Salt Trading Corporation (STC) Almost Doubles Net Profit in Q3 of FY 2079/80; Generates Rs. 5.77 Arba Through Core Revenue Stream
Thu, May 18, 2023 10:21 AM on Latest, Financial Analysis,
Salt Trading Corporation Limited (STC) has published its third-quarter report for the ongoing fiscal year almost doubling its Net Profit as the company has made Rs. 3.71 crores up to Q3.
The Revenue from sales of the company which is also the core revenue stream has increased by 17.44% to reach Rs. 5.77 Arba while the selling expenses have increased by 21.65% to climb to Rs. 5.07 Arba in the third quarter of FY 2079/80.
Meanwhile, both staff expenses and administrative expenses of the company have increased by 12.51 % and 15.84% up to the third quarter of the ongoing fiscal year compared to the corresponding quarter of FY 2078/79.
The Interest Expenses of the company has shrunk by 35.44% to reach Rs. 27.25 crores compared to Rs. 42.16 crores up to the third quarter of the previous fiscal year, which has contributed to the profitability of the company.
STC maintains a paid-up capital of Rs. 25.35 crores and has Rs. 1.35 Arba in the form of reserve and surplus.
The company has Rs. 1.46 Arba in the form of property, plant and equipment which is comparatively stable with the corresponding third quarter’s amount of the past fiscal year.
The Earnings per Share (EPS) ratio of the company is Rs 19.52 while it has a Net Worth of Rs. 632.89.
The closing price of the company at the end of the third quarter of the current fiscal year was Rs. 3960.
Major Financial Highlights:
| Particulars (In Rs '000) | Salt Trading Corporation | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 253,531.19 | 230,482.90 | 10.00% |
| Reserve and Surplus | 1,351,048.82 | 1,326,519.92 | 1.85% |
| Property, Plant & Equipment | 1,463,334.80 | 1,468,821.70 | -0.37% |
| Investment | 519,996.97 | 539,840.60 | -3.68% |
| Revenue from Sales | 5,770,216.97 | 4,913,249.99 | 17.44% |
| Selling expenses | 5,073,727.22 | 4,170,758.30 | 21.65% |
| Other Income | 26,095.18 | 55,500.00 | -52.98% |
| Administrative Expenses | 153,463.49 | 132,478.17 | 15.84% |
| Staff Expenses | 249,787.53 | 222,005.82 | 12.51% |
| Interest Expenses | 272,251.27 | 421,685.25 | -35.44% |
| Net Profit | 37,117.75 | 12,627.57 | 193.94% |
| EPS (In Rs.) | 19.52 | 10.96 | 78.15% |
| Net Worth per Share (In Rs.) | 632.89 | 675.54 | -6.31% |
| Qtr end PE Ratio (times) | 202.86 | - | - |
| Qtr End Market Price | 3960 | - | - |
