Surat Trade And Mercantile announced Financial Results Q1 2024-25

The comprehensive analytics outlining the performance and outlook of Surat Trade and Mercantile Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Surat Trade and Mercantile Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 67.77 %. However, it did see a marginal increase of 51.42 % from the previous quarter. Expenses ticked up slightly by 51.15 % quarter-on-quarter, aligning with the annual rise of 45.22 %. Operating profit, while up 68.52 % compared to last year, faced a quarter-on-quarter dip of -44.07 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 16.1 %, but an expansion of 0.19 % sequentially. Other income rose by 101.31 % compared to the last quarter, despite an annual growth of 5.44 %. Interest expenses surged remarkably by 0 % from the previous quarter, Depreciation costs climbed by 22.22 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 55.93 % but saw an increase from the preceding quarter by 117.63 %.
Tax expenses as a percentage of profits decreased slightly by -21.85 % compared to last year, with a more notable quarter-on-quarter decrease of -24.1 %. Net profit rose by 103.64 % year-on-year but experienced a 193.19 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 108.33 % but a quarterly rise of 177.78 %. In summary, Surat Trade and Mercantile Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Surat Trade and Mercantile Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 67.77 % year-on-year growth, however, there was a minor increase of 51.42 % from the previous quarter. Expenses rose by 45.22 % compared to the previous year, with a 51.15 % increase quarter-on-quarter. Operating Profit surged by 68.52 % annually, and saw a -44.07 % decrease from the last quarter.
Net Profit showed yearly increase of 103.64 %, and experienced a 193.19 % increase from the previous quarter. Earnings Per Share (EPS) rose by 108.33 % annually, however rose by 177.78 % compared to the last quarter. In essence, while Surat Trade and Mercantile Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.