MSTC Limited — Earnings Release 2024

Aug 18, 2023

==> picture [596 x 842] intentionally omitted <==

----- Start of picture text -----

RAI KUMAR AJAY
11:22:56 +05'30' Date: 2023.08.18 RAI by AJAY KUMAR Digitally signed
----- End of picture text -----

==> picture [792 x 149] intentionally omitted <==

August 18, 2023

==> picture [270 x 79] intentionally omitted <==

Earnings Release Q1 2023-24

==> picture [88 x 22] intentionally omitted <==

----- Start of picture text -----

MSTC Limited
----- End of picture text -----

Disclaimer

Thispresentationandtheaccompanyingslides(the“Presentation”),whichhavebeenpreparedby MSTC Limited(the“Company”),havebeenpreparedsolely forinformationpurposes anddonotconstituteanyoffer,recommendationorinvitationtopurchaseorsubscribeforanysecurities,andshallnotformthebasisorbereliedoninconnectionwithanycontractor bindingcommitmentwhatso ever.No offeringofsecurities oftheCompanywillbemade exceptbymeansof astatutoryofferingdocumentcontainingdetailedinformationabout the Company.

ThisPresentation has been prepared by the Company based on information and datawhich the Company considers reliable, but the Company makes no representation or warranty, expressorimplied, whatsoever, and norelianceshallbe placedon, the truth, accuracy, completeness,fairness and reasonablenessof thecontentsof thisPresentation.ThisPresentation may notbeallinclusive andmay notcontain alloftheinformationthatyoumayconsidermaterial. Anyliability inrespectof thecontentsof,or any omissionfrom,thisPresentationis expresslyexcluded.CertainmattersdiscussedinthisPresentationmaycontainstatementsregardingtheCompany’smarketopportunityandbusinessprospectsthatareindividuallyand collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptionsthataredifficulttopredict.Theserisksanduncertaintiesinclude,butarenotlimitedto,theperformanceoftheIndianeconomyandoftheeconomiesofvariousinternational markets, the performance of theindustry in India andworld-wide, competition, thecompany’s ability to successfullyimplementitsstrategy, the Company’s future levels of growth and expansion, technologicalimplementation,changesandadvancements,changesinrevenue,incomeorcashflows,theCompany’smarketpreferencesanditsexposuretomarketrisks,as wellasotherrisks.

TheCompany’sactualresults,levelsofactivity,performanceorachievementscoulddiffermateriallyandadverselyfromresultsexpressedinorimpliedbythisPresentation.TheCompany assumesnoobligationtoupdateanyforward-lookinginformationcontainedinthisPresentation.Anyforward-lookingstatementsandprojectionsmadebythirdpartiesincludedinthis PresentationarenotadoptedbytheCompanyandtheCompanyisnotresponsibleforsuchthirdpartystatementsandprojections.

MSTC Limited

2

Key Highlights

Operational Performance (Standalone)

During the Q1 2023-24 the Company crossed INR 193.64 bn in terms of value of goods transacted through its e-commerce and marketing verticals.

Financial Performance (Consolidated)

 Revenues of INR 199.76 crore in Q1 2023-24 vis-à-vis revenues of INR 194.82 crore in Q1 2022-23; increase of 2.53%.

 PBT of INR 80.56 crore in Q1 2023-24 vis-à-vis INR 80.54 crore in Q1 2022-23; increase of 0.03%.

MSTC Limited

3

Key Highlights

• MSTC has successfully hosted UDAN(Ude Desh ka Aam Naagrik) scheme version 5.0 which has been launched by Ministry of Civil Aviation on 21.04.2023 .

• MSTC Limited has been awarded The Most Efficient and Profitable Miniratna of the year – Non Manufacturing in the PSU for the Year 2022 by Dalal Street Investment Journal.

Business update

• MSTC has been successfully conducting auction of mines i.e coal block mines and major mineral mines which is detailed below:

Particular	No. of Mines Auctioned	No. of Mines Auctioned	No. of Mines Auctioned
	FY 2023-24 (Q1)	FY 2022-23	Total
Major Mineral	27 (till July 2023)	94	275
Coal Block (Commercial Mining)	6 ( till Aug 2023)	44	92

