Board Meeting held today i.e November 11,2025 has considered and approved the unaudited Financial Result for the Quater and half year ended September 30,2025.
Awaiting price reaction for this filing.
Tirupati Fincorp reported a standalone net loss of Rs. 58.31 lakhs in Q2 FY26, though this was narrower than the Rs. 84.56 lakhs loss in Q2 FY25. For H1 FY26, the company swung to a standalone net profit of Rs. 107.53 lakhs versus a loss of Rs. 66.71 lakhs in H1 FY25. However, total income fell sharply to Rs. 1,805.05 lakhs in H1 FY26 from Rs. 6,736.60 lakhs a year ago, as securities trading revenue collapsed from Rs. 6,180.07 lakhs to just Rs. 807.15 lakhs, even as interest income tripled to Rs. 930.40 lakhs. On the regulatory side, the RBI has rejected the company's application for NBFC registration and directed it to stop financing business. The statutory auditor flagged serious issues in its limited review, including the inability to verify loan documents, weak internal controls in the lending business, continued NBFC activity despite a board resolution to stop, and non-compliance of the company website with SEBI norms. The company has sought a six-month extension from RBI, outcome pending.
Highly negative for shareholders. The RBI's rejection of NBFC registration threatens the company's core lending business, while the auditor's observations about weak internal controls, unverified loan documents, and disregard of regulatory directives raise serious governance red flags. Despite a swing to H1 profitability, the dramatic collapse in revenue, regulatory uncertainty, and going concern doubts make this a high-risk stock with material downside risk.