Ministry of Steel, Government of India holds the administrative authority for MSTC Limited, a Mini Ratna Category-I PSU. Leading PSU organization providing e-Auction/e-Sale, e-Procurement services, and building specialized software/solutions catering to various industry sectors. The company has declared its Q3 earnings today with dividend yield of 63% for FY 2022-23.
MSTC in a stock exchange filing today stated that “The Board has also declared Second Interim Dividend @ 63% i.e. Rs. 6.30 per Equity Share of face value of Rs. 10/- each for the financial year 2022-23. Interim Dividend shall be paid within 30 days from the date of its declaration. In accordance with Regulation 42 of the Listing Regulations, the Board has fixed February 22, 2023 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. The dividend shall be credited to the account of the shareholders or the dividend warrant in respect thereof shall be dispatched within 30 days from the date of its declaration.”
On a standalone basis, the company posted revenue from operations of 70.44 Cr in Q3FY23 as compared to Rs. 85.84 Cr in Q3FY22, representing a decline of 17.94% YoY. MSTC records net expenditure 28.59 crore in the quarter ending December 2022 as compared to 37.90 crore in the quarter ending December 2021. Company declared net profit As compared to 47.84 Cr in Q3FY23 36.15 Cr in the year-ago quarter, representing a growth of 32.33% YoY. MSTC’s EPS stood at as compared to 6.80 in Q3FY23 5.14 in Q3FY22.
The company’s total segment-wise revenue reached 90.23 crore in the quarter ending December 2022 as against 97.18 crore in the year-ago quarter. This includes marketing revenue As compared to 5.02 Cr in Q3FY23 E-commerce revenue of ₹9.36 crore in Q3FY22 77.14 crore against 81.33 Cr in Q3FY22, and others (unallocated) revenue against 8.05 crores 6.48 crore in the year-ago quarter.
Shares of MSTC Limited closed on NSE on Friday 298.20 each level, up 0.98% from previous close 295.30.
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