General information about company |
|
|---|---|
| Scrip code | 000000 |
| NSE Symbol | TRUST |
| MSEI Symbol | NA |
| ISIN | INE0SWN01019 |
| Name of Company | TRUST FINTECH LIMITED |
| Type of company | SME |
| 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 | 27-May-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 19-May-2025 |
| Description of presentation currency | INR (in Actuals) |
| Reporting Type | Half Yearly |
| Reporting Quarter | Yearly |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | SOFTWARE IT SOLUTIONS AND RELATED CONSULTING SERVICES |
| Start date and time of board meeting | 27-May-2025 17:00:00 |
| End date and time of board meeting | 27-May-2025 21:40:00 |
| 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 |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | Yes |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| (III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 2025-03-31 |
| Indicate Company website link for updated RPT policy of the Company | https://www.softtrust.com/Trust-Fintech-Limited-Investor-corporate-policies.html |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| During the Financial Year ended on 31.03.2025, company has no outstanding dues to banks with respect to any loans. Also the company does not fall under the Large Corporate category. | |
Financial Results — Other than Bank |
|||
|---|---|---|---|
| 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-Oct-2024 | 01-Apr-2024 |
| B | Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 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 | Revenue From Operations | ||
| Revenue from operations | 145699000 | 312611000 | |
| Other income | 20833000 | 43727000 | |
| Total Income | 166532000 | 356338000 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 29166000 | 46310000 |
| (b) | Purchases of stock-in-trade | 0 | 0 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | -20635000 | -20635000 |
| (d) | Employee benefit expense | 29783000 | 94917000 |
| (e) | Finance costs | 184000 | 367000 |
| (f) | Depreciation and amortisation expense | 12023000 | 19626000 |
| (g) | Other Expenses | ||
| 1 | Other Expenses | 60233000 | 94190000 |
| Total other expenses | 60233000 | 94190000 | |
| Total expenses | 110754000 | 234775000 | |
| 3 | Profit before exceptional and extraordinary items and tax | 55778000 | 121563000 |
| 4 | Exceptional items | 0 | 0 |
| 5 | Profit before extraordinary items and tax | 55778000 | 121563000 |
| 6 | Extraordinary items | 0 | 0 |
| 7 | Profit before tax | 55778000 | 121563000 |
| 8 | Tax Expense | ||
| Current tax | 14940000 | 30595000 | |
| Deferred tax | 2417000 | 972000 | |
| Total tax expenses | 17357000 | 31567000 | |
| 9 | Net Profit Loss for the period from continuing operations | 38421000 | 89996000 |
| 10 | Profit (loss) from discontinuing operations before tax | 0 | 0 |
| 11 | Tax expense of discontinuing operations | 0 | 0 |
| 12 | Net profit (loss) from discontinuing operation after tax | 0 | 0 |
| 13 | Profit (loss) for period before minority interest | 38421000 | 89996000 |
| 14 | Share of profit (loss) of associates | ||
| 15 | Profit (loss) of minority interest | ||
| 16 | Net profit (Loss) for the period | 38421000 | 89996000 |
| 17 | Details of equity share capital | ||
| Paid-up equity share capital | 238252000 | 238252000 | |
| Face value of equity share capital | 10 | 10 | |
| 18 | Reserves excluding revaluation reserve | 786375000 | |
| 19 | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.61 | 3.78 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.61 | 3.78 | |
| 20 | Debt equity ratio | 0.0 | 0.0 |
| 21 | Debt service coverage ratio | 0.0 | 0.0 |
| 22 | Interest service coverage ratio | 0.0 | 0.0 |
| 23 | Disclosure of notes on financial results | Textual Information(1) | |
Text Block |
|||
|---|---|---|---|
| Textual Information(1) | 1. The above unaudited Financial results have been reviewd by the audit committee & approved by the board of directors of the company at their respective meeting held on 27th May 2025. 2. The statutory auditors of the company have carried out the audit of the above financials result of the company & have expressed an unmodified opinion on these results. 3. The company has only one segment i.e. Software IT Solutions & Consulting services.Finance cost does not include interest expenses as Trust Fintech Limited is Debtfree. 4. There are no Investor complaints received as on 31st March 2025. 5. Previous years's/period figures have been regrouped/ re-classified/re-stated, wherever necessary to confirm to classification of current year/period. 