Trinity League India Reports Reduced Net Loss in Q1
Trinity League India Limited reported a reduced net loss of Rs 7.79 lacs in Q1, down from Rs 39.33 lacs in the previous year, marking an 80.2% improvement. Total income decreased to Rs 4.10 lacs from Rs 5.95 lacs. The company effectively managed expenses, cutting total expenses to Rs 11.89 lacs from Rs 45.28 lacs. Other expenses saw a significant 87.5% reduction. The EPS improved to -Rs 0.10 from -Rs 0.50. The company's paid-up equity share capital remained at Rs 791.69 lacs. Consolidated results mirrored standalone figures, showing improvement from the previous year's loss of Rs 40.49 lacs.
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Trinity League India Limited , a company listed on the BSE, has announced its financial results for the first quarter. The company reported a significant reduction in its net loss compared to the same period last year, despite a decrease in total income.
Financial Performance
The standalone financial results show that Trinity League India Limited posted a net loss of Rs 7.79 lacs for Q1, a substantial improvement from the net loss of Rs 39.33 lacs recorded in the corresponding quarter of the previous year. This represents an 80.2% reduction in net loss year-over-year.
Total income for the quarter stood at Rs 4.10 lacs, down from Rs 5.95 lacs in the corresponding quarter of the previous year. Notably, the company did not generate any revenue from operations during this period, with the entire income coming from other sources.
Expense Management
A key factor contributing to the reduced loss was the company's effective cost management. Total expenses saw a significant decline, dropping to Rs 11.89 lacs from Rs 45.28 lacs in the same quarter of the previous year. The breakdown of expenses is as follows:
| Expense Category | Q1 (Rs lacs) | Previous Q1 (Rs lacs) |
|---|---|---|
| Employee Cost | 5.99 | 4.67 |
| Depreciation and Amortisation | 0.98 | 1.32 |
| Other Expenses | 4.92 | 39.29 |
| Total Expenses | 11.89 | 45.28 |
The most notable reduction was in other expenses, which decreased by 87.5% year-over-year.
Per Share Earnings
The basic and diluted earnings per share (EPS) for the quarter stood at negative Rs 0.10, an improvement from negative Rs 0.50 in the same quarter of the previous year.
Capital Structure
Trinity League India Limited's paid-up equity share capital remained unchanged at Rs 791.69 lacs, with a face value of Rs 10 per share.
Consolidated Results
On a consolidated basis, which includes the company's associate, Agrotech Risk Private Limited, Trinity League India reported identical figures to its standalone results for Q1. The net loss of Rs 7.79 lacs on a consolidated basis shows an improvement from the Rs 40.49 lacs loss reported in the corresponding quarter of the previous year.
Audit Review
The financial results were reviewed by the Audit Committee and approved by the Board of Directors. S.K Mehta & Co., Chartered Accountants, conducted a limited review of the unaudited financial results as required under SEBI regulations.
While Trinity League India Limited has shown improvement in its bottom line, the absence of operational revenue and reliance on other income sources may be areas of focus for the company moving forward. Investors and stakeholders will likely be watching closely to see if the company can build on this reduced loss and potentially return to profitability in the coming quarters.
Historical Stock Returns for Trinity League
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.95% | -0.62% | -2.52% | -13.21% | -27.55% | +31.35% |
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