TRF Q3 FY26: revenue down about 30 percent in 9M, VRS cost taken

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TRF · price

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Price reactionminutes from the announcement price · days from the prior close

+7.8%Reaction day

₹270.80

prior close

₹271.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.8%+6.0% vs market

Industrial Products peers, median of 118sector+0.7%+7.1% vs sector

On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250 and 7.1 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.0

10m

+1.6

15m

+2.2

30m

+4.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.8+1.8+6.0+0.7+7.1

Next day

+0.1+0.5-0.4-0.1+0.2

+2.0+4.3-2.3+3.2-1.2

+1.4+5.6-4.3+3.4-2.0

+0.5+4.6-4.1+2.8-2.3

+0.8+3.8-2.9+1.8-1.0

+2.7+7.5-4.8+4.4-1.7

15d

-1.2+3.8-5.0+1.3-2.5

-7.7-0.3-7.4-3.1-4.6

-19.9-9.6-10.3-15.1-4.7

-2.7+9.9-12.6+7.6-10.3

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 118Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TRF posted Q3 FY26 standalone revenue of Rs 1,988.89 lakhs vs Rs 2,331.01 lakhs YoY. Nine-month revenue fell nearly 30 percent to Rs 6,564.66 lakhs from Rs 9,362.50 lakhs. Standalone Q3 PAT was Rs 1,169.20 lakhs, helped by a Rs 575.47 lakh gain from capital reduction at TRF Singapore. Nine-month PAT was Rs 841.29 lakhs vs Rs 2,074.15 lakhs. The firm booked a Rs 1,130.95 lakh one-time voluntary separation cost for 52 employees. Auditor Price Waterhouse issued an unmodified review report.

Likely market impact

Revenue decline and one-time separation charges weigh on earnings, though Singapore reversal cushioned Q3 profit.