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Tirupati Forge Limited has announced a board meeting on May 13, 2025, where it approved the financial results for the quarter and half-year ended March 31, 2025. The company reported total income of ₹279.3 lakh for Q4FY25, up 5.4% QoQ, with EBITDA rising 16% to ₹35 lakh. However, PAT slightly declined by 1% to ₹13 lakh QoQ, impacted by higher depreciation due to recent capital investments. For FY25, total income stood at ₹11,498 lakh versus ₹11,000 lakh in FY24, with net profit increasing to ₹785.5 lakh from ₹664.2 lakh. Earnings per share (EPS) for FY25 was ₹0.74.
The company’s balance sheet shows total assets of ₹145.9 Cr as of March 31, 2025, nearly doubling from ₹74.3 Cr a year ago, driven by significant investments in property, plant, and equipment (₹28.1 Cr) and capital work in progress (₹18.4 Cr). Cash and cash equivalents surged to ₹33.1 Cr from ₹4.5 Cr, supported by a net cash inflow of ₹60.8 Cr from financing activities, including preferential equity share and convertible warrant issuances totaling ₹56.1 Cr.
Key corporate actions include the re-appointment of M/s. M. B. Sardhara & Associates as internal auditors for three years and the appointment of Mr. Mallappa Beleri as an independent director. Mr. Anand Mohan Shrivastava resigned as an independent director due to personal reasons.
Strategically, Tirupati is diversifying into defence manufacturing with a committed ₹67 Cr CAPEX, targeting EBITDA margins above 25% and commissioning by Q4 FY26. The company has also commissioned a 4.8 MW solar power plant, expected to save ₹5 Cr annually, enhancing sustainability and cost efficiency. Despite challenges from U.S. tariffs and softness in the auto sector, new CNC machines are expected to improve production efficiency and margins going forward.
Tirupati Forge remains focused on expanding capacity, product diversification, and leveraging government-backed defence sector growth to drive long-term value creation.