Tirupati Forge Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Tirupati Forge posted Q1FY26 (quarter ended June 30, 2025) revenue from operations of ₹32.30 crore, up 17.5% from ₹27.50 crore in Q4FY25 and 11.1% from ₹29.06 crore in Q1FY25. Total income for the quarter stood at ₹32.92 crore. Net profit was ₹1.41 crore, up 8.5% sequentially from ₹1.30 crore but down sharply from ₹2.60 crore a year ago due to higher depreciation (₹1.67 crore vs ₹1.03 crore) and a one-time tax base effect in the prior year. EBITDA improved 21.9% sequentially to ₹4.30 crore from ₹3.53 crore, outpacing revenue growth and indicating margin expansion. The auditor (Kamlesh Rathod & Associates) issued an unqualified limited review report.
Sequential improvement in revenue and EBITDA is positive, supported by strong overseas demand (55% of revenue from exports) and commissioning of the solar power plant. However, sharply higher depreciation from recent capex is weighing on PAT, and shareholders should watch execution of the defence foray and new capacity ramp-up. Overdue fixed deposits with Ashish Credit Co-operative Society (₹1.20 crore provision) remain a minor overhang.