Tirupati Forge Limited — Updates, 14-11-2024: Press Release

Tirupati Forge Limited reported impressive financial results for the quarter ended September 30, 2024. Revenue surged 37.71% year-on-year, increasing from Rs. 44.89 crore in Q2 FY24 to Rs. 61.82 crore in FY25. For the first half of FY25, the revenue also rose by the same percentage compared to H1 FY24. EBITDA experienced a slight increase of 2.23%, advancing from Rs. 48.05 crore in Q2 FY24 to Rs. 49.12 crore in FY25, with EBITDA margins standing at 2.23%. PAT skyrocketed by 96.78%, growing from Rs. 2.67 crore in Q2 FY24 to Rs. 5.25 crore in FY25, with similar growth in H1 FY25.

The company's strong performance is attributed to significant volume growth during the quarter. The management expressed optimism about future growth, highlighting plans to enhance capacity through new machinery investments. This strategy aims to boost margins and expand into niche industries with better profit profiles. Stakeholders' trust and support are pivotal as Tirupati Forge embarks on this promising growth trajectory. Investors may view this as a positive outlook for sustained performance and expansion opportunities.