MSTCLTDNSEAugust 18, 2023

Mstc Limited

9,665words
36turns
5analyst exchanges
1executives
Management on call
Ansh Manek
Equirus Securities
Key numbers — 40 extracted
Rs.193.64 billion
24. The key highlights of the performance during Q1 is the revenue from operations which is about Rs.193.64 billion INR in terms of value of goods transacted through e-commerce and marketing. Marketing is, of cour
Rs.199.76 crore
ercentage of this. This is on a standalone basis, and as far as consolidated basis, the revenue is Rs.199.76 crores. This, if we compare with the Q1 of last year, 2022-23, then there is an increase of 2.53%. And
2.53%
199.76 crores. This, if we compare with the Q1 of last year, 2022-23, then there is an increase of 2.53%. And similarly, PBT of Q1 is Rs. 82.56 crores in comparison to Rs. 80.55 crores during Q1 of 20
Rs. 82.56 crore
ith the Q1 of last year, 2022-23, then there is an increase of 2.53%. And similarly, PBT of Q1 is Rs. 82.56 crores in comparison to Rs. 80.55 crores during Q1 of 2022-23. Now, the highlight here is that last yea
Rs. 80.55 crore
then there is an increase of 2.53%. And similarly, PBT of Q1 is Rs. 82.56 crores in comparison to Rs. 80.55 crores during Q1 of 2022-23. Now, the highlight here is that last year during Q1, there was an abnorma
20%
a steady platform. In fact, the iron ore prices have the year, and now it fallen by almost about 20% or so during the year. So, in spite of it, we are able to retain almost the same level of PBT. So,
Rs. 93.86
were able to manage that trajectory. So, on standalone basis, it is total revenue has grown from Rs. 93.86 cr to Rs. 100.63 cr, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. P
Rs. 100.63
nage that trajectory. So, on standalone basis, it is total revenue has grown from Rs. 93.86 cr to Rs. 100.63 cr, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. PBT has grown from
7.22 %
standalone basis, it is total revenue has grown from Rs. 93.86 cr to Rs. 100.63 cr, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. PBT has grown from Rs. 66.12 cr to Rs. 70
Rs. 67.76
enue has grown from Rs. 93.86 cr to Rs. 100.63 cr, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. PBT has grown from Rs. 66.12 cr to Rs. 70.56 cr. And profit after tax is almost
Rs. 72.27
from Rs. 93.86 cr to Rs. 100.63 cr, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. PBT has grown from Rs. 66.12 cr to Rs. 70.56 cr. And profit after tax is almost on the same lev
Rs. 66.12
r, a growth of 7.22 %. And EBITDA has grown from Rs. 67.76 cr to Rs. 72.27 cr. PBT has grown from Rs. 66.12 cr to Rs. 70.56 cr. And profit after tax is almost on the same level, like from Rs. 43.85 cr to Rs
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Guidance — 20 items
Mr. Yash
qa
“That's what Coal India gave in their guidance.”
Mrs. Bhanu Kumar
qa
“Now, what they mean is the quantum of coal that will be sold through auction is going up.”
Mrs. Bhanu Kumar
qa
“But that doesn't mean there will be increase in the number of events.”
Mrs. Bhanu Kumar
qa
“Would you be able to give any guidance as to how this is going to pan out?”
Mr. Yash
qa
“And the attention, the respect and the guidance given by the company secretary, Mr.”
Mr. Yash
qa
“It will be there and it will be auctioned.”
Mr. Harshit
qa
“Now, ifit is going to be some institutional seller, yes, there we will be getting some charges.”
Mr. Harshit
qa
“There will be always a mismatch, because here the break-up of total income is given, here the break-up of only revenue from operations, and other income is given.”
Mr. Harshit
qa
“Harshit: And secondly, | just want to know that why are we paying 37% tax rates, because if we are paying more tax rates, next quarter you will again show an entry, so that you can adjust the same taxes again.”
Mr. Harshit
qa
“So, what type of commitment do you want from us, so that you will be confident?”
Risks & concerns — 4 flagged
Somewhere we can is in the last concall also, and the earlier concall also, it is very difficult to tell how much expenditure we have incurred in setting a scraping collection and dismantling centre.
— Mr. Yash
No, my only concern is that we are a good e-commerce company, we are almost a monopoly business, but we are not able to leverage our company.
— Mr. Harshit
There is a BG that model is available but there also it has not taken much traction because most of our dients are finding it difficult to provide the BG because of stricter norms and limits by the bank.
— Mrs. Bhanu Kumar
Bhanu Kumar: That will be very difficult to say, because every time we put up, say, around the last time we had put up about 90 coal blocks for auction, and eventually only six were sold.