MSTC Limited

4

==> picture [782 x 446] intentionally omitted <==

----- Start of picture text -----

Particulars (INR Crore, unless stated) Q1 2023-24 Q1 2022-23 YoY % chg.
Total Revenue
100.63 93.86 7.22%
Marketing
6.41 10.19 -37.11%
E-commerce
94.05 83.58 12.53 %
Others
0.17 0.08 104.48 %
Standalone Financials EBITDA (pre-provisioning) [1] 72.27 67.76 6.66 %
Highlights – Q1 2023-24 Provisions and write-offs (net of provisions
written-back) - -4.24 -100.00%
Profit before Tax
70.56 66.12 6.73%
Profit after Tax
44.57 43.85 1.65 %
EPS (in INR)
6.33 6.23 1.61 %
Cash Profit [2]
46.27 45.40 1.93 %
1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period
2. Cash Profit is computed as EBITDA pre provisioning less expenses made towards Interest and Tax
MSTC Limited
5
----- End of picture text -----

==> picture [792 x 446] intentionally omitted <==

----- Start of picture text -----

Particulars (INR Crore) Q1 2023-24 Q1 2022-23 YoY % chg.
Total value of goods traded through
MSTC eco-system (INR bn) 193.64 237.63 -18.51%
Total Revenue
100.63 93.86 7.22%
Revenue – E-commerce
94.05 83.58 12.53%
E-Auction/E-Sale
71.22 72.32 -1.52%
Standalone Financials
E-Procurement
Segment Reporting- 1.42 0.31 358.06%
Other Income
Q1 2023-24 21.40 10.95 95.37%
Revenue – Marketing
6.41 10.19 -37.11%
Total Expenses
30.07 27.74 8.38%
Profit Before Tax
70.56 66.12 6.73%
Profit After Tax
44.57 43.85 1.65%
MSTC Limited
6
----- End of picture text -----

==> picture [780 x 446] intentionally omitted <==

----- Start of picture text -----

Particulars (INR Crore, unless stated) Q1 2023-24 Q1 2022-23 YoY % chg.
Total Revenue
199.76 194.82 2.53%
Marketing
6.41 10.19 -37.11%
E-commerce
94.05 83.58 12.53%
Scrap recovery and allied jobs
99.12 100.96 -1.82%
Others
0.17 0.08 104.48%
EBITDA (pre-provisioning) [1]
Consolidated Financials 86.02 86.85 -0.95%
Provisions and write-offs (net of provisions
Highlights – Q1 2023-24 written-back) - 0.90 -100.00%
Share of JV -1.22 0.04 -2943.59%
Profit before Tax
80.56 80.54 0.03%
Profit after Tax
50.61 54.29 -6.79%
EPS (in INR) 7.19 7.71 -6.74%
Cash Profit [2]
56.08 60.52 -7.34%
1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period
2. Cash Profit is computed as EBITDA pre provisioning less expenses made towards Interest and Tax
MSTC Limited
7
----- End of picture text -----

Summary P&L Statement

Particulars (INR Crore)	MSTC Limited Standalone Consolidated Q1 2023-24 Q1 2022-23 % change Q1 2023-24 Q1 2022-23 % change 82.34 83.37 -1.23 179.00 180.58 -0.88% 18.29 10.49 74.34 20.76 14.24 45.82% 100.63 93.86 7.22 199.76 194.82 2.53% - - - 14.09 14.57 -3.29% 20.82 19.74 5.46 44.66 44.53 0.28% - 0.09 -100.00 - 0.09 -100.00% 1.70 1.55 9.98 5.47 5.33 2.66% - - - - 0.90 -100.00% 7.55 6.36 18.64 53.76 48.91 9.93% 30.07 27.74 8.38 117.98 114.33 3.20% - - - -1.22 0.04 -2943.59% 70.56 66.12 6.73 80.56 80.54 0.03% 25.99 22.27 16.72 29.95 26.24 14.12% 44.57 43.85 1.65 50.61 54.29 -6.79% 8
Revenue from operations
Other Income
Total Revenue
Expenses
Purchases of Stock-in-Trade/Operational Consumables & Spares
Employee benefit expense
Finance costs
Depreciation and amortisation expense
Provisions and write-offs
Other expenses
Total Expenses
Share of profit/(loss) of Joint Ventures
Profit/(Loss) before tax
Tax expense
Profit/(Loss) for the period

==> picture [792 x 75] intentionally omitted <==

==> picture [792 x 75] intentionally omitted <==

MSTC Limited

==> picture [792 x 75] intentionally omitted <==

Subrata Sarkar +91-033-2340-0009 www.mstcindia.co.in

==> picture [792 x 75] intentionally omitted <==

----- Start of picture text -----

MSTC Limited
----- End of picture text -----