Tirupati Forge Limited has informed the Exchange regarding 'Investor Presentation on Q4FY26 and FY26 Update, including Current Status ofDefence Project for Empty Shell Body 155 MM M107 Disclosure under Regulation 30 readwith Para A of Part A of Schedule III of the SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015'.
TIRUPATIFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tirupati Forge reported FY26 revenue of INR 1,659.4 Mn, up 44% from INR 1,162.9 Mn in FY25, driven by strong US market demand. However, FY26 PAT declined to INR 62.9 Mn from INR 78.5 Mn due to higher depreciation and interest costs from the new defence manufacturing facility and solar power plant. Q4FY26 saw revenue dip to INR 430.3 Mn from INR 492.5 Mn in Q3 due to geopolitical headwinds. The defence plant has been successfully commissioned with hot trials completed and trial production meeting required specifications. Commercial production is expected to commence in Q2 FY27 with customer discussions at advanced stages. The defence vertical is projected to generate annual revenues of approximately INR 2,500 Mn at full utilization with EBITDA margins expected above 40%.
The defence business represents a transformational growth opportunity, expected to drive significant revenue and margin expansion from FY27 onwards. Near-term profitability remains pressured by upfront investments, but the company is positioning for a pivot to higher-margin defence manufacturing.