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Tirupati Forge suffered loss of Rs.4 lacs in HY2 FY19-20

Total revenue of the company reached Rs.14.44 core in HY2 of FY19-20 showing a decline as compared to a year ago period.

Company : Tirupati Forge Limited

Tirupati Forge declared its financial results for the annual and half year ended on March, 2020.

The highlights of standalone HY2 financial results of FY19-20 are as under:

- The revenue reached Rs.14.44 crore against Rs.21.72 crore in a year ago period.

- Net loss stands at Rs.4 lacs as compared to net profit of Rs.1.93 crore in the preceding year same period.

- Loss per share was Rs.0.05

Tirupati Forge earned revenue of Rs.27.97 crore in FY2019-20 whereas last year it was Rs.42.09 crore. The annual PAT of the company reached Rs.27 lacs in FY19-20 showing a decline when compared to PAT of Rs.4.19 crore in the previous fiscal year.

Incorporated in 2012, Tirupati Forge Ltd is a manufacturer and supplier of Forged Flanges, Auto Parts and Automotive Components.

Rs. in Lacs
Current Year Upto Previous Year Upto Previous Year
31/3/2020 31/3/2019 2019-2020
Income Statement
Revenue 1424.00 2180.00 2761.00
Other Income 20.00 -8.00 36.00
Total Income 1444.00 2172.00 2797.00
Expenditure 1346 1819.00 2527.00
Finance Cost 17.00 22.00 50.00
PBDT 81.00 331.00 220.00
Depreciation 86.00 60.00 182
PBT -5.00 271.00 38.00
Tax -1.00 78.00 11.00
Net Profit -4.00 193.00 27.00
Equity 754.00 890.00 754.00
EPS -0.05 1.99 0.27

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