Surat Trade and Mercantile Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 139.05 million compared to INR 125.68 million a year ago. Revenue was INR 185.95 million compared to INR 149.75 million a year ago. Net income was INR 19.13 million compared to net loss of INR 9.96 million a year ago. Basic earnings per share from continuing operations was INR 0.09 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.09 compared to INR 0.03 a year ago. Basic earnings per share was INR 0.09 compared to basic loss per share of INR 0.04 a year ago. Diluted earnings per share was INR 0.09 compared to diluted loss per share of INR 0.04 a year ago.
For the full year, sales was INR 605.64 million compared to INR 249.77 million a year ago. Revenue was INR 800.24 million compared to INR 346.29 million a year ago. Net income was INR 90.74 million compared to INR 624.2 million a year ago. Basic earnings per share from continuing operations was INR 0.41 compared to INR 0.14 a year ago. Diluted earnings per share from continuing operations was INR 0.41 compared to INR 0.14 a year ago. Basic earnings per share was INR 0.41 compared to INR 2.81 a year ago. Diluted earnings per share was INR 0.41 compared to INR 2.81 a year ago.