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Tirupati Forge has announced a board meeting on the financial results for the quarter and half-year. Q4FY25 EBITDA rose 16% QoQ to ₹35 mn driven by better product mix and operational efficiency, despite U.S. tariffs and weak auto exports. Margin expansion is expected from new CNC machines and a 4.8 MW solar plant, saving ₹50 mn annually. The company’s ₹67 Cr CAPEX into defence manufacturing aims for 25%+ EBITDA margins by FY27, indicating promising growth and diversification.