TRF Limited Reports ₹6.8 Crore Loss in Q2FY26; Stock Slips 3.7% to ₹330

Jamshedpur, October 28, 2025: TRF Limited (NSE: TRF, BSE: 505854), a Tata Group enterprise, reported a consolidated net loss of ₹6.8 crore for the quarter ended September 30, 2025, compared to a profit of ₹6 crore in the same period last year. The company’s revenue from operations declined 31.0% year-on-year (YoY) to ₹2,234.06 lakh, as project execution remained subdued.

TRF Limited, incorporated in 1962 and headquartered in Jamshedpur, designs and manufactures bulk material handling systems and equipment. The company is part of the Tata Group and is listed on both BSE and NSE under the Industrial Products category.

Key Financial Highlights

In Q2 FY26, the company reported revenue of ₹2,234 lakh. That’s a drop of 31% compared to last year, and 4.6% lower than the previous quarter. Total income was at ₹2,669 lakh, down 26.5% year-on-year. On the bright side, expenses came down to ₹2,214 lakh. Still, the company ended up with a net loss of ₹681 lakh, a sharp swing from the ₹351 lakh profit they reported in Q1 FY26.

Six-Month Performance

Total income came in at ₹5,389 lakh, down 30.8% from last year. Instead of turning a profit as before, the company posted a net loss of ₹3.3 crore in the previous year; it had a profit of ₹11 crore in the same period. Earnings per share also slipped, dropping to ₹3.00 from ₹10.00 a year ago.

Operational And Expense Overview

Employee expenses continued to form the largest cost component at ₹1,337.11 lakh, though lower than ₹1,611.46 lakh in the same quarter last year. Meanwhile, finance costs increased 11% year-on-year to ₹416.36 lakh, indicating higher interest payments or a rise in borrowings during the period.

Other income rose to ₹435.02 lakh from ₹364.12 lakh in Q2FY25, offering some relief and partially offsetting the impact of weaker operational performance.

Stock Performance

As of October 28, 2025, TRF’s share price closed at 4.01% lower at ₹329, compared to the previous close of ₹342.75. The stock touched an intraday high of ₹346.60 and a low of ₹320.60, with a traded volume of 0.68 lakh shares and a value of ₹1.44 crore.

With a market capitalisation of ₹363.20 crore, the company has a free float of ₹235.17 crore. Its 52-week range is ₹285.05–₹507.40, and the stock trades at a P/E ratio of 15.51.

REF: https://nsearchives.nseindia.com/corporate/TRFL_28102025133222_OutcomeofBM.pdf

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