MSTC Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 27, 2024 at 06:35 pm IST
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MSTC Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 1,990.7 million compared to INR 1,965.34 million a year ago. Revenue was INR 3,459.59 million compared to INR 2,323.72 million a year ago. Net income was INR 484.49 million compared to INR 769.55 million a year ago. Basic earnings per share from continuing operations was INR 6.88 compared to INR 10.93 a year ago. Diluted earnings per share from continuing operations was INR 6.88 compared to INR 10.93 a year ago.
For the full year, the company reported sales was INR 7,508.19 million compared to INR 7,209.67 million a year ago. Revenue was INR 9,613.73 million compared to INR 8,791.67 million a year ago. Net income was INR 2,043.69 million compared to INR 2,419.57 million a year ago. Basic earnings per share from continuing operations was INR 29.03 compared to INR 34.37 a year ago. Diluted earnings per share from continuing operations was INR 29.03 compared to INR 34.37 a year ago.
MSTC Limited is an India-based e-commerce company. The Company is engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale, e-procurement services, and development of customized software/solutions. The Company operates through two segments: e-Commerce, and Trading. Its e-Commerce segment provides services for e-auction/s-sale, e-procurement, and development of customized software/solutions. The Company offers e-auction platform to a number of government departments and government-controlled entities. It offers a complete package of services from preparation of the auction catalogue to the issuance of delivery orders and advertisements of the same on a case-to-case basis with e payment and e-wallet facilities. It has conducted e-auction for sale of scraps, minerals, agricultural produce, land parcels, tea, gorgon nut, tendu leaves, timbers, and other forest produce. It also offers end-to-end platform solutions for e-procurement.
MSTC LIMITED 
