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Awaiting price reaction for this filing.
Transcorp International Limited filed its audited financial results for Q4 and FY25 with an unmodified (clean) audit opinion from Anand Jain & Co. On a standalone basis, profit after tax rose to Rs 138.32 lakhs in FY25 from Rs 108.51 lakhs in FY24, a growth of about 27%. The Board has recommended a dividend of Rs 0.30 per share on the Rs 2 face value, subject to shareholder approval. On a consolidated basis, however, total revenue declined sharply to about Rs 1,43,025 lakhs in FY25 from Rs 2,14,263 lakhs in FY24, a drop of roughly 33%, driven mainly by lower forex and money transfer business volumes. During the year, the company allotted 71,550 equity shares under its ESOP scheme and also disclosed an operational issue where about Rs 189.87 lakhs was erroneously credited back to customers in prepaid instrument transactions due to a software decryption failure, of which Rs 95.27 lakhs has already been recovered and a provision made for approximately 25% of the unrecovered balance.
Positive signal from improved standalone profitability and a maiden/sustained dividend, but the steep drop in consolidated revenue and the prepaid instrument fraud risk may weigh on sentiment. Shareholders should watch for recovery of the remaining ~Rs 94 lakhs and any further impact on the forex segment.