MSTCLTD2024-07-012024-09-30 MSTCLTD2024-07-012024-09-30 MSTCLTD2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member MSTCLTD2024-09-30 MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue04Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue04Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults04Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member MSTCLTD2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults04Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets04Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member MSTCLTD2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities04Member MSTCLTD2024-09-30in-bse-fin:OneReportableSegmentLiabilities04Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 542597 MSTCLTD NOTLISTED Mstc Limited Equity 2024-04-01 2025-03-31 2024-11-09 2024-11-01 INR Lakhs Half yearly 09:30:00 13:00:00 2024-11-09 2024-11-09 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 719185000.00 213467000.00 932652000.00 0.00 0.00 0.00 229885000.00 890000.00 26497000.00 85772000.00 343044000.00 589608000.00 -19392000.00 570216000.00 145963000.00 -5992000.00 139971000.00 0.00 430245000.00 200891000.00 51483000.00 149408000.00 -15783000.00 563870000.00 -4885000.00 558985000.00 0.00 0.00 0.00 0.00 704000000.00 10 5.89 5.89 2.12 2.12 8.01 8.01 0.00 0.00 0.00 Notes 1. With the completion of tenure of existing two Independent Directors on 31.10.2024, there are no Independent Director in the Board of the Company. Therefore, the Audit Committee could not be constituted. As a result, the Audit Committee meeting could not be held. The above results for the quarter and half year ended 30th September 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 and approved by the Board of Directors in their meeting held on 9th November 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 shareholders of MSTC Limited 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. Further to that as a significant development to the process of sale, the Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs, has approved Ms. Konoike Transport Co. Ltd. as Strategic Buyer for disinvestment of Ferro Scrap Nigam Limited FSNL, a 100 per cent subsidiary of MSTC Limited. The highest bid amounting to Rs. 32,000 Lakh Rupees Thirty two thousand lakh only of Ms. Konoike Transport Co. Ltd. for sale of 100 per cent equity shareholding of MSTC Ltd in Ferro Scrap Nigam Limited FSNL along with transfer of management control was approved through two stages open competitive bidding process. 3. The consolidated results include share of net profit or loss after tax and total comprehensive income or loss of joint venture, namely Mahindra MSTC Recycling Private Limited and the results of FSNL 100% Subsidiary Company under disinvestment as shown as income from discontinued operation. 4. 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. 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. The claim of SCB is contingent upon the outcome of 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. 5. Exceptional item of Rs 193.92 lakh, USD 2.30 Lakh is towards provision on account of a very old arbitration award under execution, which is subjudice. 6. Figures of the previous period year have been regrouped, reclassified, rearranged to conform to the classification of current period year, wherever necessary. 7. The Board of Directors has declared Interim Dividend at the rate of 40 per cent per equity share of face value of Rs. 10 each i.e. Rs. 4.00 per equity share for the financial year 2024-25. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 1409566000.00 383079000.00 1792645000.00 0.00 0.00 0.00 447093000.00 1771000.00 49599000.00 159819000.00 658282000.00 1134363000.00 -19392000.00 1114971000.00 284992000.00 -4832000.00 280160000.00 0.00 834811000.00 487811000.00 111972000.00 375839000.00 -27779000.00 1182871000.00 -8090000.00 1174781000.00 0.00 0.00 0.00 0.00 704000000.00 10 11.46 11.46 5.34 5.34 16.80 16.80 0.00 0.00 0.00 others 85772000.00 others 159819000.00 527087000.00 0.00 0.00 0.00 50055000.00 0.00 0.00 147041000.00 0.00 0.00 0.00 39613000.00 39613000.00 988059000.00 2465112000.00 4216967000.00 0.00 0.00 3108082000.00 2548220000.00 7729802000.00 0.00 340258000.00 13726362000.00 0.00 3816957000.00 17543319000.00 1003774000.00 0.00 22764060000.00 704000000.00 9009208000.00 9713208000.00 9713208000.00 0.00 0.00 39161000.00 39161000.00 170876000.00 0.00 0.00 861787000.00 1071824000.00 1450020000.00 1210791000.00 8042174000.00 10702985000.00 1266931000.00 9112000.00 0.00 0.00 11979028000.00 0.00 0.00 13050852000.00 22764060000.00 E-Commerce 885826000.00 Marketing 46417000.00 Others(unallocated) 409000.00 Profit (loss) from discontinued operations 0.00 E-Commerce 1680434000.00 Marketing 111993000.00 Others(unallocated) 218000.00 Profit (loss) from discontinued operations 0.00 932652000.00 1792645000.00 932652000.00 1792645000.00 E-Commerce 879104000.00 Marketing 45327000.00 Others(unallocated) -369998000.00 Profit (loss) from discontinued operations 200891000.00 E-Commerce 1667864000.00 Marketing 109135000.00 Others(unallocated) -689807000.00 Profit (loss) from discontinued operations 487811000.00 755324000.00 1575003000.00 Notes: 1) In terms of Ind AS 108 the Group has identified Marketing, E-Commerce and Scrap Recovery & 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 that it is currently not practicable to provide segment disclosure related to assets and liabilities. 755324000.00 1575003000.00 E-Commerce 0.00 Marketing 0.00 Others(unallocated) 0.00 Profit (loss) from discontinued operations 0.00 0.00 E-Commerce 0.00 Marketing 0.00 Others(unallocated) 0.00 Profit (loss) from discontinued operations 0.00 0.00 1771000.00 0.00 65310000.00 0.00 -20616000.00 0.00 0.00 0.00 0.00 -410073000.00 0.00 -88775000.00 0.00 49972000.00 76000.00 -30835000.00 0.00 0.00 0.00 0.00 0.00 382793000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -815963000.00 299008000.00 0.00 0.00 0.00 402584000.00 539049000.00 435473000.00 0.00 0.00 0.00 0.00 0.00 50000000.00 0.00 0.00 249000.00 10636000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -144202000.00 0.00 0.00 0.00 0.00 0.00 497037000.00 0.00 -342301000.00 0.00 238551000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 352000000.00 0.00 0.00 0.00 -352000000.00 322024000.00 0.00 322024000.00 2678306000.00 3000330000.00 -2065000.00 -5353000.00 2820000.00 2737000.00 0.00 0.00