⚡ Flash Summary

Tri-Star Mutual Fund Ltd. reported financial results for the quarter ended September 30, 2025. The company experienced a significant turnaround with a profit from operations of Rs 15,004,370 compared to a loss of Rs (2,537,769) in the same period last year. Net Assets Value per certificate increased to Rs 20.03 from Rs 17.27 in June 2025. The Board did not recommend any cash dividend, bonus, or rights entitlement.

📌 Key Takeaways

• 👍 Profit from Operation: Turned positive, reaching Rs 15,004,370 against a loss of Rs (2,537,769) last year.
• 📈 EPS: (Loss) / Earning per certificate (Rupees) With net unrealized diminution on remeasurement of investments increased to 2.76 from (1.14).
• 💰 Total Comprehensive Income: Rose to Rs 13,814,061 compared to a loss of Rs (5,721,817) in the previous year.
• ✔️ Investments: Increased to Rs 128,512,911 from Rs 112,613,467 in June 2025.
• 🏦 Net Assets: Grew to Rs 100,157,162 from Rs 86,343,101 in June 2025.
• 💸 NAV per Certificate: Increased to Rs 20.03 from Rs 17.27 in June 2025.
• ➖ Operating Expenses: Increased to Rs 2,099,600 from Rs 1,390,065 year-over-year.
• 🚫 Dividend: No cash dividend, bonus, or rights entitlement was recommended.
• 📊 Statement of Financial Position: Shows an increase in total assets to Rs 129,504,794 from Rs 113,733,423 in June 2025.
• 📉 Unrealized Loss: Improved, decreasing from Rs (4,165,989) to Rs (3,256,697).
• 🏦 Cash Flow: Decrease in cash and cash equivalent from Rs. 460,241 to Rs. 330,034.

🎯 Investment Thesis

BUY. Tri-Star Mutual Fund’s turnaround in profitability, increased NAV, and strong asset growth make it an attractive investment. The fund shows promise for continued growth and improved returns. Price Target: Rs 23. Time Horizon: Medium Term.