Bombay Burmah share price rose over 11% despite the firm’s announcement about the termination of its agreement with MSTC Limited, effective November 18, 2025.
The agreement, which allowed MSTC to act as a selling agent for BBTC’s immovable properties through e-auctions, is being ended due to an unsuccessful online bidding process that was inconsistent with BBTC’s strategies.
BBTC reports no material impact on its operations from this decision. The company has informed stock exchanges of this development in compliance with SEBI regulations, clarifying that there is no shareholding between the two companies and that MSTC is not related to BBTC’s promoter group or group companies.
Bombay Burmah Trading Corporation Ltd announced last week that its net profit for the September quarter fell by 4.4% year-on-year to ₹242 crore, down from ₹253 crore during the same time last year.
Revenue increased by 3.8% to ₹4,942.8 crore, compared to ₹4,760.8 crore a year prior.
EBITDA climbed by 29.3% to ₹938.6 crore, compared to ₹724 crore in the previous year. The EBITDA margin improved to 19%, rising from 15.2% year-on-year.
(more to come)