Key Financial Results (Standalone)

Income Statement (₹ Lakhs)

  • Revenue from operations: 2,603.20 (Q1 FY27) vs. 1,938.56 (Q4 FY26) vs. 2,341.71 (Q1 FY26)
  • Other income: 589.49 (Includes liabilities written back: 13.84; Net gain on disposal of asset held for sale: 127.13)
  • Total Income: 3,192.69
  • Total expenses: 2,979.32
  • Cost of raw materials: 663.89
  • Cost of services: 124.03
  • Employee benefits: 1,290.61
  • Finance costs: 455.35
  • Depreciation: 79.64
  • Other expenses: 632.21 (Includes repairs: 87.14; Power & fuel: 84.63; Legal fees: 161.73; Loss allowance: 101.79)
  • Profit before exceptional items and tax: 213.37 (vs. loss of 630.24 in Q4 FY26)
  • Exceptional items: 97.40 (Impairment charge on investment in TRF Singapore Pte Ltd.)
  • Profit before tax: 115.97
  • Tax expense: Nil (The company has opted for the new reduced tax regime under Section 115BAA)
  • Net Profit for the period: 115.97 (vs. net loss of 630.24 in Q4 FY26)
  • Other comprehensive income: (40.38)
  • Total comprehensive income: 75.59

Earnings Per Share (Standalone)

  • Basic EPS: ₹1.05 (Not annualized)
  • Diluted EPS: ₹1.05 (Not annualized)

Balance Sheet & Capital (Standalone)

  • Paid-up equity share capital: ₹1,100.44 lakhs (Face value ₹10 per share)
  • Reserves: ₹7,384.61 lakhs (as of March 31, 2026)

Segment-wise Performance (Standalone)

The company operates in two segments: Projects & Services and Products & Services.

  • Segment Revenue (Q1 FY27):
  • Projects & Services: ₹245.04 lakhs
  • Products & Services: ₹2,358.16 lakhs
  • Total: ₹2,603.20 lakhs
  • Segment Results (Q1 FY27):
  • Projects & Services: Loss of ₹90.86 lakhs
  • Products & Services: Profit of ₹321.57 lakhs
  • Total Segment Results: ₹230.91 lakhs

Key Financial Results (Consolidated)

Income Statement (₹ Lakhs)

  • Revenue from operations: 2,603.20
  • Other income: 589.48
  • Total Income: 3,192.69
  • Total expenses: 3,005.04
  • Profit before exceptional items and tax: 187.65 (vs. loss of 696.36 in Q4 FY26)
  • Exceptional items: Nil (vs. ₹1,138.62 lakhs in FY26)
  • Profit before tax: 187.65
  • Tax credit: Nil
  • Net Profit for the period: 187.65 (attributable to owners of the company)
  • Total comprehensive income: 150.33 (attributable to owners of the company)

Earnings Per Share (Consolidated)

  • Basic EPS: ₹1.71 (Not annualized)
  • Diluted EPS: ₹1.71 (Not annualized)

Notes to the Financial Results

1. Employee Separation Scheme (ESS): The Board had approved ESS on May 2, 2025. The scheme was launched on July 18, 2025, and closed on August 18, 2025. Management accepted applications from 52 employees who separated effective September 1, 2025. A one-time cost of ₹1,130.95 lakhs was taken in FY26.

2. Capital Reduction in Subsidiary: During FY26, TRF Singapore Pte Ltd. exercised a scheme of reduction of its share capital, repatriating proceeds to TRF Limited. This resulted in a net loss of ₹7.67 lakhs (including exchange effects) and an impairment reversal of ₹583.14 lakhs. The net impact of ₹575.47 lakhs was an exceptional item in FY26.

3. Impairment Charge: The company recognized an impairment charge of ₹97.40 lakhs on its investment in TRF Singapore Pte Ltd. during Q1 FY27, classified as an exceptional item.

4. Proposed Liquidation of Subsidiaries: The Boards of TRF Singapore Pte Ltd. (TRFS) and TRF Holdings Pte. Ltd. (TRFH) approved a proposal for voluntary liquidation on May 12, 2026, subject to shareholder and regulatory approval, citing absence of viable business prospects and recurring compliance costs.

5. Subsidiaries Included in Consolidation: TRF Singapore Pte Ltd (100% held) and TRF Holdings Pte Ltd (100% held).

6. Taxation: The company has opted for the new reduced tax regime under Section 115BAA. Deferred tax assets are recognized only to the extent of deferred tax liabilities.

7. Revenue Recognition: Revenue from construction contracts is recognized on the percentage completion method.

8. Audit Review: The financial results were subjected to a limited review by the statutory auditors, Price Waterhouse & Co Chartered Accountants LLP.

Other Details

  • Board Meeting Timing: Commenced at 4:00 PM IST and concluded at 5:12 PM IST on July 16, 2026.
  • Company Identification Number (CIN): L74210JH1962PLC000700