Surat Trade & Merchantile Reports Mixed Financial Results for December Quarter 2024

Feb 11 2025 09:37 PM IST
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Surat Trade & Merchantile has released its financial results for the quarter ending December 2024, showing a significant increase in Profit After Tax to Rs 6.01 crore, a 70% rise from previous quarters. However, net sales declined by 24.2%, highlighting ongoing challenges despite some operational improvements.
Surat Trade & Merchantile, a microcap player in the textile industry, has reported its financial results for the quarter ending December 2024. The results, declared on February 11, 2025, indicate a notable shift in the company's evaluation, with its score adjusting to 16 from 20 over the past three months.

The financial data reveals several positive trends for Surat Trade. The Profit After Tax (PAT) for the quarter stands at Rs 6.01 crore, reflecting a significant growth of 70% compared to the average PAT of Rs 3.54 crore from the previous four quarters. Additionally, the company achieved its highest Operating Profit (PBDIT) in the last five quarters, recorded at Rs -0.58 crore, suggesting an upward trend in operational performance. The Profit Before Tax (PBT) also reached its peak at Rs -0.71 crore during the same period, indicating a positive trajectory.

However, challenges remain evident in the financial landscape. Net Sales for the quarter amounted to Rs 14.26 crore, which represents a decline of 24.2% from the average of Rs 18.83 crore over the previous four quarters. Furthermore, the company's reliance on non-operating income, which constitutes 118.39% of PBT, raises concerns about the sustainability of its business model.

Overall, Surat Trade's recent financial results highlight a complex picture of growth in certain areas while facing significant challenges in others.

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