TruCap Finance Ltd

TruCap Finance Q2 FY2025 Results: Revenue Dips, Losses Mount 📉

- Total revenue for Q2 FY2025: ₹2,280.97 lakhs (down from ₹3,007.88 lakhs previous quarter)

- Total income for Q2: ₹2,461.71 lakhs (down from ₹4,205.33 lakhs)

- Q2 loss before tax: ₹4,559.47 lakhs (expenses at ₹7,021.18 lakhs)

- Half-year loss after tax: ₹4,198.92 lakhs

- Subsidiary DFL Technologies: ₹1,044.88 lakhs assets, ₹53.10 lakhs loss

- Credit rating downgraded to 'D' (from 'C/Negative') on Oct 24, 2025

- Outstanding defaults: ₹203.08 crore (loans), ₹5.33 crore (debt securities)

- Convertible warrants lapsed due to non-payment

- Q2 standalone net loss: ₹3,258.86 lakhs; half-year: ₹4,145.83 lakhs

- Debt-equity ratio: 3.03x as of Sept 30, 2025

- GNPA: 6.64%, NNPA: 4.00%

- Defaulted on NCD redemption (July 16) but repaid by Sept 23

- Security cover on borrowings became inadequate

- Share purchase agreement terminated by Marwadi Chandarana