TRF Ltd's Q3FY25 Quarter Results
- 31 Jan 2025
Result Summary
- TRF Ltd reported a 24.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 13.5%.
- Its expenses for the quarter were down by 47.0% QoQ and 22.5% YoY.
- The net profit increased 87.2% QoQ and increased 831.4% YoY.
- The earnings per share (EPS) of TRF Ltd stood at 10.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 27.32 | 36.34 | 31.60 | -24.8% | -13.5% |
Total Expenses | 16.05 | 30.31 | 20.72 | -47.0% | -22.5% |
Profit Before Tax | 11.27 | 6.02 | 10.89 | 87.2% | 3.5% |
Tax | 0.00 | 0.00 | 2.08 | - | -100.0% |
Profit After Tax | 11.27 | 6.02 | 1.21 | 87.2% | 831.4% |
Earnings Per Share | 10.20 | 5.50 | 1.10 | 85.5% | 827.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
TRF Ltd is a company recognized within its industry for providing specific products and services. As of my last update in October 2023, TRF Ltd primarily operates within the engineering sector, specializing in the manufacture and supply of equipment and systems for material handling and processing. The company is involved in designing, manufacturing, supplying, installing, and commissioning customized material handling systems for core sector industries such as power, steel, cement, ports, mining, and fertilisers. However, specific recent developments within the company, if any, are not available in the provided data.
Revenue
In Q3FY25, TRF Ltd reported a total income of ₹27.32 crores, which represents a decrease of 24.8% QoQ from ₹36.34 crores in Q2FY25. Compared to Q3FY24, there was a decline of 13.5% from ₹31.60 crores. The reduction in total income both sequentially and year-over-year reflects a downward trend in revenue generation for the quarter. These changes highlight fluctuations in the market demand or operational output within the assessed periods.
Profitability
The profit before tax for TRF Ltd in Q3FY25 was recorded at ₹11.27 crores, showing a significant increase of 87.2% QoQ from ₹6.02 crores in Q2FY25 and a modest rise of 3.5% YoY from ₹10.89 crores in Q3FY24. Notably, the company did not incur any tax expenses during Q3FY25 or Q2FY25, whereas in Q3FY24, the tax expense was ₹2.08 crores. Consequently, the profit after tax was ₹11.27 crores, reflecting an 87.2% improvement QoQ and a substantial 831.4% increase YoY from ₹1.21 crores in Q3FY24. Earnings per share followed a similar pattern, registering at ₹10.20 in Q3FY25, up from ₹5.50 in Q2FY25 and ₹1.10 in Q3FY24.
Operating Metrics
The total expenses for TRF Ltd in Q3FY25 were ₹16.05 crores, which marked a significant decline of 47.0% QoQ from ₹30.31 crores in Q2FY25 and a 22.5% decrease YoY from ₹20.72 crores in Q3FY24. The reduction in expenses aligns with the observed improvements in profitability metrics, contributing to higher margins despite a decrease in total income. The absence of tax liabilities in the last two quarters further underscores the potential impact of financial management strategies or changes in tax policies affecting the company.
