Tirupati Forge Approves Q3FY26 Results, Allots 11 Lakh Equity Shares Post Warrant Conversion
Tirupati Forge approved Q3FY26 standalone financial results. Total income rose to ₹492.56 crore from ₹407.20 crore QoQ. PAT increased to ₹20.20 crore from ₹13.40 crore QoQ. The company approved the allotment of 11 lakh equity shares upon conversion of warrants. New defence manufacturing facility commissioning in March 2026.
The approval of financial results and equity allotment are positive developments. The progress on the new manufacturing facility for the defence sector also indicates future growth potential, which could have a medium-term impact.
The company reported positive financial results with increased revenue and profit, alongside the approval of equity share allotment upon warrant conversion and progress on a new manufacturing facility.
Tirupati Forge Limited announced the outcome of its Board Meeting held on February 10, 2026. The Board approved the Un-Audited Standalone Financial Results for the Quarter and Nine Months ended December 31, 2025, along with the Limited Review Report.
During the meeting, the Board also approved the allotment of 11,00,000 equity shares at a premium of ₹30 per share, pursuant to the conversion of 11,00,000 Convertible Warrants into equity shares on a preferential basis to the Promoter group. This allotment is part of the earlier issued 1,17,60,000 Convertible Warrants. The company received the balance 75% consideration for these warrants, amounting to ₹2,64,00,000, from two allottees belonging to the Non-Promoter Group.
The unaudited financial results for the nine months and quarter ended December 31, 2025, showed a Total Income of ₹4925.62 crore for the quarter, an increase from ₹4072.60 crore in the previous quarter. Net Profit for the quarter stood at ₹202.24 crore, up from ₹134.14 crore in the previous quarter.
The company also provided an update on its new manufacturing facility for 155 mm MT107 HE empty shell bodies, with an installed capacity of 150,000 units per annum. Civil works are complete, and commissioning is expected in March 2026. The ramp-up plan targets 50% capacity utilization in Q1FY27, reaching 80% by FY28. A capacity expansion is planned for FY27 to capitalize on the growing global defence sector opportunities. The company reported no investor complaints during the period.
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Tirupati Forge Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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