MSTC Limited — Earnings Release 2026

Feb 11, 2026

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Ajay Digitally signed by Ajay Kumar Rai Kumar Rai Date: 2026.02.11 18:42:02 +05'30'

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February 12, 2026

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Earnings Release Q3 2025-26

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MSTC Limited
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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  During 9M 2025-26 Company Crossed INR 525.55 bn in terms of value of goods transacted Performance through its e-commerce and marketing verticals . (Standalone)

Financial Performance (Standalone)

• EBITDA of INR 199.95 crore in 9M 2025-26 vis-à-vis INR 182.41 crore in 9M 2024-25 .

• Profit/(loss) Before Exceptional Items of INR 192.29 crore in 9M 2025-26 vis-à-vis INR 175.29 crore in 9M 2024-25 .

• EBITDA of INR 199.95 crore in 9M 2025-26 vis-à-vis INR 182.41 crore in 9M 2024-25 .

• Financial Performance  Profit/(loss) Before Exceptional Items of INR 187.61 crore in 9M 2025-26 vis-à-vis INR (Consolidated) 170.94 crore in 9M 2024-25 .

MSTC Limited

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HIGHLIGHTS OF BUSINESS (3[rd] Quarter)

: Details of Major Business by MSTC

Major Business update

1. MSTC has signed Selling Agency Agreement (SAA) with Shri Mata Vaishno Devi Shrine Board (SMVDSB), Katra for conducting e-auction/e-sale of following items:-

2. a) E-Sale of Precious Metals, Gems Jewellery, ornaments, Coins, gold, silver and precious Stones

3. b) E-Auction of Scrap, Obsolete Items, condemned goods (including e-waste, battery scrap furniture items, metal scrap, paper, etc.

4. c) E-Auction of ELVs.

5. MSTC has signed an open-ended Agreement with the Central Information Commission and with the Ministry of AYUSH.

MSTC Limited

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HIGHLIGHTS OF BUSINESS (3[rd] Quarter)

Business Highlights:-

1. MSTC has sold about 3.5 million MT of Iron Ore valued at ₹ 1500 Crores on behalf of NMDC Limited in the 3[rd] Quarter.

2. MSTC has received bids for 22 coal blocks in the 13th and 14th round of Commercial Coal Block auctions.

Highlights of

Business

3. MSTC has successfully conducted the events on behalf of the Directorate General of Foreign Trade (DGFT) for allocating Tariff Rate Quotas (TRQ) for gold bullion and other commodities.

4. MSTC has allocated 127 No of Sand Blocks successfully on behalf of DGM, Government of Chhattisgarh.

5. The Technical bids for 17 mines out of a total of 21 mines put up for sale in tranche VI of Critical Mineral Auctions have been received.

6. MSTC has auctioned four prime plots on behalf of Hyderabad Metropolitan Development Authority (HMDA) and fetched a total revenue of ₹2,708 crore for HMDA.

7. MSTC will conduct 13 no of events for major mineral block on behalf of Directorate of Geology and Mining, Tamil Nadu, which consists of 1 limestone block is for mining lease and auction of 12 limestone blocks are for composite licence.

MSTC Limited

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WAY FORWARD

• CPCB – EPRETP Exchange

• • MSTC has been selected by CPCB to develop and operate India’s first Exchange for trading of Certificates in Extended Producer Responsibility Framework.

• • Dev & Live sites operational on infra provided by CPCB. Live site launched on 31.01.2026.

• • Actual trading expected by 31[st] March 2026.

• Future • With this MSTC is poised to strengthening its position in successfully designing and

• plans of commissioning of trading exchanges.

• Business Centralized Travel Booking Platform

• • MSTC is developing a comprehensive Travel Portal tailored for common citizens, corporate entities, and government employees.

• • The portal will offer customized proposals exclusively for government employees, alongside options for the general public and other corporates.

• • Key features include seamless booking for flights, hotels, holiday packages, bus/train tickets, car rentals, and activities.

• Expected launch timeline: 1st April 2026.

MSTC Limited 6

Standalone Financials Highlights –9M 2025-26		YoY % chg. 9M 2024-25 9M 2025-26	YoY % chg. 9M 2024-25 9M 2025-26
	Standalone Financials Highlights –9M 2025-26
		9.87% 275.47 302.67 Total Revenue 18.25% 1.26 1.49 Marketing 9.26% 197.91 216.23 E-commerce 11.34% 76.30 84.95 Others 10.38% 93.06 102.72 Expenses
		9.61% 182.41 199.95 EBITDA
		10.37% 6.94 7.66 Depreciation -100.00% 0.18 0.00 Interest
		9.70% 175.29 192.29 Profit/(loss) Before Exceptional Items
		-100.00% 273.54 0.00 Exceptional Item Income(Expenses)
		-57.16% 448.83 192.29 Profit/(loss) Before Tax
		-58.91% 112.92 46.40 Tax
		-56.57% 335.91 145.89 Profit/(loss) After Tax
		-56.57% 47.71 20.72 EPS (In Rs.)
		MSTC Limited	7

