MSTCLTD2024-01-012024-03-31 MSTCLTD2024-01-012024-03-31 MSTCLTD2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member MSTCLTD2024-03-31 MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue04Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue04Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults04Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member MSTCLTD2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults04Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets04Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member MSTCLTD2024-03-31in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 542597 MSTCLTD NOTLISTED Mstc Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-14 INR Lakhs Yearly 15:00:00 18:15:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 1990697000.00 1468891000.00 3459588000.00 0.00 177494000.00 0.00 479387000.00 4120000.00 62567000.00 1656096000.00 2379664000.00 1079924000.00 0.00 1079924000.00 -61534000.00 645085000.00 583551000.00 0.00 496373000.00 0.00 0.00 0.00 -11880000.00 484493000.00 -58644000.00 425849000.00 0.00 0.00 0.00 0.00 704000000.00 10 6.88 6.88 0.00 0.00 6.88 6.88 1) The above results for the quarter and year ended 31st March 2024 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 27th May 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) The figures for the quarter ended March 31, 2024 and March 31, 2023 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures up to the third quarter of respective financial years. 3) Pursuant to the introduction of Section 115BAA under the Income Tax Act, 1961, the Holding Company (MSTC Limited) has, during the financial year, opted for lower tax regime under the said Section for the financial year ended 31 March, 2024 and onwards, resulting in reduction of Current Tax by Rs. 253.54 Lakhs and additional charge of Rs. 123.06 Lakhs to Other Comprehensive Income. Consequently, the Holding Company has charged off the Deferred Tax Assets arising due to MAT credit and restated the Deferred Tax Assets, based on the revised effective tax rate 25.168%, resulting in one time charge of Deferred tax of Rs. 3706.72 Lakhs in the Statement of Profit and Loss, for the quarter and year ended 31 March, 2024. The Subsidiary Company (Ferro Scrap Nigam Limited) has already opted for the tax at lower rate and has considered @ 25.168% for the purpose of these results. 4) 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. 5) There were no exceptional items during the quarter and year ended 31st March 2024. 6) 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. 7) 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 Jewelleries to the buyers during 2008-09, under a Receivable Purchase Agreement. The matter is sub-judice and is contingent in nature, at this juncture. 8) Other Income of Holding Company for the year ended 31st March 2024 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 7 Above) 9) The audited Accounts are subject to Supplementary Audit by the Comptroller and Auditor General of India under section 143(6) of the Companies Act, 2013. 10) Figures of the previous period/year have been regrouped/reclassified/rearranged to conform to the classification of current period/year, wherever necessary. 11) The Board of Directors have recommended final dividend @ 50 percent of equity share capital i.e. Rs. 5.00 per share for the F.Y. 2023-24, subject to the approval of shareholders in the Annual General Meeting of the Company for F.Y 2023-24. If approved, it will result in a cash outflow of Rs. 3520.00 Lakhs. The Board of Directors have declared an interim dividend of Rs. 3872.00 Lakhs (Rs. 5.50 per share) on 3rd November 2023 and Rs. 3520.00 Lakhs (Rs. 5.00 per share) on 8th February 2024 for the financial year 2023-24. Multi segment 2023-04-01 2024-03-31 Audited Consolidated 7508188000.00 2105543000.00 9613731000.00 0.00 630769000.00 0.00 2000246000.00 4120000.00 241517000.00 3266594000.00 6143246000.00 3470485000.00 0.00 3470485000.00 641361000.00 716746000.00 1358107000.00 0.00 2112378000.00 0.00 0.00 0.00 -68693000.00 2043685000.00 -53817000.00 1989868000.00 0.00 0.00 0.00 0.00 704000000.00 10 8186427000.00 29.03 29.03 0.00 0.00 29.03 29.03 Others 629105000.00 Provision and write off 1026991000.00 Others 2239603000.00 Provision and write off 1026991000.00 1368605000.00 0.00 0.00 0.00 60485000.00 0.00 0.00 124952000.00 0.00 0.00 0.00 45165000.00 45165000.00 1076540000.00 2385618000.00 5061365000.00 53768000.00 0.00 5193084000.00 2678306000.00 8804702000.00 0.00 519572000.00 17195664000.00 152519000.00 17401951000.00 25292000.00 0.00 22488608000.00 704000000.00 8186427000.00 8890427000.00 8890427000.00 0.00 0.00 39750000.00 39750000.00 937539000.00 0.00 0.00 113229000.00 1090518000.00 1450020000.00 1672116000.00 8699677000.00 11821813000.00 467585000.00 218265000.00 0.00 0.00 12507663000.00 0.00 0.00 13598181000.00 22488608000.00 E-Commerce 960447000.00 Marketing 1069657000.00 Others(unallocated) 61000.00 Scrap Recovery & Allied Jobs 1429423000.00 E-Commerce 3640934000.00 Marketing 1238924000.00 Others(unallocated) 56602000.00 Scrap Recovery & Allied Jobs 4677271000.00 3459588000.00 9613731000.00 3459588000.00 9613731000.00 E-Commerce 950672000.00 Marketing 38544000.00 Others(unallocated) -322985000.00 Scrap Recovery & Allied Jobs 401813000.00 E-Commerce 3611421000.00 Marketing 205694000.00 Others(unallocated) -1297421000.00 Scrap Recovery & Allied Jobs 882098000.00 1068044000.00 3401792000.00 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 interchangably between the segments. Hence the Management believes, that it is currently not practicable to provide segment disclosure related to assets and liabilities. 1068044000.00 3401792000.00 E-Commerce 0.00 Marketing 0.00 Others(unallocated) 0.00 Scrap Recovery & Allied Jobs 0.00 0.00 E-Commerce 0.00 Marketing 0.00 Others(unallocated) 0.00 Scrap Recovery & Allied Jobs 0.00 0.00 4120000.00 -2301000.00 574824000.00 0.00 -197638000.00 0.00 0.00 0.00 0.00 -5079235000.00 0.00 101537000.00 0.00 242263000.00 -941000.00 -738758000.00 0.00 0.00 0.00 0.00 0.00 740612000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5836741000.00 -2366256000.00 0.00 0.00 0.00 754803000.00 0.00 -3121059000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7887000.00 1318969000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1785006000.00 0.00 0.00 0.00 0.00 0.00 654668000.00 0.00 0.00 0.00 -2441420000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 964480000.00 0.00 0.00 0.00 -964480000.00 -6526959000.00 0.00 -6526959000.00 9205265000.00 2678306000.00 -69865000.00 -62811000.00 -11221000.00 -8994000.00