TRF Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Strong revenue growth of 39.27 crore in Q3 2023, highest in recent quarters.
Net profit increased to 18.34 crore, significantly higher than previous quarters.
Operating profit margin improved to 13% in Q3 2023, indicating better cost management.

NEGATIVES

Revenue decreased by 25% from Q3 to Q4 2023, signaling potential seasonal volatility.
Profit before tax dropped sharply to 16.85 crore, down from Q3 highs.
Expenses rose significantly in Q4, leading to reduced profitability despite revenue fluctuations.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	33.91	39.27	28.77	38	37.62	32.70	23.31	27.11	23.42	22.34
Expenses	23.91	30.62	17.07	32.70	32.47	25.94	11.80	21.08	20.22	17.27
Operating Profit	10.01	8.65	11.70	5.31	5.15	6.76	11.51	6.03	3.20	5.07
Other Income	1.42	11.74	2.83	6.11	3.87	3.64	4.01	6.53	3.78	4.35
Interest	3.29	2.97	3.10	4.50	3.47	3.75	3.60	3.23	2.81	4.16
Depreciation	0.50	0.57	0.55	0.62	0.57	0.63	0.65	0.67	0.66	0.70
Profit Before Tax	7.64	16.85	10.89	6.30	4.99	6.02	11.27	8.66	3.51	-6.76
Tax	0	0	2.08	0	0	0	0	5.14	0	0.05
Net Profit	8.76	18.34	1.21	6.30	4.99	6.02	11.27	3.52	3.51	-6.81
Eps in Rs	7.96	16.56	1.10	5.73	4.53	5.47	10.24	3.20	3.19	-6.19