Outcome of Board Meeting held on 23rd May 2026 for Approval of Audited Financial Result for the Quarter and Year Ended 31st March,2026
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Awaiting price reaction for this filing.
Tirupati Finlease Ltd reported audited financial results for FY ended March 2026. Total revenue from operations grew 31.8% to Rs 179.27 lakh from Rs 136.02 lakh in the previous year. However, net profit declined 27.1% to Rs 48.35 lakh from Rs 66.30 lakh in FY25, mainly due to higher net loss on fair value changes (Rs 24.72 lakh vs Rs 21.92 lakh). The company also underwent an auditor change - M/s S T A P & Co. resigned citing professional commitments and M/s A D A & Associates was appointed as the new statutory auditor. Borrowings nearly doubled to Rs 977.27 lakh from Rs 500.08 lakh. The auditor issued an unmodified opinion on the financial statements.
The stock may face pressure due to profit decline despite revenue growth, indicating margin compression. The doubling of borrowings raises concerns about financial leverage. However, the company being exempt from corporate governance norms (paid-up capital Rs 3 crore, net worth Rs 5.95 crore) limits disclosure transparency.