TCM Limited Reports Increased Net Loss in Q1, Announces Strategic Acquisition
TCM Limited's Q1 standalone net loss widened to ₹147.88 lakhs from ₹44.25 lakhs year-over-year. Revenue declined to ₹304.87 lakhs. The company agreed to acquire Better Feeds Private Limited for ₹765.00 lakhs, with ₹100.00 lakhs paid as advance. The Board approved the 81st AGM for September 27, appointed JKM Associates as secretarial auditors, and approved various reports. Segment-wise, Real Estate showed positive results while other segments reported losses.
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TCM Limited , a diversified company operating in trading, manufacturing, and real estate sectors, has reported a significant increase in its standalone net loss for the first quarter. The company also announced a strategic acquisition and other corporate updates.
Financial Performance
TCM Limited's standalone financial results for Q1 revealed:
- Net loss increased to ₹147.88 lakhs, compared to ₹44.25 lakhs in the same quarter last year
- Revenue from operations declined to ₹304.87 lakhs from ₹507.11 lakhs year-over-year
- Consolidated net loss stood at ₹235.26 lakhs
The company's performance was impacted across its business segments:
| Segment | Revenue (₹ Lakhs) | Result (₹ Lakhs) |
|---|---|---|
| Trading | 34.28 | (138.16) |
| Manufacturing | 273.81 | (151.98) |
| Educational | 12.88 | (41.79) |
| Real Estate | 0.00 | 386.30 |
Strategic Acquisition
TCM Limited has entered into a binding agreement to acquire 100% shareholding in Better Feeds Private Limited for ₹765.00 lakhs. The company has already paid an advance of ₹100.00 lakhs towards this acquisition. This strategic move is expected to expand TCM's business portfolio, although specific details about Better Feeds Private Limited's operations were not disclosed.
Corporate Updates
The Board of Directors has approved several key decisions:
- Scheduled the 81st Annual General Meeting for September 27
- Approved the appointment of JKM Associates as secretarial auditors for five years from April 2025 to March 2030, subject to shareholder approval
- Approved the Directors Report, Corporate Governance Report, and the Secretarial Audit Report for the previous Financial Year
- Approved the closure of Share Transfer Register and Register of Shareholders
Segment Performance
TCM Limited operates in four main segments: Trading, Manufacturing, Educational, and Real Estate. The Real Estate segment showed positive results with ₹386.30 lakhs, while other segments reported losses. The Educational segment, likely represented by the subsidiary iSpark Learning Solutions Private Limited, contributed ₹12.88 lakhs to the revenue.
Outlook
Despite the increased losses, TCM Limited's strategic acquisition of Better Feeds Private Limited signals the company's efforts to diversify and strengthen its business portfolio. The impact of this acquisition on the company's future performance remains to be seen.
Investors and stakeholders will be watching closely to see how TCM Limited navigates the challenges in its existing segments while integrating the new acquisition in the coming quarters.
Historical Stock Returns for TCM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.20% | -2.89% | +32.04% | +49.68% | +17.44% | +99.22% |
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