MSTC Limited released its Q2 FY25 financial results, reporting a decrease in both revenue and profit compared to the previous year.
Revenue Performance
YoY: The revenue for Q2 FY25 stands at ₹71.91 crore, showing a decline of 11.3% from ₹81.13 crore reported in Q2 FY24.
QoQ: Revenue also dropped by 3.7% from ₹69.04 crore in Q1 FY25.
Profit Performance
YoY: Profit for the period is ₹41.45 crore, down by 12% from ₹47.13 crore in Q2 FY24.
QoQ: Profit saw a decline of 6.4% from ₹39.26 crore in Q1 FY25.
Half-Year Performance
For the first half of FY25, MSTC’s revenue stands at ₹140.96 crore, down from ₹163.46 crore in the same period of the previous year, while profit totaled ₹80.70 crore, lower than the previous year’s ₹90.48 crore for the same period
These results reflect challenging market conditions, with MSTC facing revenue and profit declines on both yearly and quarterly bases.