MSTC Q2 net profit grows over 12% to Rs 47.49 crore

New Delhi: State-owned MSTC Limited on Wednesday posted an over 12 percent year-on-year (YoY) rise in consolidated net profit to Rs 47.49 crore in the September quarter, backed by increased revenues.

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It had clocked a net profit of Rs 42.34 crore in the July-September period of FY25, the company said in an exchange filing.

MSTC increased its total income to Rs 102.30 crore against Rs 93.65 crore in the second quarter a year ago, posting a rise of 9 percent YoY.

The e-commerce segment contributed mainly to income with Rs 97.55 crore revenues in the second quarter, up from Rs 89.56 crore a year ago.

Under the Ministry of Steel, MSTC provides comprehensive e-commerce services, including e-auctions, e-sales, e-procurement, and e-tenders.

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