TCI Finance Limited (TCIFINANCE)
₹14.74 +0.55% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, TCI Finance's net interest income was ₹-0.1 Cr, and net profit ₹0.1 Cr (-97.6% year on year).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Net interest income | ₹-0.1 | — | loss narrowed |
| Net profit | ₹0.1 | -97.6% | from loss |
| EPS (₹) | 0.09 | -97.4% | from loss |
TCIFINANCE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 83.13% of the TCIFINANCE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.11%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 87.0% · 86.5% · 82.4% · 77.8% · 83.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
TCI Finance responded to an NSE query under Regulation 33 concerning unauthorized signatures on its financial results for the quarter ended June 30, 2026. The company confirmed the results were properly signed by authorized signatory Mr. M Sreenivasuloo (DIN: 09363406). A certified true copy of the Board resolution passed on August 14, 2026, was submitted to substantiate the authorization. This filing is purely procedural and does not alter the company's financial figures.
- Responded to NSE clarification regarding financial results for the quarter ended June 30, 2026
- Submitted certified copy of Board resolution passed on August 14, 2026
- Confirmed Mr. M Sreenivasuloo (DIN: 09363406) was explicitly authorized to sign the results under Regulation 33 and 47
TCI Finance Limited submitted the voting results and scrutinizer's report for its 52nd Annual General Meeting held on August 27, 2026. Shareholders approved the adoption of audited financial statements for FY ended March 31, 2026, with 100.00% votes in favour (29,61,435 votes). Additionally, the re-appointment of retiring director Mr. I M Usman Sheriff was passed unanimously with 100.00% valid votes in favour.
- 52nd AGM conducted via Video Conferencing on August 27, 2026
- Adoption of FY26 Audited Financial Statements approved with 100.00% votes in favour (29,61,435 votes vs 83 against)
- Re-appointment of director Mr. I M Usman Sheriff approved with 100.00% votes in favour (29,61,435 votes)
- Total valid votes cast across both ordinary resolutions stood at 29,61,518 from 92 voting members
TCI Finance Limited held its 52nd Annual General Meeting on August 27, 2026, via Video Conferencing with 48 members in attendance. The meeting transacted ordinary business, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of director Mr. I M Usman Sheriff, who retired by rotation. The meeting concluded at 11:15 AM, and voting results along with the scrutinizer report are to be filed separately.
- 52nd AGM conducted on August 27, 2026, with 48 members attending via VC/OAVM
- Adoption of audited financial statements for the financial year ended March 31, 2026
- Re-appointment of Mr. I M Usman Sheriff (DIN-02794895) considered by shareholders
- Meeting commenced at 11:00 AM and concluded at 11:15 AM
TCI Finance reported zero revenue from operations and total income of Nil for the quarter ended June 30, 2026, compared to total income of ₹48.14 Lakhs in the previous quarter. The company posted a net loss of ₹34.62 Lakhs (EPS of -₹0.27) against a net profit of ₹10.50 Lakhs in Q4 FY26. The auditor's report remains modified, with persistent going concern warnings and a negative net worth. In addition, the company remains under an interim High Court stay against the RBI's notice directing surrender of its NBFC Certificate of Registration.
- Revenue from operations and Total Income stood at Nil (₹0.00 Lakhs) for Q1 ended June 30, 2026
- Net loss widened to ₹34.62 Lakhs against a net profit of ₹10.50 Lakhs in Q4 FY26
- Total expenses were ₹34.62 Lakhs, primarily comprising employee costs (₹15.28 Lakhs) and other expenses (₹19.34 Lakhs)
- Contingent liabilities and claims remain heavy, with ₹17,820.89 Lakhs in corporate guarantees invoked by lenders of AJVPL
- High Court interim stay continues regarding RBI notice to surrender NBFC Certificate of Registration
TCI Finance has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018, for the period ending June 30, 2026. The filing confirms that securities dematerialized or rematerialized during the quarter have been processed by the RTA, KFIN Technologies Limited. This is a standard administrative requirement for listed entities and does not represent a change in the company's operational status. Investors should note the company's precarious financial position, including a negative net worth of Rs -77 Cr and zero TTM revenue.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Confirmation received from RTA KFIN Technologies Limited dated July 8, 2026
- Company reported a negative net worth of Rs -77 Cr in its latest financial context
- TTM revenue remains at Rs 0 Cr, reflecting halted operations
TCI Finance has disclosed a revised statement of audit qualifications for FY26, revealing a massive adjusted net loss of ₹17,999.24 Lakhs (₹179.99 Cr) against a reported loss of ₹178.35 Lakhs. The company is facing invoked corporate guarantees totaling ₹25,619.80 Lakhs from lenders of third-party entities, which auditors insist should be fully recognized as liabilities. Furthermore, the RBI has requested the company to surrender its NBFC Certificate of Registration due to inadequate Net Owned Funds. Auditors have also issued a 'going concern' warning, questioning the company's ability to continue operations.
