Tarapur Transformers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
TARAPUR · price
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Tarapur Transformers reported a net profit of Rs. 16.15 crore for FY25, swinging from a Rs. 1.25 crore loss in FY24. However, this profit is entirely driven by exceptional items, mainly a Rs. 23.17 crore waiver from a One Time Settlement (OTS) with Canara Bank on a legacy loan of Rs. 28.72 crore. Core operations remain weak, with zero revenue from operations and an operating loss of Rs. 10.94 crore before exceptional items, wider than the Rs. 1.25 crore loss last year. The company also made an Rs. 8.66 crore provision for doubtful advances related to Choudhary Global Limited, for which it has filed an IBC case. The statutory auditor issued a qualified opinion citing pending balance confirmations and absence of loan documentation for advances granted.
The headline profit is a one-time event and does not reflect underlying business performance, which continues to lose money with no operating revenue. Shareholders should treat the EPS of Rs. 8.28 as non-recurring and watch for sustainable business revival; near-term stock movement may be volatile given the qualified audit opinion and ongoing legal/liquidation matters involving promoter group entity Bilpower Limited.