Tirupati Forge Limited has informed the Exchange regarding Outcome of Board Meeting held on May 13, 2025.
TIRUPATIFL · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.4 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tirupati Forge reported audited FY25 results with total income rising to ₹1,163 crore (from ₹1,109 crore in FY24), driven by a 4.5% increase in revenue from operations to ₹1,150 crore. Profit after tax grew 18.3% to ₹78.5 crore (from ₹66.4 crore), while EBITDA margin expanded to 14.3% from 12.3%, supported by a better product mix and commissioning of new CNC machines. Q4 was softer – revenue fell ~17% year-on-year to ₹275 crore due to falling steel prices, weak auto-sector demand, and U.S. tariff uncertainty hitting exports. The Board appointed Mallappa Beleri as a non-executive independent director for 5 years, accepted the resignation of Anand Mohan Shrivastava, and re-appointed M.B. Sardhara & Associates as internal auditor for FY26–FY28. The company also confirmed utilisation of ~₹84 crore raised via a preferential issue (1.46 crore equity shares + 1.176 crore warrants) toward capacity expansion, defence foray, and a 4.8 MW solar plant.
Positive: full-year profit growth and margin expansion along with a large capital raise and new defence/solar initiatives signal a growth-oriented phase. Watch-out: Q4 revenue decline and U.S. tariff headwinds on exports (~55% of revenue) could pressure near-term topline and keep stock volatile.