Shares of MSTC jumped 20% on Friday, November 13, to an intraday high of ₹783.65 apiece on the BSE, moving closer to a 52-week high of ₹804 recorded in September 2026. The PSU stock has surged 116% from its 52-week low of ₹362 touched earlier in the year, and is now just 2.5% below its peak.
The rally followed the company's Q2 FY27 earnings. MSTC reported net profit of ₹74.92 crore, compared with ₹47.50 crore a year earlier, while revenue from operations rose 29.41% to ₹110 crore from ₹85 crore. Operating profit grew 43.39% to ₹73.89 crore, and net profit margin expanded to 68.1% from 55.9%. The investor presentation highlighted the company's highest-ever second-quarter profit before tax of ₹99.53 crore and profit after tax of ₹74.60 crore since its listing in March 2019.S1
For the first half of FY27, standalone EBITDA increased 41.19% to ₹184.55 crore, while PAT grew 41.99% to ₹132.72 crore. Consolidated H1 PAT rose 48.19% to ₹133.13 crore, and consolidated earnings per share climbed to ₹18.91 from ₹12.76. The company's e-commerce vertical recorded transactions worth more than ₹54,580 crore during the half, and it completed its planned exit from the legacy trading business.S1
Among the quarter's business developments, MSTC partnered with the Karnataka government's Excise Department to run e-auctions for liquor shop licences, with the first tranche fetching approximately ₹125 crore. It also sold an ONGC oil rig for about ₹55.2 crore, conducted the first coal gasification event for the Ministry of Coal, and launched Round 6 of UDAN covering helicopters and fixed-wing aircraft. It sold around 4 lakh metric tonnes of chrome valued at roughly ₹718 crore and 1.54 million metric tonnes of coal for ₹175 crore.S1
Looking ahead, MSTC said it is examining the feasibility of establishing coal and other mineral exchanges. Its business-to-business travel portal is ready and undergoing upgrades for business-to-consumer operations, and it is developing a Trade Receivables Discounting System platform, for which it has applied to the Reserve Bank of India for the requisite clearance.S1S2
