INTEGRATED FILING — Other than Banks



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 Consolidated
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


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 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 Revenue From Operations
Revenue from operations 145698000 312611000
Other income 20834000 43753000
Total Income 166532000 356364000
2 Expenses
(a) Cost of materials consumed 29165000 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 29824000 96913000
(e) Finance costs 765000 952000
(f) Depreciation and amortisation expense 12023000 19626000
(g) Other Expenses
1 Other Expenses 66519000 101576000
Total other expenses 66519000 101576000
Total expenses 117661000 244742000
3 Profit before exceptional and extraordinary items and tax 48871000 111622000
4 Exceptional items 0 0
5 Profit before extraordinary items and tax 48871000 111622000
6 Extraordinary items 0 0
7 Profit before tax 48871000 111622000
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 31514000 80055000
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 31514000 80055000
14 Share of profit (loss) of associates 0 0
15 Profit (loss) of minority interest 0 0
16 Net profit (Loss) for the period 31514000 80055000
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 777382000
19 Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.32 3.36
Diluted earnings (loss) per share from continuing and discontinued operations 1.32 3.36
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 audited 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 includes interest on intercorporate loan provided by Trust Fintech Limited. 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. The consolidated financial results are prepared in accordance with Accounting Standard 21 on Accounting for Consolidated Financial Statements , and proportionate method for subsidiaries issued by the Institute of Chartered Accountants of India. 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 issued 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. The consolidated financial results are prepared in accordance with Accounting Standard 21 on Accounting for Consolidated Financial Statements , and proportionate method for subsidiaries issued by the Institute of Chartered Accountants of India. 12. In accordance with SEBI regulations, for the purpose of consolidated financial results for half year ended and year ended as on 31.03.2025, minimum eighty percent (80%) of each of consolidated revenue, assets and profits have been subjected to audit. 13. The Consolidated Financial Statement (CFS) of the Group comprises the results of the following 1 (One) Subsidiary. 14.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. 15.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 Consolidated
1 Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax 111622000
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 -17544000
Adjustments for decrease (increase) in other current assets -468875000
Adjustments for increase (decrease) in trade payables 7033000
Adjustments for increase (decrease) in other current liabilities 4836000
Adjustments for provisions -3461000
Total adjustments for working capital -498646000
Total adjustments for reconcile profit (loss) -479020000
Net cash flows from (used in) operations -367398000
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 -367398000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) operating activities -367398000
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 129230000
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 -10416000
Proceeds from government grants 0
Net cash flows from (used in) investing activities before extraordinary items -139646000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) investing activities -139646000
Cash flows from used in financing activities
Proceeds from issuing shares 531903000
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 531166000
Proceeds from extraordinary items 0
Payment for extraordinary items 0
Net cash flows from (used in) financing activities 531166000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 24122000
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 24122000
Cash and cash equivalents cash flow statement at beginning of period 23689000
Cash and cash equivalents cash flow statement at end of period 47811000


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
Equity and liabilities
1 Shareholders' funds
Share capital 238252000
Reserves and surplus 857382000
Money received against share warrants 0
Total shareholders' funds 1095634000
2 Share application money pending allotment 0
3 Deferred government grants 0
4 Minority interest -991000
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 5483000
Short-term provisions 59213000
Total current liabilities 79444000
Total equity and liabilities 1175620000
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 158591000
Total Property, Plant and Equipment and Intangible assets 328524000
ii Non-current investments 4780000
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 45104000
Total non-current assets 378408000
Current assets
Current investments 533839000
Inventories 20635000
Trade receivables 136433000
Cash and cash equivalents 5209000
Bank balance other than cash and cash equivalents 42602000
Short-term loans and advances 0
Other current assets 58494000
Total current assets 797212000
Total assets 1175620000
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 Consolidated Consolidated
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