MSTC Ltd Q2 FY27 Net Profit Rises 57.73% to Rs 74.92 Crore

MSTC Ltd reported consolidated net profit of Rs 74.92 crore for Q2 FY27, up 57.73% year on year from Rs 47.50 crore, while revenue rose 29.42% to Rs 110.02 crore for the quarter ended September 30, 2026. The result shows that profit growth exceeded the increase in revenue during the July to September period.

What did MSTC Ltd report for Q2 FY27?

MSTC Ltd announced its Q2 FY27 consolidated results on November 12, 2026, covering the quarter from July through September 2026. Revenue was Rs 110.02 crore, compared with Rs 85.01 crore in Q2 FY26. This represents a year-on-year increase of 29.42%.

Net profit, or profit after tax, rose to Rs 74.92 crore from Rs 47.50 crore in the corresponding quarter a year earlier. The 57.73% increase in PAT was faster than revenue growth. Operating profit also rose 43.39% year on year to Rs 73.89 crore from Rs 51.53 crore.

How did the quarterly figures compare with last year?

The Q2 FY27 figures were higher across all three reported measures - revenue, operating profit and PAT - compared with Q2 FY26. Revenue increased by Rs 25.01 crore, operating profit increased by Rs 22.36 crore, and net profit increased by Rs 27.42 crore on a consolidated basis.

The reported PAT of Rs 74.92 crore was above operating profit of Rs 73.89 crore. The available result summary does not provide a detailed reconciliation of operating profit to PAT or explain the specific items affecting the relationship between these two measures. Investors would need the full financial statements and notes to assess the contribution from non-operating items, tax or other disclosed adjustments.

When were the results adopted and what period do they cover?

MSTC disclosed the results on November 12, 2026, following an intimation regarding a board meeting to adopt unaudited financial results for the quarter and half year ended September 30, 2026. The quarterly numbers therefore cover the three months from July 1 to September 30, 2026.

The available information identifies the figures as consolidated. Consolidated results generally combine the financial performance of the parent company and its applicable subsidiaries or controlled entities. This distinction matters because consolidated numbers can differ from standalone financial results, but no standalone comparison is provided in the supplied information.

What do the results mean for MSTC investors?

For investors, the main financial signal is that MSTC delivered growth in both top-line and profit measures over the comparable quarter of the previous year. Revenue growth of 29.42% was accompanied by a 43.39% increase in operating profit and a 57.73% rise in PAT, based on the reported consolidated data.

However, the supplied result summary does not include share-price performance, valuation measures, earnings per share, margins, segment revenue, order data or management guidance. As a result, the filing supports an assessment of year-on-year quarterly growth but does not, on its own, establish the reasons for the increase or indicate future performance.

Why is the consolidated basis important in this result?

The consolidated basis gives a group-level view of MSTC's reported revenue and profitability for the quarter. It is the appropriate basis for comparing the Q2 FY27 amounts of Rs 110.02 crore in revenue and Rs 74.92 crore in PAT with the corresponding Q2 FY26 figures stated in the filing.

The board-meeting intimation also referred to unaudited half-year results and a limited review report from statutory auditors for the period ended September 30, 2026. The supplied information does not state half-year revenue or profit figures. It also does not provide management commentary on business conditions, demand, costs or other operational drivers during the quarter.

Conclusion

MSTC's Q2 FY27 consolidated performance showed year-on-year expansion in revenue, operating profit and PAT. The company reported revenue of Rs 110.02 crore, operating profit of Rs 73.89 crore and net profit of Rs 74.92 crore, with PAT recording the fastest growth at 57.73% from the year-earlier quarter.

The next point to watch is the detailed unaudited financial statement for the quarter and half year ended September 30, 2026, including its notes and limited review report. These disclosures can provide further clarity on the components of profit and the financial factors behind the reported quarterly movement.