- Adjusted Net Loss escalated to ₹17,999.24 Lakhs after accounting for audit qualifications.
- Corporate guarantee claims of ₹25,619.80 Lakhs invoked by lenders of Amrit Jal Ventures and Gati Infrastructure.
- Adjusted Net Worth is deeply negative at (₹25,505.63 Lakhs).
- RBI has issued a letter for voluntary deregistration as an NBFC due to non-maintenance of minimum Net Owned Funds.
- Auditors have expressed a qualified opinion regarding the company's status as a going concern.
TCI Finance Limited has officially notified the exchanges that its trading window will be closed starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ending June 30, 2026. The window will remain shut for all designated persons and their immediate relatives until 48 hours after the results are declared. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure begins at the start of trading hours on July 1, 2026.
- The closure pertains to the declaration of unaudited financial results for the first quarter ended June 30, 2026.
- Restriction applies to all designated persons, immediate relatives, and connected persons as per the company's code of conduct.
- Trading window will reopen 48 hours after the financial results are disclosed to the stock exchanges.
TCI Finance Limited has responded to surveillance queries from the BSE and NSE regarding recent significant volatility in its share price. The company officially stated that there is no undisclosed material information or price-sensitive announcements that could have triggered the movement. Management confirmed full compliance with Regulation 30 of SEBI LODR Regulations, asserting that all relevant updates have been shared with exchanges within stipulated timelines. The company maintains that the recent price increase is purely market-driven and influenced by external market conditions.
- Responded to BSE and NSE surveillance queries dated June 9, 2026, regarding price movement.
- Confirmed no material information or price-sensitive announcements have been withheld from the public.
- Stated that the company is in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations.
- Attributed the recent share price increase entirely to market-driven factors rather than internal developments.
TCI Finance Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that the company's Registrar and Share Transfer Agent, KFIN Technologies Limited, has processed all dematerialization and rematerialization requests for the quarter and year ended March 31, 2026. This is a standard procedural requirement for all listed entities to ensure the accuracy of shareholding records with NSDL and CDSL. The announcement indicates that the company is maintaining its regulatory compliance schedule.
- Compliance certificate submitted for the quarter and financial year ended March 31, 2026.
- Confirmation provided by Registrar and Share Transfer Agent (RTA) KFIN Technologies Limited.
- Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Details of dematerialized and rematerialized securities furnished to both BSE and NSE.
TCI Finance Limited has announced the closure of its trading window for all designated persons and their relatives starting April 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial result declaration. The window will remain closed until 48 hours after the audited financial results for the fourth quarter and full financial year ending March 31, 2026, are released. The specific date for the board meeting to approve these results has not yet been disclosed.
- Trading window closure begins on April 1, 2026, for all designated persons.
- Closure is in anticipation of the Q4 and FY 2025-26 audited financial results.
- Trading restriction will be lifted 48 hours after the official announcement of results.
- The board meeting date for financial results will be intimated separately in due course.
TCI Finance Limited has provided a formal response to the National Stock Exchange (NSE) regarding a clarification sought on its Q3 FY26 financial results. The exchange had questioned the signing authority of the unaudited results submitted for the quarter ended December 31, 2025. The company submitted a certified true copy of a Board resolution dated February 10, 2026, which confirms the authorization of the signatory. This filing ensures the company remains in compliance with Regulation 33 of SEBI (LODR) Regulations.
