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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 18.73 % in the past year, decrease in net sales/revenue by -0.97 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 414.71 %. Marginal decrease of -26.16% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Surat Trade and Mercantile Limited. Profit dropped by -292.07 % Year to Year, Surat Trade and Mercantile Limited’s profitability dropped by -25.77 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -325.00 % Year to Year. EPS decreased by -25 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 12.711 Cr | Rs. 15.24 Cr | Rs. 15.092 Cr | -0.97 % | + 18.73 % |
| Expenses | Rs. 14.2 Cr | Rs. 15.82 Cr | Rs. 15.68 Cr | -0.88 % | + 10.42 % |
| Operating Profit | Rs. -1.49 Cr | Rs. -0.58 Cr | Rs. -0.59 Cr | -1.72 % | + 60.4 % |
| OPM % | -11.72 % | -3.81 % | -3.91 % | -0.1 % | + 7.81 % |
| Other Income | Rs. 0.68 Cr | Rs. 4.74 Cr | Rs. 3.5 Cr | -26.16 % | + 414.71 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0.04 Cr | 0 % | + 300 % |
| Depreciation | Rs. 0.11 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | -18.18 % |
| Profit before tax | Rs. -0.93 Cr | Rs. 4.12 Cr | Rs. 2.78 Cr | -32.52 % | + 398.92 % |
| Tax % | 11.3 % | 37.59 % | 31.46 % | -6.13 % | + 20.16 % |
| Net Profit | Rs. -1 Cr | Rs. 2.58 Cr | Rs. 1.91 Cr | -25.97 % | + 291 % |
| EPS in Rs | Rs. -0.04 | Rs. 0.12 | Rs. 0.09 | -25 % | + 325 % |
Today, we’re looking at Surat Trade and Mercantile Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 18.73 %. However, it did see a marginal slip of -0.97 % from the previous quarter. Expenses decreased slightly by -0.88 % quarter-on-quarter, aligning with the annual rise of 10.42 %. Operating profit, while up 60.4 % compared to last year, faced a quarter-on-quarter dip of -1.72 %, 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 7.81 %, but a shrinkage of -0.1 % sequentially. Other income fell by -26.16 % compared to the last quarter, despite an annual growth of 414.71 %. yet the year-over-year increase remains at a moderate 300 %. Depreciation costs climbed by 125 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -18.18 %. Profit before tax grew annually by 398.92 % but saw a reduction from the preceding quarter by -32.52 %.
Tax expenses as a percentage of profits increased slightly by 20.16 % compared to last year, with a more notable quarter-on-quarter decrease of -6.13 %. Net profit rose by 291 % year-on-year but witnessed a -25.97 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 325 % but a quarterly fall of -25 %. 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.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 12.711 Cr | Rs. 15.24 Cr | Rs. 15.092 Cr | -0.97 % | + 18.73 % |
| Expenses | Rs. 14.2 Cr | Rs. 15.82 Cr | Rs. 15.68 Cr | -0.88 % | + 10.42 % |
| Operating Profit | Rs. -1.49 Cr | Rs. -0.58 Cr | Rs. -0.59 Cr | -1.72 % | + 60.4 % |
| Net Profit | Rs. -1 Cr | Rs. 2.58 Cr | Rs. 1.91 Cr | -25.97 % | + 291 % |
| EPS in Rs | Rs. -0.04 | Rs. 0.12 | Rs. 0.09 | -25 % | + 325 % |
In reviewing Surat Trade and Mercantile Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.73 % year-on-year growth, although there was a slight dip of -0.97 % from the previous quarter. Expenses rose by 10.42 % compared to the previous year, with a decrease of -0.88 % quarter-on-quarter. Operating Profit surged by 60.4 % annually, and saw a -1.72 % decrease from the last quarter.
Net Profit showed yearly increase of 291 %, and experienced a -25.97 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 325 % annually, however dipped by -25 % compared to the last quarter. In essence, while Surat Trade and Mercantile Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
