TRF's Q2 FY 2025-26 Quarterly Results

Result Summary

• TRF Ltd reported a 1.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 26.6%.
• Its expenses for the quarter were down by 6.5% QoQ and 27.0% YoY.
• The net profit decreased 294.0% QoQ and decreased 213.1% YoY.
• The earnings per share (EPS) of TRF Ltd declined at 6.19 during Q2 FY 2025-26.

Financial Statments for Q2 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

TRF Ltd is a company engaged in the engineering sector, primarily focusing on providing solutions for the material handling industry. The company is involved in the design, manufacturing, supply, installation, and commissioning of various types of material handling equipment and systems required in industries such as power, steel, cement, ports, and mining. It is part of the larger Tata Group, a renowned conglomerate in India. The company has been dealing with challenges in the industry, including economic downturns and fluctuations in demand. As of now, there are no specific major developments or events available for TRF Ltd that can be highlighted.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), TRF Ltd reported a total income of ₹26.69 crores. This represents a decrease of 1.9% from the previous quarter (Q1FY26), where the total income was ₹27.20 crores. When compared to the same quarter in the previous year (Q2FY25), where the total income was ₹36.34 crores, there is a significant year-over-year decline of 26.6%. This downward trend suggests that the company faced challenges in maintaining its revenue levels over the past year.

Profitability

TRF Ltd's profitability metrics indicate a challenging quarter in Q2FY26. The company recorded a profit before tax of -₹6.76 crores, compared to a profit before tax of ₹3.51 crores in Q1FY26, marking a quarter-over-quarter decrease of 292.6%. Year-over-year, there was a decline of 212.3% from a profit before tax of ₹6.02 crores in Q2FY25. The profit after tax for Q2FY26 was -₹6.81 crores, down from ₹3.51 crores in the previous quarter and ₹6.02 crores in Q2FY25, showing a quarter-over-quarter decrease of 294.0% and a year-over-year decrease of 213.1%. Earnings per share also followed a similar trend, with a value of -₹6.19 in Q2FY26, compared to ₹3.19 in Q1FY26 and ₹5.47 in Q2FY25.

Operating Metrics

Examining the operating metrics, TRF Ltd's total expenses for Q2FY26 were ₹22.14 crores, which is a decrease from ₹23.69 crores in Q1FY26, representing a quarter-over-quarter decline of 6.5%. Year-over-year, expenses decreased by 27.0% from ₹30.31 crores in Q2FY25. The reduction in expenses, while significant, was not sufficient to offset the decline in revenue, resulting in negative profitability figures. The tax expense for Q2FY26 was negligible at ₹0.05 crores, consistent with the previous periods, which reflects minimal tax liabilities due to the negative profits. The company's earnings per share mirrored the profit after tax, with a notable decrease in both quarter-over-quarter and year-over-year comparisons. Overall, the operating metrics highlight the financial pressures faced by the company during this period.