Outcome of Board Meeting held on 29th May, 2026
MSTCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MSTC Limited reported standalone total income of Rs 45,303.69 Lakhs for FY26, up 16.9% from Rs 38,750.20 Lakhs in FY25. However, standalone profit after tax declined significantly to Rs 22,168.87 Lakhs from Rs 40,298.09 Lakhs in the previous year, primarily due to an exceptional gain of Rs 30,169.19 Lakhs from FSNL investment sale in FY25. The company recorded an impairment loss of Rs 144 Lakhs on its investment in Mahindra MSTC Recycling Private Limited, with cumulative impairment now at Rs 1,150 Lakhs. Other income includes Rs 1,471.19 Lakhs from write-back of liabilities older than five years. The board recommended a final dividend of Rs 8.10 per share (81%) for FY26, in addition to interim dividend already paid. The AGM will be held on September 24, 2026.
The 45% decline in PAT is a concern despite strong revenue growth, as the prior year included a one-time exceptional gain. The clean audit opinion and dividend recommendation provide some comfort to shareholders, but investors should monitor the contingent liability from the Standard Chartered Bank dispute.