after tax Rs 58.12 crore Rs 44.32 crore 31.14% increase
EPS Rs 8.26 Rs 6.30 31.11% increase

Standalone EBITDA increased around 32% to Rs 81.49 crore from Rs 61.88 crore. Total expenses rose to Rs 36.51 crore from Rs 31.78 crore as employee costs, depreciation and other expenses increased alongside the scale of operations.

Digital platforms and new business pipeline

MSTC said it had completely exited its legacy trading and marketing segment and stopped segmental reporting from the quarter, leaving e-commerce as its sole operating segment. Management attributed e-commerce growth mainly to higher mineral-block activity and plant scrap sales, while retaining an internal objective of maintaining double-digit growth over a longer period.

  • The EPR certificate trading platform is technically ready and awaits a government notification before operations can begin.
  • The proposed TReDS platform is at an advanced stage, with operationalisation targeted within FY27 subject to Reserve Bank of India and other regulatory approvals.
  • The travel portal has begun handling MSTC’s corporate bookings and is being offered to other PSUs; a B2C rollout depends on IATA empanelment.

On a consolidated basis, profit before tax was Rs 78.63 crore and profit after tax was Rs 58.22 crore. Consolidated EPS stood at Rs 8.27, compared with Rs 6.01 a year earlier. Management said its Mahindra joint venture contributed about Rs 10 lakh and returned to profit after four years.

Source: BSE corporate announcement.