Board of Directors of the Company at its meeting held today Tuesday, 11th November, 2025 at the registered office of the Company have approved the Un-audited financial results for the quarter ....
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The Board of Tirupati Innovar Limited approved unaudited financial results for Q2 FY26 (three months ended Sept 30, 2025) showing total income of ₹4,852.85 lakhs, up sharply from ₹22.73 lakhs in Q2 FY25, with a profit after tax of ₹151.57 lakhs versus ₹4.53 lakhs a year ago. For the half year, total income was ₹4,963.81 lakhs and PAT was ₹220.06 lakhs (vs ₹15.95 lakhs in H1 FY25), giving EPS of ₹0.90. The statutory auditor issued a Disclaimer of Opinion, flagging major issues: missing supporting documents for sales, purchases, and inventory, no fixed asset register, unsecured loans without agreements, no MSME bifurcation of payables, unconfirmed trade receivables of ₹6,113 lakhs, unverified loans of ₹5,671 lakhs, and unverified TDS receivable of ₹18.33 lakhs. Operating cash flow was negative at ₹(16.35) lakhs for the half year, and cash balance stood at just ₹5.91 lakhs against total assets of ₹11,848 lakhs.
Despite headline numbers showing huge revenue and profit growth, the auditor's Disclaimer of Opinion and lack of supporting documents raise serious concerns about the reliability of the reported figures. Shareholders should treat the reported earnings with caution as the auditor could not verify the underlying transactions, and the negative operating cash flow suggests the profit is not being backed by actual cash generation.