The State Trading Corporation of India LimitedQuarter ended 30.06.2026 Results & Financial Update
The State Trading Corporation of India Limited: Quarter ended 30.06.2026 standalone results and company financials – total income ₹16.92 Cr, PAT ₹2.84 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore The State Trading Corporation of India Quarter ended 30.06.2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the quarter ended 30 June 2026, The State Trading Corporation of India Limited recorded total income of INR 16.92 crore (INR 1,692.38 lakh), representing an increase compared to INR 23.02 crore in the corresponding quarter of the previous year and INR 25.60 crore in the preceding quarter.
Operating revenue from core business activities remained nil as commercial trading operations continue to be suspended under the directive of the administrative ministry.
Total income for the period was entirely derived from other income sources, primarily reflecting returns on financial balances, rental income, and sundry adjustments.
Profit before tax (PBT) and profit after tax (PAT) for Q1 FY27 both stood at INR 2.84 crore (INR 284.09 lakh), reflecting declines compared to both the year-ago quarter and the previous quarter.
Basic and diluted earnings per share (EPS) for the quarter stood at INR 0.47, compared to INR 1.64 in Q1 FY26 and INR 2.74 in Q4 FY26.
The company's financial results continue to reflect statutory qualifications and observations raised by statutory auditors regarding non-provisioning for disputed trade receivables, unvalued assets held for sale, and pending litigation matters.
During the quarter ended June 30, 2026, STC recorded total income of INR 16.92 crore (INR 1,692.38 lakh), representing a decrease compared to the previous quarter ended March 31, 2026, where total income was INR 25.60 crore (INR 2,559.54 lakh), but an increase compared to the corresponding quarter of the previous year ended June 30, 2025, which stood at INR 23.02 crore (INR 2,302.26 lakh).
Profit before tax (PBT) and Profit after tax (PAT) for the quarter were identical at INR 2.84 crore (INR 284.09 lakh), reflecting a decrease compared to PBT of INR 13.55 crore and PAT of INR 9.93 crore in the preceding quarter, and compared to PBT and PAT of INR 9.83 crore in the same quarter of the previous year.
01 · Business model
What does The State Trading Corporation of India do?
The State Trading Corporation of India Limited operates as a public sector commercial enterprise under the administrative control of the Ministry of Commerce and Industry, Government of India.
Following directives issued by the administrative ministry and board resolutions, the company has operated as a non-operating entity since FY 2021-22 and prepares its accounts on a non-going concern basis while being evaluated for closure.
The company's remaining assets are largely held for disposal, comprising commercial real estate, land parcels, and legacy financial assets, while active trading operations remain suspended.
02 · Historical context
What shaped the business before this quarter
Since August 2019 decisions by the administrative ministry and subsequent board resolutions in April 2021, the company transitioned to operate as a non-operating entity and prepared its financial statements on a non-going concern basis starting from FY 2021-22.
Effective April 1, 2021, all assets previously categorized under Property, Plant and Equipment, Capital Work-in-Progress, Investment Property, and Intangible Assets were transferred to 'Non-Current Assets held for disposal' and recorded at carrying values as of March 31, 2021.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended 30.06.2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Total income | ₹16.92 Cr | ₹23.02 Cr | ₹25.60 Cr |
| Profit before tax | ₹2.84 Cr | ₹9.83 Cr | ₹13.55 Cr |
| Profit after tax | ₹2.84 Cr | ₹9.83 Cr | ₹9.93 Cr |
| EPS | ₹0.47 | ₹1.64 | ₹2.74 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The company reported zero revenue from operations for Q1 FY27, consistent with its non-operating status and ongoing wind-down deliberations.
Total income of INR 16.92 crore for the quarter was composed entirely of other income items, including interest, rental income, and miscellaneous adjustments.
The company reported zero revenue from operations during the quarter, with all income originating entirely from other income items.
What drove margins
Employee benefit expenses for Q1 FY27 stood at INR 8.07 crore (INR 807.03 lakh), compared to INR 6.86 crore in Q1 FY26 and INR 5.25 crore in Q4 FY26.
Finance costs for the quarter were recorded at INR 0.56 crore (INR 56.29 lakh), reflecting minor borrowing or interest obligations compared to INR 0.48 crore a year ago.
Other operating and administrative expenses were managed at INR 5.45 crore (INR 544.64 lakh) for the quarter, compared to INR 5.85 crore in the corresponding period of the previous year.
Employee benefit expenses formed the largest cost component during the quarter at INR 8.07 crore.
