Tirupati Forge Limited (NSE:TIRUPATIFL)

Tirupati Forge Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	1,256	1,150	1,100	920.3	882.36	307.69
Revenue	1,256	1,150	1,100	920.3	882.36	307.69
Revenue Growth (YoY)	-0.94%	4.53%	19.53%	4.30%	186.77%	11.43%
Cost of Revenue	689.81	662.35	681.75	523.7	510.55	172.65
Gross Profit	566.34	487.48	418.26	396.6	371.81	135.04
Selling, General & Admin	74.51	63.25	48.4	43.76	38.18	21.67
Other Operating Expenses	365.65	272.03	242.09	206.86	227.73	86.61
Operating Expenses	498.08	378.98	325.04	277.69	290.2	127.91
Operating Income	68.26	108.5	93.23	118.91	81.61	7.14
Interest Expense	-16.9	-12.01	-9.99	-7.56	-6.06	-2.33
Interest & Investment Income	8.9	3.84	0.32	-	0.23	0.5
Currency Exchange Gain (Loss)	14.89	8.93	6.49	15.21	9.71	1.16
Other Non Operating Income (Expenses)	-3.74	-4.38	-3	-3.36	-2.56	-1.3
EBT Excluding Unusual Items	71.4	104.88	87.05	123.21	82.92	5.17
Gain (Loss) on Sale of Assets	0.55	0.3	2.3	3.07	0.6	0.27
Pretax Income	71.96	105.18	89.35	126.27	83.52	5.44
Income Tax Expense	18.35	26.63	22.93	31.99	21.29	1.5
Net Income	53.61	78.55	66.42	94.29	62.23	3.94
Net Income to Common	53.61	78.55	66.42	94.29	62.23	3.94
Net Income Growth	-41.87%	18.27%	-29.55%	51.51%	1480.27%	43.15%
Shares Outstanding (Basic)	115	106	99	98	98	97
Shares Outstanding (Diluted)	116	108	99	98	98	98
Shares Change (YoY)	14.94%	8.55%	1.16%	-	0.36%	6.67%
EPS (Basic)	0.47	0.74	0.67	0.96	0.64	0.04
EPS (Diluted)	0.46	0.73	0.67	0.96	0.64	0.04
EPS Growth	-49.42%	8.96%	-30.36%	51.51%	1487.52%	34.69%
Free Cash Flow	-484.29	-251.64	-27.03	6.25	-3.29	-59.74
Free Cash Flow Per Share	-4.17	-2.34	-0.27	0.06	-0.03	-0.61
Dividend Per Share	-	-	-	-	0.100	-
Gross Margin	45.09%	42.40%	38.02%	43.09%	42.14%	43.89%
Operating Margin	5.43%	9.44%	8.48%	12.92%	9.25%	2.32%
Profit Margin	4.27%	6.83%	6.04%	10.24%	7.05%	1.28%
Free Cash Flow Margin	-38.55%	-21.88%	-2.46%	0.68%	-0.37%	-19.41%
EBITDA	113.38	139.4	118.09	140.17	102.43	26.64
EBITDA Margin	9.03%	12.12%	10.74%	15.23%	11.61%	8.66%
D&A For EBITDA	45.12	30.9	24.86	21.26	20.82	19.51
EBIT	68.26	108.5	93.23	118.91	81.61	7.14
EBIT Margin	5.43%	9.44%	8.48%	12.92%	9.25%	2.32%
Effective Tax Rate	25.50%	25.31%	25.66%	25.33%	25.49%	27.61%
Revenue as Reported	1,281	1,163	1,109	938.39	893.03	309.73
Advertising Expenses	-	-	-	0.5	0.5	0.16

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.