TRF Complete Financial Statements
15 Years of Data
2026 - 2012
In FY2026, TRF (TRF) reported revenue ₹23 Cr, net profit ₹-7 Cr and EPS ₹-6.28, with a net profit margin of -30.4% and ROE of -8.3%. Full financial statements from FY2012 to FY2026 (15 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Explore TRF value investing to estimate fundamental worth using multiple valuation models.
Complete Financial Data Export
Profitability Ratios
Net Profit Margin
-30.43%
2026 data
EBITDA Margin
-8.70%
2026 data
Operating Margin
-32.00%
2026 data
Return on Assets
-2.01%
2026 data
Return on Equity
-8.33%
2026 data
Balance Sheet Ratios
Current Ratio
1.88
2026 data
Equity Ratio
24.07%
2026 data
Asset Turnover
0.07
2026 data
TRF Revenue, Net Profit & EBITDA — Year-on-Year Growth
TRF YoY (Mar 2025 vs Mar 2026) — revenue -30.3%, net profit -275.0%, EBITDA -115.4%, expenses +23.8%. For live price, earnings ratios and company overview, see TRF screener.
Revenue Growth
-30.3%
Year-over-Year
Net Profit Growth
-275.0%
Year-over-Year
EBITDA Growth
-115.4%
Year-over-Year
Expense Growth
+23.8%
Year-over-Year
Assets Growth
+2.9%
Year-over-Year
Operating Cash Flow Growth
+176.5%
Year-over-Year
Investing Cash Flow Growth
-840.0%
Year-over-Year
Financing Cash Flow Growth
-200.0%
Year-over-Year
TRF Income Statement — Revenue, EBITDA & Net Profit
TRF revenue ₹23 Cr, EBITDA ₹-2 Cr, net profit ₹-7 Cr, EPS ₹-6.28 (2026) — net profit margin -30.4%. Review TRF price earnings to evaluate earnings-based valuation against sector peers.
Periods
₹ Crores
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Mar 2018 | Jun 2018 | Dec 2018 | Sept 2017 | Mar 2017 | Jun 2017 | Dec 2017 | Sept 2016 | Mar 2016 | Jun 2016 | Dec 2016 | Sept 2015 | Mar 2015 | Jun 2015 | Dec 2015 | Sept 2014 | Mar 2014 | Jun 2014 | Dec 2014 | Sept 2013 | Mar 2013 | Jun 2013 | Dec 2013 | Mar 2012 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 27 | 33 | 27 | 24 | 36 | 44 | 42 | 27 | 52 | 44 | 36 | 32 | 84 | 70 | 54 | 48 | 20 | 69 | 16 | 43 | 26 | 51 | 12 | 28 | 39 | 85 | 63 | 47 | 130 | 136 | 163 | 63 | 93 | 200 | 134 | 121 | 205 | 392 | 247 | 222 | 232 | 326 | 209 | 192 | 247 | 386 | 307 | 303 | 261 | 295 | 326 | 246 | 366 | 304 |
| Expenses | 26 | 29 | 21 | 20 | 13 | 26 | 33 | 33 | 12 | 31 | 41 | 24 | 25 | 24 | 37 | 27 | 33 | 27 | 61 | 27 | 49 | 37 | 100 | 31 | 58 | 137 | 105 | 58 | 48 | 120 | 198 | 116 | 68 | 127 | 189 | 130 | 128 | 203 | 376 | 231 | 229 | 209 | 375 | 206 | 195 | 236 | 344 | 294 | 261 | 270 | 328 | 315 | 245 | 334 | 290 |
| EBITDA | -2 | -2 | 13 | 7 | 10 | 10 | 11 | 9 | 15 | 21 | 3 | 12 | 7 | 60 | 33 | 28 | 15 | -6 | 8 | -11 | -6 | -11 | -49 | -19 | -30 | -99 | -20 | 5 | -1 | 10 | -61 | 46 | -6 | -34 | 10 | 4 | -7 | 2 | 16 | 15 | -7 | 23 | -49 | 3 | -3 | 11 | 43 | 14 | 41 | -9 | -32 | 11 | 0 | 32 | 14 |
| Operating Profit Margin % | -32.00% | -28.00% | 22.00% | 14.00% | 33.00% | 20.00% | 14.00% | 14.00% | 49.00% | 20.00% | -15.00% | 29.00% | 14.00% | 55.00% | 26.00% | 35.00% | 24.00% | -32.00% | -2.00% | -72.00% | -16.00% | -49.00% | -127.00% | -200.00% | -210.00% | -261.00% | -44.00% | 4.00% | -10.00% | -43.00% | -69.00% | -71.00% | -23.00% | -57.00% | -1.00% | -2.00% | -12.00% | 0.00% | 3.00% | 5.00% | -3.00% | 9.00% | -16.00% | -4.00% | -3.00% | 4.00% | 3.00% | 1.00% | -1.00% | -4.00% | -12.00% | 3.00% | -4.00% | 8.00% | 4.00% |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 4 | 3 | 2 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| Interest | 4 | 4 | 3 | 3 | 4 | 4 | 5 | 4 | 4 | 3 | 6 | 3 | 3 | 6 | 6 | 8 | 5 | 8 | 14 | 8 | 8 | 8 | 7 | 8 | 8 | 14 | 23 | 8 | 9 | 15 | 13 | 12 | 12 | 11 | 12 | 11 | 13 | 16 | 15 | 14 | 15 | 14 | 15 | 15 | 14 | 14 | 15 | 14 | 15 | 15 | 14 | 14 | 15 | 15 | 14 |