- NSE sought clarification on February 27, 2026, regarding the signing of December 2025 quarter results.
- Company provided a Board resolution passed on February 10, 2026, authorizing the signatory.
- Mr. I M Usman Sheriff (DIN: 02794895) was officially designated to sign the financial statements.
- The clarification addresses compliance requirements under Regulation 33 and 47 of SEBI LODR.
TCI Finance reported a standalone net loss of ₹109.31 Lakhs for the quarter ended December 31, 2025, a significant increase from the ₹23.11 Lakhs loss in the previous year's corresponding quarter. The company is currently embroiled in a legal battle with the RBI regarding the surrender of its NBFC Certificate of Registration due to inadequate Net Owned Funds. Management has explicitly flagged uncertainties regarding the company's status as a 'going concern' due to massive exposure to defaults and invoked corporate guarantees. Total revenue for the quarter was negligible at just ₹0.03 Lakhs, reflecting a near-total halt in core operations.
- Net loss widened to ₹109.31 Lakhs in Q3 FY26 compared to a loss of ₹23.11 Lakhs in Q3 FY25.
- The company faces contingent liabilities of ₹25,619.80 Lakhs from corporate guarantees given to Amrit Jal Ventures.
- RBI has directed the company to surrender its NBFC registration; the matter is currently under interim stay by the Telangana High Court.
- Statutory auditors have issued a modified opinion citing significant financial and legal uncertainties.
- Management admitted to 'going concern' doubts as adverse developments in investee entities affect future income.
TCI Finance Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFIN Technologies Limited, confirms that the details of securities dematerialized or rematerialized during the quarter ended December 31, 2025, have been furnished to the stock exchanges. This is a standard procedural filing required to maintain the integrity of electronic shareholding records. No material financial impact or corporate changes were reported in this announcement.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Confirmation provided by Registrar and Share Transfer Agent (RTA), KFIN Technologies Limited
- Adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Information successfully furnished to both BSE and NSE where shares are listed
TCI Finance Limited has announced the closure of its trading window effective from January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's unaudited financial results for the third quarter ending December 31, 2025. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated at a later time.
- Trading window closure begins on January 1, 2026.
- Closure is related to the financial results for the quarter ended December 31, 2025.
- Restriction applies to all designated persons, connected persons, and their immediate relatives.
- The window will reopen 48 hours after the official announcement of Q3 results.
- Board meeting date for result approval is yet to be finalized and announced.
TCI Finance Limited has responded to clarification requests from BSE and NSE regarding recent significant movements in its share price. The company officially stated on December 20, 2025, that there is no undisclosed material information or price-sensitive announcement that has been withheld. Management maintains that they are in full compliance with Regulation 30 of SEBI LODR Regulations. Consequently, the company attributes the recent price fluctuations entirely to market-driven conditions rather than internal developments.
- BSE and NSE issued surveillance queries on December 19, 2025, regarding price movement
- Company confirmed no material information or announcements are pending disclosure
- Management stated all price-sensitive information has been shared within stipulated timelines
- The recent increase in share price is attributed purely to market conditions
- Company remains compliant with Regulation 30 of SEBI (LODR) Regulations, 2015
Financial Performance
Revenue Growth by Segment
The Financing segment, the company's sole business line, generated total revenue of INR 135.34 Lakhs in FY 2023-24. However, for the half-year ended September 30, 2025, revenue plummeted to INR 15.09 Lakhs, representing a massive 88.8% decline compared to INR 134.72 Lakhs in the same period of the previous year.
Geographic Revenue Split
Not disclosed in available documents. The company operates primarily out of its Hyderabad headquarters.
Profitability Margins
Net Profit Margin is deeply negative. The company reported a net loss of INR 47.97 Lakhs in FY 2023-24, though this was an 80.9% improvement from the INR 251.03 Lakhs loss in FY 2022-23. For H1 FY26, the net loss stood at INR 79.54 Lakhs, worsening from a loss of INR 71.28 Lakhs in H1 FY25.
