Triumph International Finance India Ltd
Triumph International Finance reports Q2 FY27 unaudited results, faces audit qualifications
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 27 Oct 2026, 07:41 PM IST · BSE ID: 2ff0e2d2-3a99-49f6-a5f6-0ccb5dbaf8d0
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its latest financial results, but auditors raised several major concerns about the accuracy and recovery of large amounts.
🤖 AI Summary
- Triumph International Finance reported a Net Profit of Rs. 109.17 Lacs for the quarter ended September 30, 2026.
- Unaudited financial results for Q2 FY27 were approved by the Board on October 27, 2026.
- Auditors issued a qualified review report, citing multiple unquantified matters impacting results.
- A significant qualification concerns Rs. 367.02 crores receivable from Classic Credit Limited, with recovery deemed doubtful.
- Unrecognized interest liability on a Punjab National Bank loan since April 1, 2011, affects finance costs and borrowings.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Turnover/Total Income (Q2 FY27)
115.02 Lacs
Total Expenditure (Q2 FY27)
5.85 Lacs
Net Profit/(Loss) (Q2 FY27)
109.17 Lacs
Earnings Per Share (Q2 FY27)
1.46
Recoverable from Classic Credit Limited
367.02 crores
🏢 How This Affects the Company
The cancellation of the company's stock-broker registration by SEBI and defaulter status by NSE confirm its inability to commence share trading business, impacting future revenue generation.
The unaudited financial results for Q2 FY27 show a Net Profit of Rs. 109.17 Lacs. However, the auditor's qualifications regarding unrecognised liabilities and doubtful receivables mean the reported profit and asset values are subject to significant adjustments.
Ongoing legal proceedings since 2008 restraining directors from functioning, with limited relaxation for legal defense, restrict the company's ability to conduct normal business operations.
The company faces high financial risk due to unquantified impacts of audit qualifications, including doubtful recovery of Rs. 367.02 crores receivable, unrecognised interest liability, and sizable accumulated losses questioning its going concern basis.
👥 What This Means For Shareholders
✅
Action Required
No action is explicitly required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the uncertainty introduced by the qualified audit report, particularly regarding the recoverability of substantial receivables and the accuracy of reported liabilities.
🔍
Management Signal
The management's continued reporting of unaudited results with acknowledged audit qualifications signals the persistence of long-standing financial and operational challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next financial results — check if audit qualifications are addressed or quantified.
Updates on legal proceedings involving directors and Classic Credit Limited.
Status of loan recovery from Punjab National Bank and corresponding interest recognition.
HIGH RISK
Multiple severe, unquantified audit qualifications and ongoing legal/regulatory issues create significant financial uncertainty.
💡 Investor Takeaway
Triumph International Finance reported Q2 FY27 Net Profit of Rs. 109.17 Lacs. The audit review is qualified, noting Rs. 367.02 crores receivable from Classic Credit Limited is doubtful and unrecognised interest liability on a Punjab National Bank loan since April 1, 2011, with unquantified impacts on financial statements.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors have a qualified conclusion on the going concern basis, citing sizable accumulated losses and regulatory issues like SEBI cancelling stock-broker registration and NSE declaring the company a defaulter.
- Recoverability of Rs. 367.02 crores due from Classic Credit Limited is doubtful, with auditors stating an adequate impairment provision is not recognized, overstating profits and receivables.
📅 Company Track Record
In August 2026, Triumph International Finance reported Rs. 118.36 Lacs net profit, facing audit qualifications on Rs. 67.05 crores receivable. The current filing continues to highlight significant audit qualifications, including a Rs. 367.02 crores receivable from Classic Credit Limited, indicating persistent concerns regarding asset recoverability and financial reporting accuracy.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Triumph International Finance's Net Profit for Q2 FY27?
Triumph International Finance reported a Net Profit of Rs. 109.17 Lacs for the quarter ended September 30, 2026.
What significant receivables are subject to audit qualification for Triumph International Finance?
Auditors noted a significant qualification regarding Rs. 367.02 crores recoverable from Classic Credit Limited, with its recoverability deemed doubtful.
Are there unrecognised liabilities affecting Triumph International Finance's financial results?
Yes, the company has not recognised interest liability on a loan from Punjab National Bank since April 1, 2011, with the financial impact not ascertainable.
What is the status of Triumph International Finance's stock-broker registration?
The Securities and Exchange Board of India (SEBI) has cancelled the company's registration as a stock-broker.
Questions based on this BSE filing only. For information purposes.