MSTCLTD2023-10-012023-12-31 MSTCLTD2023-10-012023-12-31 MSTCLTD2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MSTCLTD2023-12-31 MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue04Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue04Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults04Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member MSTCLTD2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults04Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets04Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member MSTCLTD2023-12-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 542597 MSTCLTD NOTLISTED Mstc Limited Equity 2023-04-01 2024-03-31 2024-02-08 2024-01-29 INR Lakhs Third quarter 14:00:00 18:15:00 2024-02-08 2024-02-08 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 1849799000.00 194394000.00 2044193000.00 0.00 157365000.00 0.00 513792000.00 0.00 69545000.00 532461000.00 1273163000.00 771030000.00 0.00 771030000.00 261076000.00 -12612000.00 248464000.00 0.00 522566000.00 0.00 0.00 0.00 -22832000.00 499734000.00 -14693000.00 485041000.00 0.00 0.00 704000000.00 10 7.10 7.10 0.00 0.00 7.10 7.10 1) The above results for the quarter and nine months ended 31st December 2023 have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) notified under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 8th February 2024. The statutory auditor has reviewed the results as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR) as amended. 2) Section 115BAA of the Income Tax Act, 1961 provides domestic companies with an option to opt for lower tax rates, provided they do not claim certain deductions. The Holding Company has not opted for lower tax rate and has considered the rate as per the earlier provisions for the purpose of these results. But the Subsidiary Company (Ferro Scrap Nigam Limited) has opted for the tax at lower rates and has considered @ 25.168% for the purpose of these results. 3) The consolidated results include subsidiary namely Ferro Scrap Nigam Limited and share of net profit/loss after tax and total comprehensive income/loss of joint venture namely Mahindra MSTC Recycling Private Limited. 4) There were no exceptional items during the quarter and nine months ended 31st December 2023. 5) The shareholders of Holding Company in an Extra-ordinary General meeting dated 22.12.2021 have decided to sell the entire stake in Ferro Scrap Nigam Limited (100% Subsidiary Company). The process for sale has already been started. 6) In case of Holding Company, the Current Borrowings includes Rs. 14,361.97 Lakhs (Previous period Rs. 14,361.97 Lakhs) towards payment made by Standard Chartered Bank (SCB), after purchase of export bills of MSTC raised on foreign buyers against export of Gold Jewelries to the buyers during 2008-09, under a Receivable Purchase Agreement. On non-receipt of the proceeds from the foreign buyers against the bills, SCB submitted claims with the Insurance Company, who, however, wrongfully repudiated the claim of SCB. Thereafter, SCB converted the receivables purchased from MSTC under the Receivables Purchase Agreement into loans/ debts as if owing by MSTC, claimed the amount from MSTC with interest and filed a case, being the Original Application in the Debt Recovery Tribunal (DRT), Mumbai in the year 2012, which MSTC has denied and disputed. The claim of SCB is contingent upon the outcome of the legal cases. Pending final disposal of all such Court cases where the matters are currently pending, MSTC has disclosed the amount simultaneously as Borrowings and as Trade Receivables. The matter is sub-judice and is contingent in nature, at this juncture. 7) Other Income of Holding Company for the Quarter ended 30th September 2023 and Nine Months ended 31st December 2023 includes Rs. 534.03 lakhs interest received on pre deposit of Rs. 9,000.00 Lakhs with DRAT, on refund of the deposit. (refer note 6 Above) 8) Figures of the previous period/year have been regrouped/reclassified/rearranged to conform to the classification of current period/year, wherever necessary. 9) The Board of Directors of the Holding Company has approved second Interim dividend @ 50% percent of equity share capital of Rs.10.00 face value i.e. Rs. 5 per equity share for the F.Y. 2023-24. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 5517491000.00 636652000.00 6154143000.00 0.00 453275000.00 0.00 1520859000.00 0.00 178950000.00 1610498000.00 3763582000.00 2390561000.00 0.00 2390561000.00 702895000.00 71661000.00 774556000.00 0.00 1616005000.00 0.00 0.00 0.00 -56813000.00 1559192000.00 4827000.00 1564019000.00 0.00 0.00 704000000.00 10 22.15 22.15 0.00 0.00 22.15 22.15 Others 532461000.00 Others 1610498000.00 E-Commerce 830202000.00 Marketing 54616000.00 Others (unallocated) 572000.00 Scrap Recovery and Allied Jobs 1158803000.00 E-Commerce 2680487000.00 Marketing 169267000.00 Others (unallocated) 56541000.00 Scrap Recovery and Allied Jobs 3247848000.00 2044193000.00 6154143000.00 0.00 0.00 2044193000.00 6154143000.00 E-Commerce 820610000.00 Marketing 54314000.00 Others (unallocated) -385426000.00 Scrap Recovery and Allied Jobs 258700000.00 E-Commerce 2660749000.00 Marketing 167150000.00 Others (unallocated) -974436000.00 Scrap Recovery and Allied Jobs 480285000.00 748198000.00 2333748000.00 0.00 0.00 0.00 1. In terms of IndAS 108 the Group has identified Marketing, E-Commerce, and Scrap Recovery and Allied Jobs as its three Primary Reportable Business Segments. There is no Secondary Segment. 2. Assets and liabilities used in the Group business are not identified to any of the reportable segments, as these are used interchangeably between the segments. Hence the Management believes that it is currently not practicable to provide segment disclosure related to assets and liablities. 0.00 748198000.00 2333748000.00 E-Commerce 0.00 Marketing 0.00 Others (unallocated) 0.00 Scrap Recovery and Allied Jobs 0.00 0.00 0.00 0.00 E-Commerce 0.00 Marketing 0.00 Others (unallocated) 0.00 Scrap Recovery and Allied Jobs 0.00 0.00 0.00 0.00 -21307000.00 7054000.00 -6614000.00 2227000.00