TruCap Finance Ltd

TruCap Finance Q2 2025 Results: Key Updates & Financial Shifts 📉

- Standalone net loss of ₹3,258.86 lakhs for Q2 2025 vs. net profit of ₹120.57 lakhs in Q2 2024.

- Total income dropped to ₹2,459.99 lakhs from ₹5,821.92 lakhs YoY.

- Impairment on financial instruments surged to ₹2,734.24 lakhs (vs. ₹310.66 lakhs YoY).

- Security cover on secured borrowings became inadequate; corrective measures underway.

- Marwadi Chandarana terminated share purchase agreement, affecting expected fund infusion.

- Defaulted on NCD redemption in July 2025 but repaid fully by September 2025.

- Credit ratings downgraded to 'D' (CARE) and 'C' (Infomerics) post-NCD default.

- Debt-Equity ratio improved slightly to 3.03x (from 3.21x in March 2025).

- GNPA rose to 6.64% (from 3.69%), NNPA to 4.00% (from 2.17%).

- Provision Coverage Ratio declined to 39.10% (from 41.08%).

- Appointed Vishal Miglani as interim CFO effective November 14, 2025.

- Granted 19,07,498 stock options under ESOP Plan 2018.

- Registered office shifted within Mumbai (effective November 14, 2025).