amshedpur, India | January 30, 2025 – TRF Limited (NSE: TRF, BSE: 505854), a Tata Group enterprise, has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a profit before tax (PBT) of ₹1,040.97 lakhs in Q3 FY2025, reflecting a decline from ₹1,886.06 lakhs in Q3 FY2024.
Key Financial Highlights (Standalone)
Particulars
Q3 FY2025 (₹ Lakhs)
Q2 FY2025 (₹ Lakhs)
Q3 FY2024 (₹ Lakhs)
9M FY2025 (₹ Lakhs)
9M FY2024 (₹ Lakhs)
Revenue from Operations
2,331.01
3,269.50
2,877.09
9,362.50
10,195.47
Other Income
317.43
283.80
308.59
896.67
1,519.65
Total Income
2,648.49
3,553.30
3,185.68
10,259.17
11,715.12
Total Expenses
1,607.52
2,918.93
2,029.85
8,185.02
8,198.03
Profit Before Tax (PBT)
1,040.97
634.37
1,886.06
2,074.15
4,247.32
Net Profit
1,040.97
634.37
1,886.06
2,074.15
4,247.32
Earnings Per Share (EPS) – Basic & Diluted (₹)
9.46
5.77
17.14
18.85
38.60
Segment Performance
Projects & Services: The segment reported a negative revenue of ₹(240.05) lakhs in Q3 FY2025, a significant drop from ₹924.76 lakhs in Q2 FY2025.
Products & Services: Revenue from this segment stood at ₹2,576.69 lakhs in Q3 FY2025, showing an increase compared to ₹2,344.74 lakhs in Q2 FY2025.
Segment
Q3 FY2025 Revenue (₹ Lakhs)
Q2 FY2025 Revenue (₹ Lakhs)
Q3 FY2024 Revenue (₹ Lakhs)
Projects & Services
(240.05)
924.76
(330.83)
Products & Services
2,576.69
2,344.74
3,252.49
Exceptional Items & Strategic Updates
The company recorded an exceptional gain of ₹730.23 lakhs, primarily due to the reversal of impairment losses related to past investments.
TRF Limited successfully completed the conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) issued to Tata Steel into Non-Cumulative Redeemable Preference Shares (NCRPS) worth ₹2,500 lakhs.
Consolidated Financial Performance
Particulars
Q3 FY2025 (₹ Lakhs)
Q3 FY2024 (₹ Lakhs)
9M FY2025 (₹ Lakhs)
9M FY2024 (₹ Lakhs)
Revenue from Operations
2,331.01
2,877.09
9,362.50
10,195.47
Net Profit from Continuing Operations
1,126.96
880.50
2,227.50
3,328.78
Net Profit from Discontinued Operations
-
(759.08)
-
(659.01)
Total Comprehensive Income
849.75
1,093.60
2,308.47
3,783.55
Management Commentary
Prasun Banerjee, Company Secretary of TRF Limited, stated: "Despite challenges in the Projects & Services segment, our focus on operational efficiencies and strategic restructuring has helped maintain profitability. The replacement of OCRPS with NCRPS marks a step towards strengthening our capital structure."
Outlook & Strategic Focus
The company aims to improve project execution efficiencies while expanding its Products & Services segment.
TRF Limited continues to explore new revenue streams and maintain cost discipline.
