TRF Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.
TRF · price
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On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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TRF Limited (a Tata group company) held its board meeting on May 2, 2025, and approved the audited Standalone and Consolidated Financial Results for the year ended March 31, 2025, along with the unaudited Q4 FY25 results. Standalone revenue from operations fell to Rs 12,073.48 lakhs in FY25 from Rs 13,995.92 lakhs in FY24, a decline of roughly 14%. Profit after tax also dropped sharply to Rs 2,762.70 lakhs from Rs 4,659.67 lakhs, translating into a basic EPS of Rs 25.11 versus Rs 42.34. Statutory auditor Price Waterhouse & Co Chartered Accountants LLP issued an unmodified (clean) opinion on both the standalone and consolidated results, and also noted that subsidiaries TRF Singapore Pte Ltd and TRF Holdings Pte Ltd were audited by other auditors. The FY24 figures included a one-time exceptional gain of Rs 730.23 lakhs from reversal of an earlier impairment linked to the sale of the Dutch Lanka subsidiary in Sri Lanka, which partly explains the year-on-year gap.
Despite weaker annual numbers, the company delivered a strong Q4 with profit before tax of Rs 688.55 lakhs versus Rs 412.35 lakhs in Q4 FY24, and reported healthy positive operating cash flow of Rs 7,612.31 lakhs for the year. The clean audit opinion is reassuring, but the broad-based revenue decline and the shrinking bottom line may weigh on investor sentiment, particularly given the persistent losses in the Projects & Services segment.