5425972025-07-012025-09-305425972025-09-305425972025-03-315425972025-04-012025-09-305425972025-07-012025-09-30in-capmkt:OtherExpenses1Member5425972025-07-012025-09-30in-capmkt:OtherExpenses2Member5425972025-04-012025-09-30in-capmkt:OtherExpenses1Member5425972025-04-012025-09-30in-capmkt:OtherExpenses2Member5425972025-07-012025-09-30in-capmkt:ReportableSegments1Member5425972025-07-012025-09-30in-capmkt:ReportableSegments2Member5425972025-07-012025-09-30in-capmkt:ReportableSegments3Member5425972025-04-012025-09-30in-capmkt:ReportableSegments1Member5425972025-04-012025-09-30in-capmkt:ReportableSegments2Member5425972025-04-012025-09-30in-capmkt:ReportableSegments3Member5425972025-07-012025-09-30in-capmkt:ReportableSegments1Member5425972025-07-012025-09-30in-capmkt:ReportableSegments2Member5425972025-07-012025-09-30in-capmkt:ReportableSegments3Member5425972025-04-012025-09-30in-capmkt:ReportableSegments1Member5425972025-04-012025-09-30in-capmkt:ReportableSegments2Member5425972025-04-012025-09-30in-capmkt:ReportableSegments3Member5425972025-07-012025-09-30in-capmkt:ReportableSegments1Member5425972025-09-30in-capmkt:ReportableSegments1Member5425972025-07-012025-09-30in-capmkt:ReportableSegments2Member5425972025-09-30in-capmkt:ReportableSegments2Member5425972025-07-012025-09-30in-capmkt:ReportableSegments3Member5425972025-09-30in-capmkt:ReportableSegments3Member5425972025-07-012025-09-30in-capmkt:ReportableSegments1Member5425972025-09-30in-capmkt:ReportableSegments1Member5425972025-07-012025-09-30in-capmkt:ReportableSegments2Member5425972025-09-30in-capmkt:ReportableSegments2Member5425972025-07-012025-09-30in-capmkt:ReportableSegments3Member5425972025-09-30in-capmkt:ReportableSegments3Member5425972025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15425972025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25425972025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15425972025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares542597MSTCLTDNOTLISTEDINE255X01014MSTC LIMITEDMain BoardEquity2025-04-012026-03-312025-11-122025-10-31INRLakhsQuarterlySecond quarterMulti segment2025-11-1214:00:002025-11-1218:00:00trueCash Flow IndirectNot applicable2025-07-012025-09-30UnauditedConsolidated85006000017297100010230310000002309520000267180001037600003614300006616010000661601000155312000147990001701110000491490000000-16495000474995000211610004961560000000704000000106.756.75006.756.75Notes: <BR> 1) The above results for the quarter and half year ended 30th September 2025 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 12th November 2025. 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. <BR> <BR> 2) The consolidated results include share of net profit/loss after tax and total comprehensive income/loss of joint venture namely Mahindra MSTC Recycling Private Limited. <BR> <BR> 3) There were no exceptional items during the quarter and half year ended 30th September 2025. <BR> <BR> 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. 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 (OA) in the Debt Recovery Tribunal (DRT), Mumbai in the year 2012, which MSTC has denied and disputed. The matter is sub-judice and is contingent in nature, at this juncture. <BR> <BR> 5) Figures of the previous period/year have been regrouped/reclassified/rearranged to conform to the classification of the current period/year, wherever necessary.2025-04-012025-09-30UnauditedConsolidated16243220003352970001959619000000463428000049178000189109000701715000125790400001257904000306516000166670003231830000934721000000-363040008984170002434900092276600000007040000001012.7612.760012.7612.76Provision and write off0others103760000Provision and write off0others189109000195958400000040626000000129562000003313900016270100095350100013625050004478917000003102079000436650100077434140000375561000155875550000662960001565385100000201327680007040000007602905000830690500008306905000000035022000350220001088020000010466500024848900014500200003480001227604000122795200087490190001142699100014288400074990000011577374000001182586300020132768000Marketing47183000E-commerce975519000Others329000Marketing87388000E-commerce1871204000Others10270001023031000195961900010230310001959619000Marketing47040000E-commerce965192000Others-367126000Marketing86508000E-commerce1853950000Others-71885800064510600012216000006451060001221600000Marketing0E-commerce0Others0000Marketing0E-commerce0Others00001) In terms of IndAS 108 the Group has identified Marketing, E-Commerce as its two Primary Reportable Business Segments. There is no Secondary Segment. <BR> <BR> 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 liabilities.00-100070000-3976020000000-18323150000-878500000495510000-2159400000000334270000000062500000-2633462000-13755580000003610950000-173665300000000500000000060000176088000000000000000-2061794000000004853470000023211130000000000000000000584460000058446000037820410004366501000Remeaurment of the net defined benefit plans28117000Share of Other Comprehensive Income of Joint Venture12100028238000Remeaurment of the net defined benefit plans32214000Share of Other Comprehensive Income of Joint Venture24300032457000707700081080002116100024349000