MSTC Limited — Earnings Release 2024

May 27, 2024

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AJAY Digitally signed by AJAY KUMAR RAI KUMAR RAI Date: 2024.05.27 19:51:15 +05'30'

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May 28, 2024

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Earnings Release FY 2023-24

MSTC Limited

Disclaimer

This presentation and the accompanying slides (the “Presentation”), which have been prepared by MSTC Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks.

The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

MSTC Limited

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Key Highlights

Operational Performance (Standalone)

Financial Performance (Consolidated)

During the 2023-24, the Company crossed INR 1415.86 bn in terms of value of goods transacted through its marketing and e-commerce verticals.

• Revenues of INR 961.37 Crore in 2023-24 vis-à-vis revenues of INR 879.17 Crore in 202223 ; increased by 9.35%.

• PBT of INR 340.18 Crore in 2023-24 vis-à-vis INR 329.18 Crore in 2022-23 ; increased by 3.34%

MSTC Limited

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Key Highlights

Coal Mine Auction for Commercial Mining

Major Mineral Block Auction

Critical Mineral Block Auction

20 Coal Mine blocks have been successfully allotted through auction for commercial mining in FY 2023-24.

Major Mineral Block auction process has been launched in Uttarakhand . MoU has been signed with the Government of Bihar for e-auction of major mineral blocks in the State. 92 Major Mineral blocks have been successfully allotted through auctions for various States in FY 2023-24.

MSTC has developed the bidding portal for auction for leasing Critical Mineral Blocks. 6 (six) blocks of critical minerals have been auctioned successfully in FY 2023-24.

MSTC Limited

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Key Highlights

NPA Auctions

HMDA Plot Auction

UDAN- RCS Scheme

Plantation Lease

In FY 2023-24, 10815 Nos. of NPAs from various banks have been sold through auctions.

On behalf of Hyderabad Metropolitan Development Authority (HMDA), 345 residential plots have successfully sold through e-auction for a value of ₹7,500 Crore (approx.).

MSTC has successfully conducted 3 rounds of auctions for UDAN (Ude Desh ka Aam Naagrik) – Regional Connectivity Scheme.

On behalf of Odisha State Cashew Development Corporation Ltd, auctions have been conducted successfully to allot 4000 acres of cashew plantation on lease. MSTC Limited

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	Particulars (INR Crore, unless stated) 2023-24 2022-23 YoY % chg.
	Total Revenue 519.28 498.01 4.27% Marketing 123.89 115.50 7.26% E-commerce 364.09 348.93 4.34% Others 31.30 33.58 -6.79%
Standalone Financials Highlights – 2023-24
	Profit before Tax 284.44 313.48 -9.26%
	Profit after Tax 171.91 239.23 -28.14%
	EPS (in INR) 24.42 33.98 -28.13%
	MSTC Limited The Company has switched over to new tax regime having lesser tax rate @ 25.168% instead of current rate of 34.944%. Due to this the Deferred Tax Assets has to be restated with an impact of Rs. 37.06 crore in the statement of P&L.	6

	Particulars (INR Crore, unless stated) 2023-24 2022-23 YoY % chg.
Consolidated Financials Highlights – 2023-24
	Total Revenue 961.37 879.17 9.35% Marketing 123.89 115.50 7.26% E-commerce 364.09 348.93 4.34% Scrap recovery and allied jobs 467.73 414.16 12.93% Others 5.66 0.58 875.86%
	Share of JV -6.87 -2.65 159.25% Profit before Tax 340.18 329.18 3.34%
	Profit after Tax 204.37 241.96 -15.54%
	EPS (in INR) 29.03 34.37 -15.54%

The Holding Company has switched over to new tax regime having lesser tax rate @ 25.168% instead of current rate of 34.944%. due to this the Deferred Tax Assets has to be restated with an impact of Rs. 37.06 crore in the statement of P & L of holding company.

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MSTC Limited

Summary P&L Statement

Particulars (INR Crore)	Standalone Consolidated	Standalone Consolidated
	2023-24 2022-23 % change 2023-24 2022-23 % change
Revenue from operations	316.25 324.72 -2.61% 750.82 720.97 4.14%
Other Income	203.04 173.29 17.17% 210.55 158.20 33.09%
Total Revenue	519.29 498.01 4.27% 961.37 879.17 9.35%
Expenses
Purchases of Stock-in-Trade/Operational Consumables & Spares	- - 0.00% 63.08 64.08 -1.56%
Employee benefit expense	88.01 69.33 26.94% 200.02 171.80 16.43%
Finance costs	0.41 0.09 355.56% 0.41 0.09 355.56%
Depreciation and amortisation expense	7.32 6.41 14.20% 24.15 21.84 10.58%
Provisions and write-offs	102.70 76.66 33.97% 102.70 76.96 33.45%
Other expenses	36.41 32.03 13.67% 223.96 212.57 5.36%
Total Expenses	234.85 184.52 27.28% 614.32 547.34 12.24%
Share of profit/(loss) of Joint Ventures	- - 0.00% (6.87) (2.65) 159.25%
Profit/(Loss) before tax	284.44 313.49 -9.27% 340.18 329.18 3.34%
Tax expense	112.53 74.25 51.56% 135.81 87.22 55.71%
Profit/(Loss) for the period	171.91 239.24 -28.14% 204.37 241.96 -15.54%
MSTC Limited		8

MSTC Limited 8

Way Forward: FY ‘25

Going forward, MSTC would enhance the user experience by automating processes, offering value added services. New business models will also be developed to cater to the market requirements with focus on private sector using latest technology.

MSTC Limited

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MSTC Limited

Thank You

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

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MSTC Limited
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