Latest: Tirupati Forge Ltd Q4 FY26 results →All Q2 FY26 results →
TF

Tirupati Forge Ltd

Q2 FY26Industrial Products

Tirupati Forge Q2 FY26 investor presentation: Revenue & Margins

Q2 FY26 investor presentation: what the company reported on revenue, margins and capex.

Price₹70
Market cap₹912 Cr
P/E149.5
Updated16 Oct 2026
Read3 min read

Based on Tirupati Forge Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2FY26 EBITDA: ₹42.9 mn (down 0.2% QoQ from ₹43.0 mn in Q1FY26) [Page 5] - Q2FY26 PAT: ₹13.4 mn (down 5.0% QoQ from ₹14.1 mn in Q1FY26) [Page 5] - Total Income (Revenue) for Q2FY26: ₹407 mn, increased 23.7% QoQ from ₹329 mn in Q1FY26 [Page 5]

From Tirupati Forge Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • EBITDA: ₹42.9 million, decreased 0.2% QoQ from ₹43.0 million in Q1FY26.
  • PAT: ₹13.4 million, decreased 5.0% QoQ from ₹14.1 million in Q1FY26.
  • Outlook:
  • Commercial production at new defence unit expected Q1FY27, with full capacity utilization by H2FY27.

2 more points from Tirupati Forge Ltd's call on revenue

Create a free account to keep reading this call

Profitability & Margins

See what Tirupati Forge Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • New fully automated defence manufacturing facility for empty shell body 155mm M107:
  • Civil works completion: December 2025
  • Machine installation & delivery: January 2026
  • Testing & trials completion: Q4 FY26
  • Commercial production start: Q1 FY27
  • Initial annual capacity: 1.2 lakh (120,000) shell bodies
  • 100% automated shell body production line, among few in India
  • Capacity expansion planned in FY27 to meet rising defence sector demand
  • Defence project ramp-up:
  • Full capacity utilization targeted by H1 FY27
  • Expansion planned to capitalize on accelerating domestic and international demand
  • Strategic capex impact:

2 more points from Tirupati Forge Ltd's call on capex

Create a free account to keep reading this call

Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Tirupati Forge Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

See what Tirupati Forge Ltd said on order book & pipeline — free account, 30 seconds.

Tirupati Forge Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹42 Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tirupati Forge Ltd's management said in earlier quarters

Others in Industrial Products this season

  • Lead Reclaim and Rubber Products Ltd (Q2 FY26)

    Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim

  • Shubhshree Biofuels Energy Ltd (Q2 FY26)

    Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —

  • De Neers Tools Ltd (Q2 FY26)

    H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.

  • WOL 3D India Ltd (Q2 FY26)

    Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Tirupati Forge Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Tirupati Forge Ltd Q2 FY26 results?

Q2FY26 EBITDA: ₹42.9 mn (down 0.2% QoQ from ₹43.0 mn in Q1FY26) [Page 5] - Q2FY26 PAT: ₹13.4 mn (down 5.0% QoQ from ₹14.1 mn in Q1FY26) [Page 5] - Total Income (Revenue) for Q2FY26: ₹407 mn, increased 23.7% QoQ from ₹329 mn in Q1FY26 [Page 5]

What is Tirupati Forge Ltd share price analysis?

Tirupati Forge Ltd currently shows a neutral. The stock trades at a P/E of 149.5 with a market cap of ₹912 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tirupati Forge Ltd planning capital expenditure?

New fully automated defence manufacturing facility for empty shell body 155mm M107: - Civil works completion: December 2025 - Machine installation & delivery: January 2026 - Testing & trials

Keep Tirupati Forge Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.