State Trading Corporation of India Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- State Trading Corporation of India Ltd reported a 10.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9.4%.
- Its expenses for the quarter were up by 22.3% QoQ and 21.2% YoY.
- The net profit decreased 121.5% QoQ and decreased 88.5% YoY.
- The earnings per share (EPS) of State Trading Corporation of India Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 27.24 | 30.39 | 24.90 | -10.4% | 9.4% |
Total Expenses | 12.94 | 10.58 | 10.68 | 22.3% | 21.2% |
Profit Before Tax | 14.29 | -7.48 | 13.87 | -291.0% | 3.0% |
Tax | 12.69 | 0.00 | -0.10 | - | -12790.0% |
Profit After Tax | 1.61 | -7.48 | 13.98 | -121.5% | -88.5% |
Earnings Per Share | 0.30 | -1.30 | 2.30 | -123.1% | -87.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
State Trading Corporation of India Ltd is a prominent public sector enterprise in India, primarily dealing in the trade of a broad range of products. The company's main areas of operation include the import and export of essential goods such as agricultural products, minerals, metals, and engineering goods. As a trading entity, it plays a crucial role in supporting the Indian government’s initiatives in international trade. While recent specific developments concerning the company are not available in the provided data, traditionally, such organizations are influenced by global trade dynamics, governmental policies, and economic conditions.
Revenue
In Q3FY25, State Trading Corporation of India Ltd reported total income of ₹27.24 crores. This represents a decline of 10.4% compared to the previous quarter (Q2FY25), where the total income was ₹30.39 crores. However, when compared to the same quarter in the previous year (Q3FY24), there is a 9.4% increase in total income, which was ₹24.90 crores. This year-over-year growth indicates a positive change despite the quarter-over-quarter decrease. The company’s revenue is likely influenced by the fluctuations in global trade volumes and commodity prices, which impact trading corporations significantly.
Profitability
The company's profitability metrics show significant variability over the periods in question. In Q3FY25, Profit Before Tax (PBT) was ₹14.29 crores, a substantial recovery from a negative PBT of ₹-7.48 crores in Q2FY25, marking a dramatic quarter-over-quarter improvement of 291.0%. Compared to Q3FY24, where PBT was ₹13.87 crores, there is a modest year-over-year increase of 3.0%. Despite this, Profit After Tax (PAT) for Q3FY25 stands at ₹1.61 crores, down from ₹13.98 crores in Q3FY24, reflecting an 88.5% year-over-year decrease. The Earnings Per Share (EPS) also saw a similar trend, with Q3FY25 EPS at ₹0.30, compared to ₹2.30 in Q3FY24, representing an 87.0% decline. This indicates considerable tax implications in the current quarter, impacting net profitability.
Operating Metrics
Operating expenses for State Trading Corporation of India Ltd in Q3FY25 were ₹12.94 crores, reflecting an increase of 22.3% from Q2FY25, where expenses were ₹10.58 crores. Compared to Q3FY24, which recorded expenses of ₹10.68 crores, there is a 21.2% increase year-over-year. This increase in expenses suggests heightened operational activities or cost structures during the quarter. The tax figures for Q3FY25 also show a significant charge of ₹12.69 crores, as opposed to very minimal or zero tax in the previous quarters, impacting the overall profit figures. The financial figures indicate dynamic changes in the company’s financial management and operational strategies, which are crucial for understanding the quarterly performance.