EBITDA Margin
Core profitability is negative due to non-recognition of interest income on non-performing loans. Operating margins have been severely impacted by the impairment of loans and advances to Amrit Jal Ventures Private Limited and Mahendra Investment and Advisors Private Limited.
Capital Expenditure
Not disclosed in available documents. As an NBFC, the company focuses on financial assets rather than physical infrastructure expansion.
Credit Rating & Borrowing
The company faces significant liquidity strain. Borrowing costs are elevated due to the NBFC sector's critical phase and the company's specific financial distress, including a negative net worth of INR 6,335.98 Lakhs as of March 31, 2024.
Operational Drivers
Raw Materials
Capital and Debt (Cost of Funds) represent 100% of the primary input cost for this financing business.
Import Sources
Domestic Indian capital markets and banking channels.
Key Suppliers
Not disclosed in available documents; typically includes banks and financial institutions providing wholesale credit.
Capacity Expansion
Current operations are contracting; the company has been advised by the RBI to surrender its Certificate of Registration, effectively halting expansion plans.
Raw Material Costs
Cost of funds is impacted by systemic liquidity strains in the NBFC sector. Interest expenses are not fully disclosed but are pressured by the company's deteriorating credit profile.
Strategic Growth
Growth Strategy
The company is currently in a survival and recovery phase rather than a growth phase. Strategy involves monitoring capital market opportunities and attempting to manage mark-to-market effects on its securities portfolio, while dealing with a 'Material Uncertainty Related to Going Concern'.
Products & Services
Financing services, loans, advances, and investment in capital market securities.
Brand Portfolio
TCI Finance Limited.
New Products/Services
No new product launches disclosed; focus is on managing existing impaired assets.
Market Expansion
No expansion plans; the company is facing regulatory pressure to exit the NBFC business.
Market Share & Ranking
Small-sized NBFC with negligible market share in the broader Indian financial sector.
External Factors
Industry Trends
The NBFC sector is experiencing a critical phase with severe liquidity strains and increased regulatory scrutiny following failures of large players. Margins are under pressure due to elevated costs of funds and moderation in asset quality.
Competitive Landscape
Faces intense competition from both large organized NBFCs and unorganized regional players, which increases delinquency risks and affects asset quality.
Competitive Moat
The company currently lacks a sustainable moat, as evidenced by its negative net worth and the RBI's request to surrender its operating license.
Macro Economic Sensitivity
Highly sensitive to interest rate fluctuations and RBI monetary policy, which affect the cost of funds and the valuation of the company's investment portfolio.
Consumer Behavior
Shift toward more regulated and stable financial institutions, disadvantaging smaller, distressed NBFCs.
Geopolitical Risks
Minimal direct impact, though global economic conditions influence the Indian capital markets where the company seeks investment opportunities.
Regulatory & Governance
Industry Regulations
The company is governed by the RBI Act, 1934. The RBI has issued a specific advisory for the company to surrender its Certificate of Registration (CoR), which is a critical regulatory threat to its existence.
Taxation Policy Impact
Subject to standard Indian corporate tax laws; however, current losses result in no immediate tax liability.
Legal Contingencies
The company has disclosed pending litigations in Note 24 and 25 of its financial statements. While specific INR values are not provided in the summary, auditors indicate these matters have a material adverse effect on the company's functioning.
Risk Analysis
Key Uncertainties
There is a 'Material Uncertainty Related to Going Concern' due to the company's negative net worth of INR 6,335.98 Lakhs and the RBI's directive to surrender its license.
Geographic Concentration Risk
Concentrated in India, specifically the Hyderabad region for its registered office.
Third Party Dependencies
High dependency on the financial health of its borrowers, particularly Amrit Jal Ventures and Mahendra Investment.
Technology Obsolescence Risk
The company is required to maintain an audit trail in its accounting software, though this was not applicable for the FY ended March 31, 2024.
Credit & Counterparty Risk
Severe credit risk exposure; the company has incurred significant losses due to the impairment of loans and guarantees given to related parties and other entities.
