Government-owned e-commerce service provider MSTC Ltd on Monday (February 10) 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.CompanyValueChange%ChangeIn the corresponding quarter of the previous fiscal, 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 over ₹41.1 crore in the corresponding period in the previous fiscal.
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EBITDA margin stood at 60.1% in the reporting quarter as compared to 57.2% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.The board has also declared a second interim dividend @ 320% i.e. ₹32 per equity share of face value of ₹10 each for the financial year 2024-25. The interim dividend shall be paid within 30 days from the date of its declaration.The board has also fixed 14th February 2025 as the “record date” to ascertain the eligibility of shareholders for payment of interim dividends. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched within 30 days from the date of its declaration.Also Read: NALCO Q3 Results | Net profit zooms 3x to ₹1,566 crore, margin doubles; declares dividendThe results came after the close of the market hours. Shares of MSTC Ltd ended at ₹558.40, down by ₹19.50 or 3.37% on the BSE.
