Unaudited Financial Results for the quarter and nine month ended 31st December 2025
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Tirupati Innovar (formerly Tirupati Tyres) reported unaudited results showing revenue from operations of Rs 2,100 lakhs for Q3FY26 and Rs 6,953 lakhs for 9MFY26, against a near-zero base a year ago as the company shifted focus to its Agriculture & Others segment. Profit after tax for 9MFY26 jumped to Rs 248.54 lakhs from Rs 31.71 lakhs YoY, and EPS rose to Rs 1.02 vs Rs 0.13. However, the statutory auditor (Chandabhoy & Jassobhoy) issued a 'Disclaimer of Opinion', citing inability to verify completeness of sales, purchases, trade receivables, advances, unsecured loans without agreements, missing MSME bifurcation, unconfirmed TDS receivables, and doubts on going concern basis. Separately, Company Secretary Pratiksha Soni resigned effective 10 February 2026.
Despite the strong revenue and profit growth on paper, the auditor's disclaimer of opinion and going concern warning are major red flags that meaningfully undermine confidence in the reported numbers. Retail investors should exercise extreme caution and watch for management's response and any revised filings before relying on these results.