— Mrs. Bhanu Kumar
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Q&A — 5 exchanges
Q
Good afternoon. So, my first question is, could you give us the revenue mix for the e-auction in terms of product break-up? For example, coal or mineral for FY21, FY22, FY23, all the three financial years? Mrs. Bhanu Kumar: Product mix, especially of the e-auction, e-sale you want, right? Mr. Yash: Yes, whether it's coal or whether it's iron ore or whatever separate it is, but | want the product mix for all three years. Mrs. Bhanu Kumar: Right now, | don't have it, but one thing | can confirm is from the scrap sale, it is about 52% of the total revenue. | don't have the break-up immediately. M
Mrs. Bhanu Kumar
No, you are actually confusing between issues. For Coal India, we are selling their mined coal, right, for the blocks that are being mined by their subsidiaries. Coal block auctions, we are conducting for Ministry of Coal. There is a nominated authority who is conducting these coal block auctions. So, there again, whenever there is a successful auction of a particular block, then we get on the basis of that conditions, whether a particular block will actually be sold or not. per event. So, that obviously depends on the market Now, as far as Coal India is concerned, we are selling their coal th
Q
Through our portal, are the private vehicles also coming on our portal where we are earning 3% per vehicle? Mrs. Bhanu Kumar: For private vehicles, we are not earning on those charges. We are just charging on is more like almost a free service for the individuals of the some listing facility. It country. Now, ifit is going to be some institutional seller, yes, there we will be getting some charges. But as far as individuals are concerned, you and |, we can just go and there will hardly be any charges for that.
Mr. Harshit
Okay, thank you so much. My other question would be a very humble request from like the previous participant and all other PSUs have been sharing their my end, just updates regularly with their investors, stakeholders on a regular continuous basis. But as in our case, you guys are not being investor friendly, not sharing any update. | have already given suggestions in 2-3 conference calls that can you please share monthly updates that what actually you guys are doing. Even we are working in a duopoly business, we are just MSTC and M-Junction are the sole platforms which are auctioning everythi
Q
Good aftemoon, everyone. Regarding, the suggestions by the earlier person, | think it is better instead of the company management, answering on individual basis, you can in your website, investors relations, put all these questions and then answer, so that everyone of us will be on the same page, instead of trying to repeat the same answer for the different investors from the company management perspective. So, all the previous, whatever the questions or emails you will be receiving from the investors, if you can answer them in a transparent way for the benefit of all the investors. It will be
Mrs. Bhanu Kumar
Mr. Reddy. Thank you for your very valuable suggestions regarding investor relations portal, your suggestion is very well taken, we will definitely work on it and all your queries will be replied there so that all investors can go through that and the queries are there in the public domain. Now regarding FSNL status, Subrata, you want to say something? Yes, so Mr. Reddy, you asked about that process is still on and it is being followed up by DIPAM, Department of Investment and Public Asset Management. So, that process is yet to get completed but it is on the process only, various steps are bei
Q
Good afternoon, everyone. Thank you so much for giving me the opportunity. I just wanted to know the average age of employees that we presently have. Mrs. Bhanu Kumar: It is, as of date, about 37 to 38. | don't have the numbers ready. From the past data and memory, I'm actually recalling and telling you this. And we are in the process of some more recruitment at the entry level. So, average age is likely to go down further.
Mr. Manvardhan
Okay. And sort of in terms of recruitment, where are we doing our recruitment from, especially in terms of engineers etc.? What kind of institutes do we recruit from? Mrs. Bhanu Kumar: Our recruitment at the executive entry level is through a pan-India competition, competitive examination and a group discussion. And we have already advertised for various platforms. We meet people in the tech field, the systems department, and HR, the finance, the operations, MBA, marketing. So, from all kinds of fields, we are doing the recruitment. All these details are available in our company website as wel
Q
and (Listing Disclosure Requirements) Regulations, 2015. The transcript for the Investors’ Call has been made for purposes of compliances under SEBI For the transcript, best efforts have been made, while editing translated version of voice file for grammatical, punctuation formatting, others etc,, that it should not result any edit to the content or discussion. The audio recording of transcript is available at website of the company, viz. www.mstcindia.co.in. In case of discrepancy, the audio recordings available at website of the company shall prevail. This discussion contains based on the cu
Management
Speaking time
Moderator
8
Mrs. Bhanu Kumar
6
Mr. Harshit
6
Mr. Yash
4
Mr. Subrata Sarkar
4
Mr. Shriniwas
2
Mr Chirag
2
Mr. Manvardhan
2
MODERATOR
1
Safe Harbour
1
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