We wish to inform that the Board of Director at their meeting held today i.e. Aug 11, 2025, has approved the Unaudited financial statement & Limited review report issued by the Statutory ....
Awaiting price reaction for this filing.
Tirupati Fincorp's Board approved its Q1 FY26 standalone results on August 11, 2025. Total income jumped to Rs 1,032.31 lakhs from Rs 560.84 lakhs a year ago (about 84% growth), driven by both interest income (Rs 478.78L vs Rs 135.19L) and securities trading revenue (Rs 553.53L vs Rs 425.63L). Net profit rose sharply to Rs 165.09 lakhs (EPS Rs 3.27) from Rs 17.86 lakhs (EPS Rs 0.36) in the same quarter last year. However, the auditor flagged serious concerns in the limited review, including weak internal controls in the lending business, unverifiable interest expenses due to missing loan documents, and past non-compliance where March 2025 results were uploaded as unmodified despite being qualified. Most importantly, the RBI cancelled the company's NBFC registration in 2019 and in May 2025 again rejected its re-application, ordering it to stop lending activities. The company is seeking a 6-month extension from RBI and awaiting response.
Despite strong headline numbers, this is a high-risk stock. The RBI's directive to halt financing business threatens the company's core lending operations and raises serious going-concern doubts. Shareholders should expect heightened regulatory and stock-price risk until the RBI matter is resolved.