Finance costs for the quarter were recorded at INR 0.56 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Segment revenue and segment results for export, import, and domestic divisions remained nil during the quarter as commercial trading activities remained inactive.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The company continued to function on a non-going concern basis under the guidance of the administrative ministry, with corporate focus remaining on asset monetization, litigation resolution, and closure formalities.
07 · Reported developments
What changed operationally
The company reported a net profit after tax of INR 2.84 crore for Q1 FY27, maintaining positive quarterly earnings supported by other income.
08 · Pressure points & risks
What is not going smoothly
Statutory auditors issued a qualified review report highlighting unprovided disputed receivables, pending title deed executions for properties held for sale, unreconciled GST balances, and lack of independent directors leading to non-compliance with SEBI LODR regulations.
Both NSE and BSE levied cumulative fines of approximately INR 148.73 lakh on the company for non-compliance with SEBI regulations regarding board composition and delayed financial filings during prior periods, for which waiver applications have been filed.
Both BSE and NSE levied cumulative fines on STC for non-compliance with SEBI LODR regulations regarding board composition and committee meetings, driven by the absence of the required number of independent directors appointed by the ministry.
The statutory auditors highlighted multiple qualifications, including non-provisioning for disputed trade receivables, un-reconciled GST balances, and pending title deed executions for several leasehold and freehold properties.
09 · Items worth noticing
The line items that can distort a quick read
The company reported minor exceptional items of INR 0.33 lakh (net income) for the quarter ended June 30, 2026.
The company reported net exceptional items of INR 0.0033 crore (INR 0.33 lakh) during the quarter.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Total trade receivables stood at INR 1,69,934.78 lakh as of June 30, 2026, which includes INR 62,727.62 lakh of provisions for doubtful debts and INR 1,07,207.16 lakh classified as having significant increase in credit risk under ongoing litigation.
Capital allocation & funding
Current borrowings stood at INR 1.76 crore as of March 31, 2026, reflecting substantial reduction following historical lender settlements.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Approval of Results
The unaudited standalone financial results for the quarter ended June 30, 2026, were reviewed by the statutory auditors and approved by the Board of Directors at its meeting held on August 25, 2026.
Reported update
Labour Code Evaluation
Management noted that it is evaluating the financial implications of the four new Labour Codes notified by the Government of India, with any impact to be accounted for in subsequent periods.
12 · Previous-quarter changes
What changed since the previous quarter
Total income decreased sequentially from INR 25.60 crore in Q4 FY26 to INR 16.92 crore in Q1 FY27.
13 · Key Q&A
The quarter, answered directly
What does The State Trading Corporation of India do?
The State Trading Corporation of India Limited operates as a public sector commercial enterprise under the administrative control of the Ministry of Commerce and Industry, Government of India.
What is the clearest takeaway from Quarter ended 30.06.2026?
During the quarter ended 30 June 2026, The State Trading Corporation of India Limited recorded total income of INR 16.92 crore (INR 1,692.38 lakh), representing an increase compared to INR 23.02 crore in the corresponding quarter of the previous year and INR 25.60 crore in the preceding quarter.
What drove revenue or demand?
The company reported zero revenue from operations for Q1 FY27, consistent with its non-operating status and ongoing wind-down deliberations.
What mattered most for margins or profitability?
Employee benefit expenses for Q1 FY27 stood at INR 8.07 crore (INR 807.03 lakh), compared to INR 6.86 crore in Q1 FY26 and INR 5.25 crore in Q4 FY26.
What changed operationally beyond the headline numbers?
The company continued to function on a non-going concern basis under the guidance of the administrative ministry, with corporate focus remaining on asset monetization, litigation resolution, and closure formalities.
What are the main pressure points disclosed for the quarter?
Statutory auditors issued a qualified review report highlighting unprovided disputed receivables, pending title deed executions for properties held for sale, unreconciled GST balances, and lack of independent directors leading to non-compliance with SEBI LODR regulations.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Litigation and Claim Resolutions: Monitor the progress of ongoing legal disputes, including court cases involving Rajat Pharmaceuticals and recovery matters with state government entities.
- 02
Ministry Closure Directives: Track further instructions from the administrative ministry regarding the formal winding up or closure timeline of the corporation.
- 03
Appointment of Independent Directors: Monitor actions by the administrative ministry to appoint required independent directors to reconstitute board-level committees and address exchange compliance.
- 04
Litigation and legal updates: Track progress on ongoing legal matters including debt recovery tribunal hearings and disputes related to trade receivables and property leases.
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