MSTC Limited — Earnings Release 2023

Feb 13, 2023

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KUMAR RAI AJAY
Digita l
11:12:42 +05'30' Date: 2023.02.13 AJAY KUMAR RAI y signed by
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February 13, 2023

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Earnings Release 9 Months 2022-23

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MSTC Limited
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Disclaimer

Thispresentationandtheaccompanyingslides(the“Presentation”),whichhavebeenpreparedbyMSTCLimited(the“Company”),havebeenpreparedsolelyforinformationpurposes anddonotconstituteanyoffer,recommendationorinvitationtopurchaseorsubscribeforanysecurities,andshallnotformthebasisorbereliedoninconnectionwithanycontractor bindingcommitmentwhatsoever.Noofferingofsecurities oftheCompanywillbemade exceptbymeansof astatutoryoffering documentcontainingdetailedinformationabout the Company.

ThisPresentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, expressorimplied,whatsoever, and norelianceshallbeplacedon,the truth,accuracy,completeness,fairness and reasonablenessof thecontentsof thisPresentation.ThisPresentation may notbeall inclusive and may notcontain allof theinformation thatyoumayconsidermaterial. Anyliabilityinrespectof 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

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Key Highlights

• Operational  During the 9M 2022-23 the Company crossed INR 1602.66 bn in terms of value of goods transacted Performance through its marketing and e-commerce verticals which is 52.16 % increase over the value of goods (Standalone) traded in 9M 2021-22.

• Revenues of INR 64,679.45 Lakhs in 9M 2022-23 vis-à-vis revenues of INR 69,948.30 Lakhs in 9M 202122.

• Financial  PBT of INR 21809.47 Lakhs in 9M 2022-23 vis-à-vis INR 16,763.90 Lakhs in 9M 2021-22; increased by

• Performance 30.10%.

• (Consolidated)

• PAT of INR 16500.20 Lakhs in 9M 2022-23 vis-à-vis INR 10315.70 Lakhs in 9M 2021-22; increased by 59.95%.

MSTC Limited

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MSTC Limited 4 Standalone Financials Highlights-9M 2022-23 Particulars (INR Lakhs, unless stated) 9M 2022-23 9M 2021-22 YoY % chg. Total Revenue 36748.88 40923.90 -10.20% Marketing 9743.20 18572.90 -47.54% E-commerce 24485.72 20566.50 19.06% Others 2519.96 1784.50 41.21% EBITDA(pre-provisioning)1 28911.52 16979.20 70.28% Provisions and write-offs_(net of provisions written- _back) 7761.22 2178.60 256.25% Profit before Tax 20670.67 14251.10 45.05% Profit after Tax 16317.15 8874.90 83.86% EPS (in INR) 23.18 12.61 83.86% Cash Profit2 24548.86 11349.20 51.47% 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed asEBITDA pre provisioning less expenses made towards Interest and Tax	MSTC Limited 4 Standalone Financials Highlights-9M 2022-23 Particulars (INR Lakhs, unless stated) 9M 2022-23 9M 2021-22 YoY % chg. Total Revenue 36748.88 40923.90 -10.20% Marketing 9743.20 18572.90 -47.54% E-commerce 24485.72 20566.50 19.06% Others 2519.96 1784.50 41.21% EBITDA(pre-provisioning)1 28911.52 16979.20 70.28% Provisions and write-offs_(net of provisions written- _back) 7761.22 2178.60 256.25% Profit before Tax 20670.67 14251.10 45.05% Profit after Tax 16317.15 8874.90 83.86% EPS (in INR) 23.18 12.61 83.86% Cash Profit2 24548.86 11349.20 51.47% 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed asEBITDA pre provisioning less expenses made towards Interest and Tax	MSTC Limited 4 Standalone Financials Highlights-9M 2022-23 Particulars (INR Lakhs, unless stated) 9M 2022-23 9M 2021-22 YoY % chg. Total Revenue 36748.88 40923.90 -10.20% Marketing 9743.20 18572.90 -47.54% E-commerce 24485.72 20566.50 19.06% Others 2519.96 1784.50 41.21% EBITDA(pre-provisioning)1 28911.52 16979.20 70.28% Provisions and write-offs_(net of provisions written- _back) 7761.22 2178.60 256.25% Profit before Tax 20670.67 14251.10 45.05% Profit after Tax 16317.15 8874.90 83.86% EPS (in INR) 23.18 12.61 83.86% Cash Profit2 24548.86 11349.20 51.47% 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed asEBITDA pre provisioning less expenses made towards Interest and Tax
	EBITDA(pre-provisioning)1 28911.52 16979.20 70.28%
	Provisions and write-offs_(net of provisions written- _back) 7761.22 2178.60 256.25% Profit before Tax 20670.67 14251.10 45.05%
	Profit after Tax 16317.15 8874.90	83.86%
	EPS (in INR) 23.18 12.61	83.86%
		51.47%
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MSTC Limited 5 Standalone Financials Segment Reporting- 9M 2022-23 Particulars (INR Lakhs) 9M 2022-23 9M 2021-22 YoY % chg. Total value of goods traded through MSTC eco-system (INR bn) 1602.66 1053.28 52.16% Total Revenue 36748.88 40923.90 -10.20% Revenue – E-commerce 24485.72 20566.50 19.06% E-Auction/E-Sale 20467.00 7127.00 187.18% E-Procurement 197.00 88.00 123.86% Other Income 3821.72 13351.50 -71.38% Revenue – Marketing 9743.20 18572.90 -47.54% Total Expenses 16078.21 26672.80 -39.72% Profit Before Tax 20670.67 14251.10 45.05% Profit After Tax 16317.15 8874.90 83.86%

