Government-owned e-commerce service provider MSTCLtd on Monday (March 10) said it has received a work order from Coal India Limited (CIL) to serve as the e-auction service provider for coal and coal products.The contract, awarded for a duration of two years, will facilitate the digital auction of coal from CIL and its subsidiaries.
“This is to inform you that MSTC Limited has received a work order from Coal India Limited for engagement as E-auction Service Provider for conducting e-auction of coal and coal products of CIL/Coal Companies for two years,” MSTC said in a regulatory filing.
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MSTC reported a 506.04% year-on-year (YoY) jump in net profit at ₹250.9 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal year, MSTC posted a net profit of ₹41.4 crore, the company said in a regulatory filing.MSTC reported an exceptional gain of ₹275.5 crore in Q3FY25 compared to a loss of ₹1.9 crore in the same quarter last year. The company’s revenue from operations increased 12.8% to ₹81.1 crore as against ₹71.9 crore in the corresponding period of the preceding fiscal.
“This is to inform you that MSTC Limited has received a work order from Coal India Limited for engagement as E-auction Service Provider for conducting e-auction of coal and coal products of CIL/Coal Companies for two years,” MSTC said in a regulatory filing.
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MSTC reported a 506.04% year-on-year (YoY) jump in net profit at ₹250.9 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal year, MSTC posted a net profit of ₹41.4 crore, the company said in a regulatory filing.MSTC reported an exceptional gain of ₹275.5 crore in Q3FY25 compared to a loss of ₹1.9 crore in the same quarter last year. The company’s revenue from operations increased 12.8% to ₹81.1 crore as against ₹71.9 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA surged 18.5% to ₹48.7 crore in the third quarter of this fiscal year from ₹41.1 crore in the corresponding period in the previous fiscal.
EBITDA margin stood at 60.1% in the reporting quarter as compared to 57.2% in the corresponding period in the previous fiscal year. EBITDA is earnings before interest, tax, depreciation, and amortisation.
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Shares of MSTC Ltd ended at ₹460.30, down by ₹14.80, or 3.12%, on the BSE.
