MSTC Q2 Profit Up 12% to Rs 47.49 Crore
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MSTC reports a 12% YoY increase in Q2 net profit to Rs 47.49 crore, driven by higher revenues. E-commerce segment contributes significantly.
New Delhi, Nov 12 (PTI) State-owned MSTC on Wednesday posted an over 12 per cent year-on-year (YoY) rise in consolidated net profit to Rs 47.49 crore in the September quarter, backed by increased revenues.
It had clocked a net profit of Rs 42.34 crore in the July-September period of FY25, the company said in an exchange filing.
MSTC increased its total income to Rs 102.30 crore against Rs 93.65 crore in the second quarter a year ago, posting a rise of 9 per cent YoY.
The e-commerce segment contributed mainly to income with Rs 97.55 crore revenues in the second quarter, up from Rs 89.56 crore a year ago.
Under the Ministry of Steel, MSTC provides comprehensive e-commerce services, including e-auctions, e-sales, e-procurement, and e-tenders.
It had clocked a net profit of Rs 42.34 crore in the July-September period of FY25, the company said in an exchange filing.
MSTC increased its total income to Rs 102.30 crore against Rs 93.65 crore in the second quarter a year ago, posting a rise of 9 per cent YoY.
The e-commerce segment contributed mainly to income with Rs 97.55 crore revenues in the second quarter, up from Rs 89.56 crore a year ago.
Under the Ministry of Steel, MSTC provides comprehensive e-commerce services, including e-auctions, e-sales, e-procurement, and e-tenders.
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