This has reference to our letter dated 19th May 2026 with respect to the intimation for holding the Board meeting inter alia to consider and approve the financial results of the Company ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Surat Trade and Mercantile Ltd reported FY2026 results showing strong revenue growth of 62% to Rs 11,135 lakhs from Rs 6,864 lakhs. However, Profit After Tax declined 5.9% to Rs 1,098 lakhs despite PBT growing 51% to Rs 1,399 lakhs, mainly due to higher tax expenses (Rs 312 lakhs vs Rs 133 lakhs). The company recognized a Rs 30.54 lakh impairment loss on a building reclassified as investment property. Cash flow from operations turned positive at Rs 1,764 lakhs compared to negative Rs 872 lakhs last year. The Board approved re-appointment of Mr. Suhail P. Shah as Wholetime Director for 5 years and appointed Ms. Ankita Shroff as Company Secretary. Statutory auditors issued an unmodified (clean) opinion on the financial results.
Revenue growth is strong at 62%, but PAT decline despite higher revenues is concerning and suggests margin pressure from increased tax outgo. The clean auditor opinion and positive cash flows are positives. Related party connection exists as the reappointed director is brother of the Managing Director.