TruCap Finance Limited has submitted to the Exchange, the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2025.
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TruCap Finance Limited reported a weak Q1 FY26 with total revenue from operations falling ~42% year-on-year to Rs. 30.02 crore (from Rs. 51.99 crore), driven by a sharp drop in interest income to Rs. 28.04 crore from Rs. 43.20 crore. The company swung to a standalone loss after tax of Rs. 8.87 crore versus a profit of Rs. 1.39 crore in Q1 FY25, with EPS turning negative at Rs. (0.76). Other income surged to Rs. 11.97 crore largely due to Rs. 11.06 crore forfeited from 60 lakh warrants cancelled after warrant holders waived their rights. Impairment on financial instruments rose sharply to Rs. 10.30 crore (from Rs. 1.05 crore), and asset quality deteriorated with GNPA rising to 5.49% (from 3.69% in Q4 FY25) and NNPA to 3.38%. Net worth declined to Rs. 142.24 crore from Rs. 230.73 crore a year ago, while debt-equity ratio stood at 3.11x. The statutory auditor issued an unmodified limited review opinion on both standalone and consolidated results. The company also increased authorised share capital to Rs. 75 crore and reported no defaults on loans or debt securities.
Shareholders face a negative quarter with a swing to loss, rising NPAs, and shrinking net worth, which could weigh on the stock in the short term. However, the warrant forfeiture of Rs. 11.06 crore provided a one-time boost to other income, and the clean audit opinion offers some comfort on reporting quality.