TF

Tirupati Forge Ltd

Q4 FY26Industrial Products

Tirupati Forge Ltd Q4 FY26 Results & Presentation Highlights: Revenue, Margins & Order Book

Q4 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹78
Market cap₹880 Cr
P/E144.3
Updated25 Sept 2026
Read4 min read

Based on Tirupati Forge Ltd's Q4 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q4FY26 revenue: INR 430.3 million, down from INR 492.5 million in Q3FY26 (QoQ decline). - FY26 revenue: INR 1,659.4 million, up from INR 1,162.9 million in FY25 (YoY increase). - Q4FY26 PAT: INR 15.2 million, down from INR 20.2 million in Q3FY26. - Adjusted PAT for Q4FY26: INR 62.95 million vs. The presentation reports Q4FY26 PAT of INR 15.2 million, down from INR 20.2 million in Q3FY26 (quarter-on-quarter decline); adjusted PAT was INR 62.95 million versus 78.55 million after higher depreciation and interest costs.

From Tirupati Forge Ltd's Q4 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

  • Q4FY26 revenue: INR 430.3 million, down from INR 492.5 million in Q3FY26 (QoQ decline).
  • FY26 revenue: INR 1,659.4 million, up from INR 1,162.9 million in FY25 (YoY increase).
  • Q4FY26 PAT: INR 15.2 million, down from INR 20.2 million in Q3FY26.
  • Adjusted PAT for Q4FY26: INR 62.95 million vs. INR 78.55 million in Q3FY26 after higher depreciation and interest costs.
  • The defence vertical is expected to generate approx. INR 2,500 million annual revenue at full utilization starting FY27, with full-year impact from FY28.
  • Company expects FY27 to be transformative with commencement of commercial production at defence plant.

2 more points management made on revenue & sales performance

Profitability & Margins

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

Capital Expenditure Plans

  • Defence Plant: Successfully commissioned, hot trials completed, balance trials on track to finish by Q1 FY27.
  • Trial production of shell bodies completed as per specifications.
  • Commercial production expected to begin in Q2 FY27.
  • Defence vertical capacity to generate ~INR 2500 million annual revenues at full utilization; revenue contribution starts FY27, full impact FY28.
  • EBITDA margins from defence vertical expected above 40%.
  • New solar power plant commissioned, expected to deliver annual cost savings of ~INR 20 million, with full benefits upon commercial production start of defence facility.

2 more points management made on capital expenditure plans

Top-ranked in Industrial Products

Ranked on what management guided this quarter

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2Shera Energy
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3
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4
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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

  • The presentation mentions a "growing order book" driving FY26 revenue increase to INR 1,659.4 Mn from INR 1,162.9 Mn in FY25 (Page 4).
  • Specific quantitative details about the size or value of the order book, order inflow, or pending orders are not explicitly provided in the presentation.
  • The strong demand momentum in the US market contributes to the growing order book (Page 4).

2 more points management made on order book & pipeline

Tirupati Forge Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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

Full financials →

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Frequently Asked Questions

What were Tirupati Forge Ltd Q4 FY26 results?

Q4FY26 revenue: INR 430.3 million, down from INR 492.5 million in Q3FY26 (QoQ decline). - FY26 revenue: INR 1,659.4 million, up from INR 1,162.9 million in FY25 (YoY increase). - Q4FY26 PAT: INR 15.2 million, down from INR 20.2 million in Q3FY26. - Adjusted PAT for Q4FY26: INR 62.95 million vs. The presentation reports Q4FY26 PAT of INR 15.2 million, down from INR 20.2 million in Q3FY26 (quarter-on-quarter decline); adjusted PAT was INR 62.95 million versus 78.55 million after higher depreciation and interest costs.

What is Tirupati Forge Ltd share price analysis?

Tirupati Forge Ltd currently shows a neutral. The stock trades at a P/E of 144.3 with a market cap of ₹880 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tirupati Forge Ltd planning capital expenditure?

Defence Plant: Successfully commissioned, hot trials completed, balance trials on track to finish by Q1 FY27.

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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.