TCI Finance Q1 Results Operating Loss of ₹-0.53 Crores & QoQ Increase of 6.79%

TCI Finance Q1 Results: TCI Finance's Q1 results show that the company is facing challenges, as seen in its financial performance for this quarter. The company didn't generate any revenue this quarter, just like in the previous quarter, which is a drop from the small revenue of ₹0.23 crores it had last year during the same period. On the expense side, TCI Finance saw an increase in its costs. 

TCI Finance’s expenses related to selling, general, and administrative activities went up to ₹0.21 crores from ₹0.10 crores in the previous quarter, showing a significant rise. Other operating expenses also increased to ₹0.24 crores from ₹0.13 crores last quarter.

Despite these rising costs, TCI Finance's total operating expenses grew to ₹0.53 crores. As a result, the company continued to report an operating loss, which deepened compared to last year. The operating income was negative at ₹-0.53 crores, worse than the previous quarter's ₹-0.39 crores. This loss carried over to the net income before taxes and the overall net income, both of which were negative at ₹-0.50 crores. 

TCI Finance's earnings per share (EPS) also reflected these struggles, with a further decrease to ₹-0.33. Overall, TCI Finance is experiencing financial difficulties with rising expenses and no revenue, leading to ongoing losses.

Here's a summary of TCI Finance's Q1 results in simple English:

(All figures in crores)

Source: Here 

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TCI Finance Q1 Results 

Here’s a simplified version of the financial statement you provided:

(All figures in Rs. Lakhs) 

The financial statement for TCI Finance, covering the quarter ended June 30, 2024, shows a snapshot of the company's financial performance. During this quarter, the company reported minimal revenue from operations, just Rs. 0.07 lakhs, which came from dividend income. This is a small amount compared to previous periods, indicating that the company had limited income sources. Other income for the quarter was Rs. 0.62 lakhs, bringing the total income to Rs. 0.68 lakhs.

TCI Finance incurred significant costs, totaling Rs. 45.58 lakhs. The main expenses included employee benefits, which amounted to Rs. 21.13 lakhs, and other operating expenses of Rs. 24.45 lakhs. These expenses exceeded the income, leading to a loss before tax of Rs. 49.79 lakhs for the quarter.

Despite the operational loss, TCI Finance reported a positive "Other Comprehensive Income" of Rs. 333.31 lakhs, mainly due to gains on investments. This gain helped the company achieve a total comprehensive income of Rs. 283.52 lakhs for the quarter, which is a positive outcome despite the operational losses.

TCI Finance Financial Metrics

The TCI Finance table shows key financial details about the company. The market cap of ₹15.3 Cr. indicates the total value of all its shares combined. The current stock price is ₹11.9, but it has ranged from ₹2.85 to ₹17.6 over the past year. The book value of ₹-49.2 suggests the company has a negative net worth per share, which might be concerning. 

Here's the information presented in a table format:

Quarterly Results 

The TCI Finance table shows the company's financial performance over several quarters. For December 2023, the company had no sales but had expenses of 0.31 crores, resulting in an operating loss of 0.31 crores. It earned 0.70 crores from other sources and spent 0.12 crores on interest. The profit before tax was 0.27 crores, and the net profit was also 0.27 crores, with an EPS of 0.21. In March 2024, the company continued to have no sales, faced higher expenses of 0.38 crores, leading to a larger operating loss. 

Here is the transposed data for the quarters of December 2023, March 2024, and June 2024:

About TCI Finance 

TCI Finance is a financial services company based in India. Established in 1973, it is a Non-Banking Finance Company (NBFC) that operates under the regulation of the Reserve Bank of India (RBI). The company provides a variety of financial services to help individuals and businesses achieve their financial goals.

TCI Finance offers several services, including loans against securities, which allow businesses to borrow money using their investments as collateral. They also provide commercial vehicle finance, helping companies buy or refinance trucks and other vehicles. For intellectual property needs, TCI Finance assists with patents, trademarks, and copyrights, protecting creative works and inventions. 

TCI Finance organize the Global IP Convention, a major conference for intellectual property professionals to share ideas and solutions. Additionally, TCI Finance offers IP valuation services to help businesses assess the worth of their intellectual property assets.