6. The above audited financial results have been prepared in accordance with Companies (Accounting Standards) Rules,2006 (AS) as amended, prescribed under section 129 or 133 of Companies Act 2013 read with relevant rules. 7.The companies shares have been listed with National Stock Exchange of India on its Emerged platform on 4th April 2024, consequent to a public offer of shares by the company. During the period under audit the company received 62,82,000 shares of face value of Rs.10 each for a price of Rs.101 per equity shares aggregating to Rs.63,44,82,000. This shares were alloted on 2nd April 2024. 8. Half year earnings are not annualised. 9. The balance appearing under the trade payable, loans & advances, current liabilities are subjected to confirmation & reconciliations & consequent adjustments, if any , will be accounted for in the year of confirmation & reconciliation. 10. The net proceeds from the IPO was Rs.5619.64 lakhs out of which 1620.64 Lakhs has been utilised till 31.03.2025. 11.No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall: directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Holding Company or its subsidiary companies and joint venture company incorporated in India or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries. 12.No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall: directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee, security or the like from or on behalf of the Ultimate Beneficiaries. | ||
Remarks |
||
|---|---|---|
| 20 | Debt equity ratio | |
| 21 | Debt service coverage ratio | |
| 22 | Interest service coverage ratio | |
Cash flow statement — indirect |
||||
|---|---|---|---|---|
| A | Date of start of reporting period | 01-Apr-2024 | ||
| B | Date of end of reporting period | 31-Mar-2025 | ||
| C | Whether results are audited or unaudited | Audited | ||
| D | Nature of report standalone or consolidated | Standalone | ||
| 1 | Statement of cash flows | |||
| Cash flows from used in operating activities | ||||
| Profit before extraordinary items and tax | 121563000 | |||
| 2 | Adjustments for reconcile profit (loss) | |||
| Adjustments to profit (loss) | ||||
| Adjustments for finance costs | 0 | |||
| Adjustments for depreciation and amortisation expense | 19626000 | |||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0 | |||
| Adjustments for unrealised foreign exchange losses gains | 0 | |||
| Adjustments for dividend income | 0 | |||
| Adjustments for share-based payments | 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 | 0 | |||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0 | |||
| Total adjustments to profit (loss) | 19626000 | |||
| 3 | Adjustments for working capital | |||
| Adjustments for decrease (increase) in inventories | -20635000 | |||
| Adjustments for decrease (increase) in trade receivables | -32865000 | |||
| Adjustments for decrease (increase) in other current assets | -469449000 | |||
| Adjustments for increase (decrease) in trade payables | 7034000 | |||
| Adjustments for increase (decrease) in other current liabilities | 576000 | |||
| Adjustments for provisions | -3461000 | |||
| Total adjustments for working capital | -518800000 | |||
| Total adjustments for reconcile profit (loss) | -499174000 | |||
| Net cash flows from (used in) operations | -377611000 | |||
| Dividends received | 0 | |||
| Interest paid | 0 | |||
| Interest received | 0 | |||
| Income taxes paid (refund) | 0 | |||
| Other inflows (outflows) of cash | 0 | |||
| Net cash flows from (used in) operating activities before extraordinary items | -377611000 | |||
| Proceeds from extraordinary items | 0 | |||
| Payment for extraordinary items | 0 | |||
| Net cash flows from (used in) operating activities | -377611000 | |||
| 4 | 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 | 0 | |||
| Other cash payments to acquire equity or debt instruments of other entities | 0 | |||
| 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 | 0 | |||
| Proceeds from sales of intangible assets | 0 | |||
| Purchase of intangible assets | 104933000 | |||
| 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 | 0 | |||
| Income taxes paid (refund) | 0 | |||
| Other inflows (outflows) of cash | -25470000 | |||
| Proceeds from government grants | 0 | |||
| Net cash flows from (used in) investing activities before extraordinary items | -130403000 | |||
| Proceeds from extraordinary items | 0 | |||
| Payment for extraordinary items | 0 | |||
| Net cash flows from (used in) investing activities | -130403000 | |||
| Cash flows from used in financing activities | ||||
| Proceeds from issuing shares | 531945000 | |||
| Proceeds from issuing other equity instruments | 0 | |||
| Proceeds from issuing debentures notes bonds etc | 0 | |||