MSTC Limited 5 Standalone Financials Segment Reporting- 9M 2022-23 Particulars (INR Lakhs) 9M 2022-23 9M 2021-22 YoY % chg. Total value of goods traded through MSTC eco-system (INR bn) 1602.66 1053.28 52.16% Total Revenue 36748.88 40923.90 -10.20% Revenue – E-commerce 24485.72 20566.50 19.06% E-Auction/E-Sale 20467.00 7127.00 187.18% E-Procurement 197.00 88.00 123.86% Other Income 3821.72 13351.50 -71.38% Revenue – Marketing 9743.20 18572.90 -47.54% Total Expenses 16078.21 26672.80 -39.72% Profit Before Tax 20670.67 14251.10 45.05% Profit After Tax 16317.15 8874.90 83.86%

MSTC Limited 6 Consolidated Financials Highlights-9M 2022-23 Particulars (INR Lakhs, unless stated) 9M 2022-23 9M 2021-22 YoY % chg. Total Revenue 64679.45 69948.30 -7.53% Marketing 9743.20 18572.90 -47.54% E-commerce 24485.72 20566.20 19.06% Scrap recovery and allied jobs 19.96 24.40 -18.20% Others 30430.57 30784.80 -1.15% EBITDA(pre-provisioning)1 31482.07 21099.10 49.21% Provisions and write-offs (net of provisions written-back) 8045.78 2569.80 213.09% Share of JV -164.92 6.70 -2561.49% Profit before Tax 21809.47 16763.90 30.10% Profit after Tax 16500.20 10315.70 59.95% EPS (in INR) 23.44 14.65 59.95% Cash Profit2 26163.66 14397.10 81.73% 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 6 Consolidated Financials Highlights-9M 2022-23 Particulars (INR Lakhs, unless stated) 9M 2022-23 9M 2021-22 YoY % chg. Total Revenue 64679.45 69948.30 -7.53% Marketing 9743.20 18572.90 -47.54% E-commerce 24485.72 20566.20 19.06% Scrap recovery and allied jobs 19.96 24.40 -18.20% Others 30430.57 30784.80 -1.15% EBITDA(pre-provisioning)1 31482.07 21099.10 49.21% Provisions and write-offs (net of provisions written-back) 8045.78 2569.80 213.09% Share of JV -164.92 6.70 -2561.49% Profit before Tax 21809.47 16763.90 30.10% Profit after Tax 16500.20 10315.70 59.95% EPS (in INR) 23.44 14.65 59.95% Cash Profit2 26163.66 14397.10 81.73% 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
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Summary P&L Statement

		Standalone		Consolidated	Consolidated
Particulars (INR Lakhs)	9M 2022-23	9M 2021-22	% change	9M 2022-23	9M 2021-22	% change
Revenue from operations	23374.09	37966.80	-38.44%	52443.21	68032.00	-22.91%
Other Income	13374.79	2957.10	352.29%	12236.24	1916.30	538.53%
Total Revenue	36748.88	40923.90	-10.20%	64679.45	69948.30	-7.53%
Expenses
Purchases of Stock-in-Trade/Operational Consumables & Spares	0.00	15878.50	-100.00%	4801.99	19971.80	-75.96%
Employee benefit expense	5568.78	6363.60	-12.49%	13167.04	14168.50	-7.07%
Finance costs	9.14	253.80	-96.40%	9.14	253.80	-96.40%
Depreciation and amortisation expense	470.49	295.70	59.11%	1617.68	1511.60	7.02%
Provisions and write-offs	7761.22	2178.60	256.25%	8045.78	2569.80	213.09%
Other expenses	2268.58	1702.60	33.24%	15063.43	14715.60	2.36%
Total Expenses	16078.21	26672.80	-39.72%	42705.06	53191.10	-19.71%
Share of profit/(loss) of Joint Ventures	0.00	0.00	0.00%	-164.92	6.70	-2561.49%
Profit/(Loss) before tax	20670.67	14251.10	45.05%	21809.47	16763.90	30.10%
Tax expense	4353.52	5376.20	-19.02%	5309.27	6448.20	-17.66%
Profit/(Loss) for the period	16317.15	8874.90	83.86%	16500.20	10315.70	59.95%

MSTC Limited 7

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MSTC Limited

Thank You

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