MSTC Secures Two-Year E-Auction Contract from Coal India

Government-owned e-commerce service provider MSTC Ltd announced on Friday (March 21) that it has received a work order from Coal India Limited (CIL) to act as an e-auction service provider for coal and coal products.

MSTC to Conduct Online Coal Auctions

The contract, which spans two years, will see MSTC facilitating online auctions for CIL and its subsidiaries. The company will be responsible for ensuring a smooth and transparent auction process for coal and related products.

In a regulatory filing, MSTC stated: “MSTC Limited has received a work order from Coal India Limited for engagement as an E-auction Service Provider for conducting e-auction of coal and coal products of CIL/Coal Companies for two years.”

Q3 FY25 Financial Performance 

MSTC also reported a massive 506.04% year-on-year (YoY) jump in net profit, reaching ₹250.9 crore for the third quarter ended December 31, 2024. This marks a significant surge from the ₹41.4 crore net profit reported in the same quarter of the previous fiscal.

The company attributed this remarkable growth to an exceptional gain of ₹275.5 crore in Q3FY25, compared to a loss of ₹1.9 crore in Q3FY24.

Stocks Performance 

On March 24, 2025, MSTC share price traded 5.81% higher at ₹544.75 at 10:33 AM (IST). MSTC’s share price reached a 52-week high of ₹1,037.00, and a 52-week low of ₹410.80. As per BSE, the total traded volume for the stock stood at 0.52 lakh shares with a turnover of ₹2.75 crores.

At the current price, MSTC’s shares are trading at a price-to-earnings (P/E) ratio of 10.79x, based on its trailing 12-month earnings per share (EPS) of ₹50.49, and a price-to-book (P/B) ratio of 5.37, according to exchange data.

Conclusion

MSTC’s latest contract with Coal India Limited strengthens its position in the e-commerce and auction services space.

With a robust financial performance and increasing revenue from operations, MSTC is poised for further growth in the coming quarters.

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