| Proceeds from borrowings | -1709000 | |||
| Repayments of borrowings | 0 | |||
| Dividends paid | 0 | |||
| Interest paid | 0 | |||
| Income taxes paid (refund) | 0 | |||
| Other inflows (outflows) of cash | 972000 | |||
| Net cash flows from (used in) financing activities before extraordinary items | 531208000 | |||
| Proceeds from extraordinary items | 0 | |||
| Payment for extraordinary items | 0 | |||
| Net cash flows from (used in) financing activities | 531208000 | |||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 23194000 | |||
| 6 | 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 | 23194000 | |||
| Cash and cash equivalents cash flow statement at beginning of period | 23690000 | |||
| Cash and cash equivalents cash flow statement at end of period | 46884000 | |||
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 | Standalone | ||
| Equity and liabilities | |||
| 1 | Shareholders' funds | ||
| Share capital | 238252000 | ||
| Reserves and surplus | 866375000 | ||
| Money received against share warrants | 0 | ||
| Total shareholders' funds | 1104627000 | ||
| 2 | Share application money pending allotment | 0 | |
| 3 | Deferred government grants | 0 | |
| 4 | Minority interest | ||
| 5 | Non-current liabilities | ||
| Long-term borrowings | 0 | ||
| Deferred tax liabilities (net) | 1533000 | ||
| Foreign currency monetary item translation difference liability account | 0 | ||
| Other long-term liabilities | 0 | ||
| Long-term provisions | 0 | ||
| Total non-current liabilities | 1533000 | ||
| 6 | Current liabilities | ||
| Short-term borrowings | 0 | ||
| Trade Payables | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 14748000 | ||
| Total Trade payable | 14748000 | ||
| Other current liabilities | 45992000 | ||
| Short-term provisions | 14444000 | ||
| Total current liabilities | 75184000 | ||
| Total equity and liabilities | 1181344000 | ||
| Assets | |||
| 1 | Non-current assets | ||
| i | Property, Plant and Equipment and Intangible assets | ||
| Property, Plant and Equipment | 108564000 | ||
| Producing properties | 0 | ||
| Intangible assets | 60539000 | Preproducing properties | 0 |
| Property, Plant and Equipment capital work-in-progress | 830000 | ||
| Intangible assets under development or work-in-progress | 134294000 | ||
| Total Property, Plant and Equipment and Intangible assets | 304227000 | ||
| ii | Non-current investments | 4857000 | |
| v | Deferred tax assets (net) | 0 | |
| vi | Foreign currency monetary item translation difference asset account | 0 | |
| vii | Long-term loans and advances | 0 | |
| viii | Other non-current assets | 60080000 | |
| Total non-current assets | 369164000 | ||
| Current assets | |||
| Current investments | 533839000 | ||
| Inventories | 20635000 | ||
| Trade receivables | 151754000 | ||
| Cash and cash equivalents | 5209000 | ||
| Bank balance other than cash and cash equivalents | 41675000 | ||
| Short-term loans and advances | 0 | ||
| Other current assets | 59068000 | ||
| Total current assets | 812180000 | ||
| Total assets | 1181344000 | ||
| Disclosure of notes on assets and liabilities | |||
Format for Reporting Segment 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-Oct-2024 | 01-Apr-2024 | |||||
| Date of end of reporting period | 31-Mar-2025 | 31-Mar-2025 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | |||||||
| Net Segment Asset | |||||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | |||||||
| Net Segment Liabilities | |||||||
| Disclosure of notes on segments | Textual Information(1) | ||||||
Text Block |
|||
|---|---|---|---|
| Textual Information(1) | The company operates in single segment, thus Segment reporting is not applicable. | ||
Details of Impact of Audit Qualification |
|
|---|---|
| Whether results are audited or unaudited | Audited |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | R B BHUSARI & CO | Yes | 31-Mar-2027 | ||
|---|---|---|---|---|---|
Signatory Details |
|
|---|---|
| Name of signatory | |
| Designation of person | |
| Place | |
| Date | |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity /subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Trust Fintech limited | Softshell System (I) Pvt. Ltd. | Sister Concern | Any other transaction | Purchase of Software & Assets | 10000000 | NA | 0 | 2024-05-27 | 8684000 | 48204983000 | 868417500000 | |||||||||||||
| 2 | Trust Fintech limited | TFL Tech INC. | Subsidiary-US | Loan | 220000000 | NA | 0 | 2024-05-27 | 14977000 | 0 | 1497674500000 | Loan | 0.085 | 3 years | Unsecured | For Operating activities | |||||||||
| Total value of transaction during the reporting period | 23661000 | ||||||||||||||||||||||||