State Trading Corporation of India's Q1 FY 2025-26 Quarterly Results

Result Summary

• State Trading Corporation of India Ltd reported a 14.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 41.4%.
• Its expenses for the quarter were down by 6.5% QoQ and up 9.6% YoY.
• The net profit decreased 30.6% QoQ and decreased 64.2% YoY.
• The earnings per share (EPS) of State Trading Corporation of India Ltd stood at 1.64 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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 government-owned company involved in the trading industry, primarily focused on import and export operations. The company deals in a wide array of products including agricultural commodities, minerals, and various consumer goods, serving as a crucial arm for India's international trade. Established to promote international trade and facilitate the import and export of essential goods, the corporation plays a significant role in stabilizing commodity prices and ensuring the availability of key products in the domestic market. As of the latest available data, there are no recent major developments regarding the company, and any additional information regarding new products or strategic changes is not available in the provided data.

Revenue

In Q1FY26, State Trading Corporation of India Ltd reported a total income of ₹23.25 crores. This represents a decline of 14.9% quarter-over-quarter (QoQ) from the previous quarter's income of ₹27.33 crores in Q4FY25. Compared to the same quarter in the previous year (Q1FY25), where the total income was ₹39.65 crores, there is a 41.4% year-over-year (YoY) decrease. This significant reduction in revenue could be attributed to various internal or external factors affecting the trading environment, although specific reasons are not available from the data provided.

Profitability

The company's profit before tax for Q1FY26 was ₹9.82 crores, showing a decrease of 32.1% QoQ from ₹14.46 crores in Q4FY25 and a substantial YoY decrease of 64.2% from ₹27.45 crores in Q1FY25. Remarkably, the tax expense for Q1FY26 is recorded at ₹0.00 crores, down 100% from the previous quarter's tax of ₹0.30 crores. Consequently, the profit after tax also reflects a decrease of 30.6% QoQ, from ₹14.16 crores in Q4FY25 to ₹9.82 crores in Q1FY26, and a 64.2% YoY decrease from Q1FY25. The EPS for Q1FY26 stands at ₹1.64, down 72.1% QoQ from ₹5.88 and YoY from ₹4.58, indicating a significant impact on shareholder earnings.

Operating Metrics

The total expenses for State Trading Corporation of India Ltd in Q1FY26 were ₹13.42 crores, marking a decrease of 6.5% QoQ from ₹14.35 crores in Q4FY25. Notably, there is an increase of 9.6% YoY from ₹12.24 crores in Q1FY25. The reduction in expenses compared to the previous quarter, coupled with a year-over-year increase, reflects changes in the company's operational strategies or cost structures, though specific details are not available from the provided data. The absence of tax expenses in Q1FY26 also impacts the company's net income and profitability metrics, but the reasons behind this are not detailed in the current financial data.