| Profit Before Tax | -7 | -7 | 9 | 4 | 6 | 6 | 6 | 5 | 11 | 18 | 1 | 9 | 3 | 53 | 27 | 19 | 9 | -15 | -7 | -20 | -15 | -20 | -58 | -28 | -39 | -114 | -44 | -4 | -10 | -5 | -75 | 33 | -18 | -47 | -3 | -9 | -21 | -16 | -2 | -2 | -24 | 6 | -67 | -15 | -20 | -6 | 25 | -4 | 23 | -28 | -50 | -6 | -18 | 14 | -3 |
| Tax | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -6 | 0 | 0 | -15 | -11 | 0 | 3 | 0 | 1 | -10 | 1 | 0 | 2 | 1 | 0 | 3 | 1 | 2 | 2 | 0 | 1 | 1 | 0 | 5 | 1 |
| Net Profit | -7 | -7 | 4 | 4 | 6 | 6 | 6 | 5 | 11 | 18 | 7 | 9 | 1 | 53 | 27 | 19 | 9 | -15 | -7 | -20 | -15 | -20 | -58 | -28 | -39 | -114 | -44 | -4 | -10 | -6 | -69 | 34 | -18 | -32 | 8 | -9 | -24 | -16 | -3 | 9 | -25 | 6 | -69 | -16 | -20 | -9 | 24 | -6 | 21 | -28 | -51 | -7 | -17 | 9 | -4 |
| Earnings Per Share (₹) | -6.28 | -6.19 | 3.20 | 3.19 | 5.22 | 5.47 | 5.73 | 4.53 | 10.24 | 16.66 | 6.65 | 7.96 | 1.10 | 48.49 | 24.21 | 17.23 | 8.14 | -13.60 | -6.27 | -18.07 | -13.50 | -17.72 | -52.23 | -25.57 | -35.08 | -103.28 | -39.75 | -3.14 | -9.50 | -5.62 | -63.02 | 30.40 | -16.70 | -29.00 | 7.11 | -8.32 | -21.53 | -14.59 | -2.57 | 7.80 | -22.23 | 5.37 | -63.75 | -15.45 | -18.27 | -8.43 | 21.95 | -5.62 | 18.75 | -25.46 | -46.41 | -6.87 | -15.86 | 7.13 | -3.84 |
TRF Balance Sheet — Assets, Liabilities & Shareholders' Equity
TRF total assets ₹349 Cr, total equity ₹84 Cr, total liabilities ₹ Cr (2026) — ROE -8.3%.
Years
Annual Data
₹ Crores
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| Total Assets | 349 | 339 | 310 | 314 | 368 | 425 | 570 | 681 | 1,091 | 1,200 | 1,304 | 1,368 |
| Current Assets | 292 | 270 | 268 | 191 | 296 | 352 | 493 | 480 | 842 | 909 | 1,022 | 1,072 |
| Fixed Assets | 28 | 21 | 19 | 17 | 18 | 20 | 23 | 113 | 194 | 209 | 226 | 245 |
| Capital Work in Progress | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 0 | 0 |
| Investments | 11 | 20 | 66 | 62 | 1 | 1 | 0 | 28 | 19 | 18 | 18 | 0 |
| Other Assets | 0 | 298 | 225 | 235 | 349 | 404 | 547 | 539 | 878 | 972 | 1,059 | 1,123 |
| LIABILITIES | ||||||||||||
| Total Liabilities | ||||||||||||
| Current Liabilities | 155 | 135 | 116 | 142 | 100 | 66 | 58 | 40 | 347 | 199 | 240 | 311 |
| Non-Current Liabilities | ||||||||||||
| SHAREHOLDERS' EQUITY | ||||||||||||
| Total Equity | 84 | 84 | 39 | 22 | -294 | -271 | -179 | -1 | -200 | -81 | -48 | -9 |
| Share Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves & Surplus | 73 | -367 | -395 | -437 | -531 | -508 | -417 | -238 | -212 | -92 | -60 | -27 |
TRF Cash Flow Statement — Operating, Investing & Financing
TRF operating cash flow ₹94 Cr, investing ₹-111 Cr, financing ₹-1 Cr, net cash flow ₹-18 Cr (2025).
Periods
₹ Crores
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | March 2016 | March 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | 94 | 34 | 83 | -38 | 21 | -56 | -107 | 55 | 111 | 2 | 58 |
| Investing Activities | -111 | 15 | -50 | 6 | 61 | 2 | 134 | 25 | 2 | 4 | 47 |
| Financing Activities | -1 | 1 | -30 | 9 | -79 | 64 | -11 | -70 | -110 | -34 | -88 |
| Net Cash Flow | -18 | 49 | 3 | -22 | 2 | 10 | 16 | 10 | 3 | -28 | 17 |