Standalone Financials Segment Reporting- 9M 2025-26	Standalone Financials Segment Reporting- 9M 2025-26	Standalone Financials Segment Reporting- 9M 2025-26	MSTC Limited 8 YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated) -17.84% 639.69 525.55 Total value of goods traded through MSTC eco- system (INR bn) 9.87% 275.47 302.67 Total Revenue 9.26% 197.91 216.23 Revenue – E-commerce 9.06% 193.64 211.19 E-Auction/E-Sale 18.03% 4.27 5.04 E-Procurement 11.34% 76.30 84.95 Other Income 18.25% 1.26 1.49 Revenue – Marketing 10.18% 100.18 110.38 Total Expenses 9.70% 175.29 192.29 Profit/(loss) Before Exceptional Items -100.00% 273.54 0.00 Exceptional Item Income(Expenses) -57.16% 448.83 192.29 Profit/(loss) Before Tax -58.91% 112.92 46.40 Tax -56.57% 335.91 145.89 Profit/(loss) After Tax	MSTC Limited 8 YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated) -17.84% 639.69 525.55 Total value of goods traded through MSTC eco- system (INR bn) 9.87% 275.47 302.67 Total Revenue 9.26% 197.91 216.23 Revenue – E-commerce 9.06% 193.64 211.19 E-Auction/E-Sale 18.03% 4.27 5.04 E-Procurement 11.34% 76.30 84.95 Other Income 18.25% 1.26 1.49 Revenue – Marketing 10.18% 100.18 110.38 Total Expenses 9.70% 175.29 192.29 Profit/(loss) Before Exceptional Items -100.00% 273.54 0.00 Exceptional Item Income(Expenses) -57.16% 448.83 192.29 Profit/(loss) Before Tax -58.91% 112.92 46.40 Tax -56.57% 335.91 145.89 Profit/(loss) After Tax	MSTC Limited 8 YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated) -17.84% 639.69 525.55 Total value of goods traded through MSTC eco- system (INR bn) 9.87% 275.47 302.67 Total Revenue 9.26% 197.91 216.23 Revenue – E-commerce 9.06% 193.64 211.19 E-Auction/E-Sale 18.03% 4.27 5.04 E-Procurement 11.34% 76.30 84.95 Other Income 18.25% 1.26 1.49 Revenue – Marketing 10.18% 100.18 110.38 Total Expenses 9.70% 175.29 192.29 Profit/(loss) Before Exceptional Items -100.00% 273.54 0.00 Exceptional Item Income(Expenses) -57.16% 448.83 192.29 Profit/(loss) Before Tax -58.91% 112.92 46.40 Tax -56.57% 335.91 145.89 Profit/(loss) After Tax
				YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated)
	Standalone Financials Segment Reporting- 9M 2025-26
				-17.84% 639.69 525.55 Total value of goods traded through MSTC eco- system (INR bn) 9.87% 275.47 302.67 Total Revenue 9.26% 197.91 216.23 Revenue – E-commerce 9.06% 193.64 211.19 E-Auction/E-Sale 18.03% 4.27 5.04 E-Procurement 11.34% 76.30 84.95 Other Income 18.25% 1.26 1.49 Revenue – Marketing 10.18% 100.18 110.38 Total Expenses
				9.70% 175.29 192.29 Profit/(loss) Before Exceptional Items
				-100.00% 273.54 0.00 Exceptional Item Income(Expenses)
				-57.16% 448.83 192.29 Profit/(loss) Before Tax
				-58.91% 112.92 46.40 Tax
				-56.57% 335.91 145.89 Profit/(loss) After Tax
			MSTC Limited		8

Consolidated Financials Highlights 9M–2025-26			YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated)	YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated)	YoY % chg. 9M 2024-25 9M 2025-26 Particulars (INR Crore, unless stated)
	Consolidated Financials Highlights 9M–2025-26
			9.87% 275.47 302.67 Total Revenue 18.25% 1.26 1.49 Marketing 9.26% 197.91 216.23 E-commerce 11.34% 76.30 84.95 Others 10.18% 100.18 110.38 Expenses
			9.70% 175.29 192.29 Profit Before Tax and Share of JV
			-7.49% -4.35 -4.68 Share of profit/(loss) of Joint Ventures
			9.75% 170.94 187.61 Profit/(loss) Before Exceptional Items
			-100.00% 273.54 0.00 Exceptional Item Income(Expenses)
			-57.79% 444.48 187.61 Profit/(loss) Before Tax
			-58.91% 112.92 46.40 Tax
			-57.41% 331.56 141.21 Profit After Tax
			-57.41% 47.10 20.06 EPS (In Rs.)
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Summar P&L Statement y

	Particulars (INR Crore)	Standalone 9M 2024-25 9M 2025-26	Standalone 9M 2024-25 9M 2025-26	% change	Consolidated 9M 2024-25 9M 2025-26	Consolidated 9M 2024-25 9M 2025-26	% change
	Revenue from operations	250.86	222.10	12.95%	250.86	222.10	12.95%
	Other Income	51.81	53.37	-2.92%	51.81	53.37	-2.92%
	Total Revenue	302.67	275.47	9.87%	302.67	275.47	9.87%
	Employee benefit expense	72.91	66.87	9.04%	72.91	66.87	9.04%
	Finance costs	0.00	0.18	-100.00%	0.00	0.18	-100.00%
	Depreciation and amortisation expense	7.66	6.94	10.37%	7.66	6.94	10.37%
	Provisions and write-offs	0.00	0.00	-	0.00	0.00	-
	Other expenses	29.81	26.19	13.82%	29.81	26.19	13.82%
	Total Expenses	110.38	100.18	10.18%	110.38	100.18	10.18%
	Share ofprofit/(loss)ofJoint Ventures			-	-4.68	-4.35	-7.49%
	Profit/(Loss) Exceptional Item Income(Expenses)	192.29	175.29	9.70%	187.61	170.94	9.75%
	Exceptional Item Income(Expenses)	0.00	273.54	-100.00%	0.00	273.54	-100.00%
	Profit/(loss) Before Tax	192.29	448.83	-57.16%	187.61	444.48	-57.79%
	Tax expense	46.40	112.92	-58.91%	46.40	112.92	-58.91%
	Profit/(Loss) for theperiod	145.89	335.91	-56.57%	141.21	331.56	-57.41%

MSTC Limited 10

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MSTC Limited

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www.mstcindia.co.in

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MSTC Limited
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