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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
MSTC Ltd

MSTC Q2 FY27 Profit Up 51.79% to Rs. 7,460.56 Lakhs; Secures RBI TReDS Approval

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 12 Nov 2026, 05:59 PM IST  ·  BSE ID: 432d4774-c2b4-4740-a97a-b32b477a4a63
View Original BSE Filing (PDF)
💡
In Simple Terms
MSTC reported a significant jump in quarterly profit and secured initial approval to operate a new digital trade finance platform from RBI.
🤖 AI Summary
  • MSTC Limited reported standalone net profit of Rs. 7,460.56 Lakhs for Q2 FY27, a 51.79% increase YoY.
  • Revenue from operations stood at Rs. 11,002.36 Lakhs for the quarter ended 30th September 2026, up from Rs. 8,500.60 Lakhs YoY.
  • The Reserve Bank of India granted In-Principle authorisation to MSTC for setting up and operating a Trade Receivables Discounting System (TReDS).
  • The company's Board noted the discontinuation of the procurement business in the Marketing division starting FY2026-27.
  • Standalone total income for Q2 FY27 reached Rs. 13,921.14 Lakhs, compared to Rs. 10,230.31 Lakhs in Q2 FY26.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit/(Loss) for the period (Q2 FY27)
7,460.56 Lakhs
51.79%
Revenue from operations (Q2 FY27)
11,002.36 Lakhs
29.43%
Total Income (Q2 FY27)
13,921.14 Lakhs
36.08%
Profit Before Tax (Q2 FY27)
9,953.72 Lakhs
50.45%
Earnings Per Equity Share - Basic (Q2 FY27)
10.59
51.72%
🏢 How This Affects the Company
📈
Business Impact
The RBI's In-Principle authorisation for a TReDS platform introduces a new business avenue for MSTC, potentially diversifying its service offerings. The discontinuation of the BG backed procurement business under the Marketing division indicates a strategic shift away from that segment.
💰
Financial Impact
The company's standalone net profit increased by 51.79% YoY to Rs. 7,460.56 Lakhs in Q2 FY27, reflecting improved earnings. Revenue from operations grew 29.43% YoY to Rs. 11,002.36 Lakhs, contributing to the total income growth.
⚙️
Operational Impact
Discontinuing the procurement business under the Marketing division means a streamlining of operations for MSTC, ceasing that specific segment from FY2026-27. Setting up a TReDS platform will involve new operational procedures and technology infrastructure.
⚠️
Risk Impact
The TReDS authorisation introduces regulatory and operational compliance requirements as MSTC moves towards establishing the platform. The cessation of the Marketing division's procurement business eliminates associated business risks from that specific model.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the improved financial performance and the strategic business development in securing RBI's TReDS authorisation, which could influence future growth trajectories.
🔍
Management Signal
Management is focusing on profitability and exploring new business avenues like TReDS, while also discontinuing segments such as the Marketing division's BG backed procurement business.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Regulatory updates on the establishment and operation of the TReDS platform.
Q3 FY27 financial results — check revenue and profit trends.
Details on the transition or impact from the discontinuation of the Marketing division's procurement business.
LOW RISK The filing indicates improved financial performance and a new business opportunity, with no immediately apparent new risks.
💡 Investor Takeaway
MSTC Limited reported a standalone net profit of Rs. 7,460.56 Lakhs for Q2 FY27, marking a 51.79% increase from Rs. 4,914.90 Lakhs in Q2 FY26. Revenue from operations for the quarter was Rs. 11,002.36 Lakhs, up 29.43% YoY from Rs. 8,500.60 Lakhs. The company also received RBI's In-Principle authorisation for TReDS.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone net profit increased by 51.79% YoY to Rs. 7,460.56 Lakhs for Q2 FY27, demonstrating strong earnings growth.
  • Revenue from operations grew by 29.43% YoY to Rs. 11,002.36 Lakhs in Q2 FY27, indicating business expansion.

⚠️ Concerns

  • Trade Receivables decreased to Rs. 14,337.56 Lakhs as of 30th September 2026 from Rs. 22,690.48 Lakhs as of 31st March 2026.
  • The discontinuation of the procurement business under the BG backed model means the Marketing division ceased to exist from FY2026-27, removing a segment of operation.
📅 Company Track Record
MSTC's Q2 FY27 standalone net profit of Rs. 7,460.56 Lakhs shows a 51.79% increase over Q2 FY26. This builds on the Q2 FY27 profit of Rs. 7,460.56 Lakhs previously noted in a November 12, 2026 filing, consistent with current results. The company has secured RBI TReDS approval.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was MSTC's standalone net profit in Q2 FY27?
MSTC Limited reported a standalone net profit of Rs. 7,460.56 Lakhs for the quarter ended 30th September 2026 (Q2 FY27).
How did MSTC's revenue from operations change in Q2 FY27?
Revenue from operations for MSTC in Q2 FY27 was Rs. 11,002.36 Lakhs, representing a 29.43% increase compared to Rs. 8,500.60 Lakhs in Q2 FY26.
What significant authorisation did MSTC receive?
MSTC received In-Principle authorisation from the Reserve Bank of India to set up and operate a Trade Receivables Discounting System (TReDS) under the Payment and Settlement Systems Act, 2007.
What is the status of MSTC's Marketing division?
The Company has decided to discontinue the procurement business under the BG backed model of the Marketing division, which ceased to exist from FY2026-27.
What was MSTC's Basic Earnings Per Share in Q2 FY27?
MSTC's Basic Earnings Per Equity Share was 10.59 in Q2 FY27, compared to 6.98 in Q2 FY26.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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