🧠 At a Glance
On June 2, 2025, Trom Industries Ltd issued a press release titled:
“Resilience and Growth: Trom Industries’ FY25 Performance & Future Outlook”
Market reaction?
💥 The stock crashed 15% the next day.
Because when you peel off the corporate sugarcoating, the truth is:
- Revenue flat
- Margins destroyed
- Orders pre-booked at old prices
- Raw material duties up
- New model (RESCO) still in talks, no contracts yet
💀 What Really Happened
Instead of giving clean numbers, Trom gave us a TED Talk:
“We’ve emerged stronger, leaner, more focused…”
📉 Translation: “We made less money, margins fell, we had to deliver panels at loss.”
They literally said:
“Orders were booked at old solar panel rates. We honored contracts at agreed prices despite import duties going up.”
Which is like saying:
“We sold gold at silver rates. But with honor 🧘♂️.”
📦 FY25 Financial Disaster in Disguise
Trom won’t show you the P&L. But they told you:
- Profit margins compressed
- Orders became unprofitable
- FY25 didn’t meet expectations
- Yet, they
