The unaudited financial results for the quarter ended 31st December, 2025, along with limited review report of the Statutory Auditor.
Awaiting price reaction for this filing.
Tirupati Fincorp reported a net loss of Rs 260.26 lakhs in Q3 FY26 (Oct-Dec 2025), slightly narrower than the Rs 669.20 lakh loss in the same quarter last year. Total income crashed to Rs 278.06 lakhs from Rs 3,767.57 lakhs a year ago, mainly because securities trading revenue fell sharply from Rs 3,045.60 lakhs to Rs 143.93 lakhs. Finance costs stayed high at Rs 341 lakhs and loan impairment losses of Rs 110.13 lakhs continued. For the nine months ended December 2025, the company posted a loss of Rs 138.60 lakhs versus Rs 735.90 lakhs last year. The statutory auditor flagged serious concerns: RBI cancelled the company's NBFC registration, rejected its reapplication in June 2025, and directed it to stop lending, yet the company continued fresh lending business. The auditor also could not verify loan documents and noted weak internal controls.
This is a high-risk filing for shareholders. The RBI has explicitly barred the company from its core lending business, yet it has continued to lend, creating regulatory and legal uncertainty. Combined with deep operating losses and a collapsed securities trading income, the stock carries significant going-concern risk. Investors should expect high volatility and should watch for the RBI's response to the company's 6-month extension request.