Integrated Filing — IndAS

General information about company
Scrip Code	505854
NSE Symbol	TRF
MSEI Symbol	NOTLISTED
ISIN	INE391D01019
Name of company	TRF Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	02-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	02-May-2025   15:00:00
End date and time of board meeting	02-May-2025   17:15:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	271098000	1207348000
	Other income	65307000	180538000
	Total income	336405000	1387886000
2	Expenses
(a)	Cost of materials consumed	21057000	38041000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-6895000	2216000
(d)	Employee benefit expense	139719000	610246000
(e)	Finance costs	32339000	140575000
(f)	Depreciation, depletion and amortisation expense	6738000	25211000
(f)	Other Expenses
1	Cost of service consumed	5330000	28170000
2	Other expenses	51553000	234113000
	Total other expenses	56883000	262283000
	Total expenses	249841000	1078572000
3	Total profit before exceptional items and tax	86564000	309314000
4	Exceptional items	0	0
5	Total profit before tax	86564000	309314000
6	Tax expense
7	Current tax	51395000	51395000
8	Deferred tax	0	0
9	Total tax expenses	51395000	51395000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	35169000	257919000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	35169000	257919000
17	Other comprehensive income net of taxes	14108000	22205000
18	Total Comprehensive Income for the period	49277000	280124000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	49277000	280124000
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	110044000	110044000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		724633000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.2	23.44
	Diluted earnings (loss) per share from continuing operations	3.2	23.44
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	3.2	23.44
	Diluted earnings (loss) per share from continuing and discontinued operations	3.2	23.44
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		The provided consolidated results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 2, 2025.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	202563000
	Capital work-in-progress	9366000
	Investment property
	Goodwill	0
	Other intangible assets	3552000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	277024000
	Total non-current financial assets	277024000
	Deferred tax assets (net)
	Other non-current assets	201711000
	Total non-current assets	694216000
2	Current assets
	Inventories	44861000
	Current financial asset
	Current investments	198611000
	Trade receivables, current	308041000
	Cash and cash equivalents	539581000
	Bank balance other than cash and cash equivalents	1381045000
	Loans, current	0
	Other current financial assets	31429000
	Total current financial assets	2458707000
	Current tax assets (net)
	Other current assets	195372000
	Total current assets	2698940000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	3393156000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	110044000
	Other equity	724633000
	Total equity attributable to owners of parent	834677000
	Non controlling interest
	Total equity	834677000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1150754000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	278000
	Total non-current financial liabilities	1151032000
	Provisions, non-current	183663000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities	15125000
	Total non-current liabilities	1349820000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	64502000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	311785000
	Total Trade payable	376287000
	Other current financial liabilities	184584000
	Total current financial liabilities	560871000
	Other current liabilities	341582000
	Provisions, current	243453000
	Current tax liabilities (Net)	62753000
	Deferred government grants, Current
	Total current liabilities	1208659000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	2558479000
	Total equity and liabilites	3393156000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Project & Service	15352000	156525000
2	Product & Service	255890000	1053328000
	Total Segment Revenue	271242000	1209853000
	Less: Inter segment revenue	144000	144000
	Revenue from operations	271098000	1207348000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Project & Service	-7460000	-35661000
2	Product & Service	55126000	324770000
	Total Profit before tax	47666000	289109000
	i. Finance cost	31616000	31616000
	ii. Other Unallocable Expenditure net off Unallocable income	-70514000	-70514000
	Profit before tax	86564000	309314000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Project & Service	325832000	325832000
2	Product & Service	485886000	485886000
	Total Segment Asset	811718000	811718000
	Un-allocable Assets	2581438000	2581438000
	Net Segment Asset	3393156000	3393156000
4	Segment Liabilities
	Segment Liabilities
1	Project & Service	805121000	805121000
2	Product & Service	385483000	385483000
	Total Segment Liabilities	1190604000	1190604000
	Un-allocable Liabilities	1367875000	1367875000
	Net Segment Liabilities	2558479000	2558479000
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	Segment Results: Includes adjustment of depreciation and amortisation. n nInformation on Revenue by geographical segement is not given for consolidated financial results as the revenue from sales to customers outside India is less than 10% of the total revenue.

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit and loss	5468000	2023000
	Total Amount of items that will not be reclassified to profit and loss	5468000	2023000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	-8640000	-20182000
5	Total Other comprehensive income	14108000	22205000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			309314000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			140575000
	Adjustments for decrease (increase) in inventories			11329000
	Adjustments for decrease (increase) in trade receivables, current			761231000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			61460000
	Adjustments for decrease (increase) in other non-current assets			-351000
	Adjustments for other financial assets, non-current			307000
	Adjustments for other financial assets, current			-1247000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-74144000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-71521000
	Adjustments for increase (decrease) in other non-current liabilities			-76000
	Adjustments for depreciation and amortisation expense			25211000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-22961000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			31688000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			72915000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-134255000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			654331000
	Net cash flows from (used in) operations			963645000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			28007000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			935638000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			3129714000
	Other cash payments to acquire equity or debt instruments of other entities			4261620000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			37955000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			40350000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-280000
	Net cash flows from (used in) investing activities	-1129791000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			1066000
	Dividends paid			0
	Interest paid			5133000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-6199000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-200352000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-200352000
	Cash and cash equivalents cash flow statement at beginning of period			0
	Cash and cash equivalents cash flow statement at end of period			-200352000