Quarterly loss widens amid auditor qualification and RBI pressure
TCIFINANCE · price
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TCI Finance reported no operating revenue. Its quarterly loss widened to Rs38 lakh from Rs21 lakh, while the half-year loss was Rs79.54 lakh; operating cash outflow was Rs66.60 lakh. The auditor qualified results, citing business continuity uncertainty, an unrecorded Rs178.21 crore guarantee liability and Rs12.75 lakh of unrecognised interest. RBI cited failure to maintain minimum net funds; a court stay on deregistration continues.
Shareholders face high risk from losses, negative cash flow, a liability gap, qualified results and RBI deregistration pressure.