Tirupati Forge Q2 PAT Surges 238% QoQ

Date: 05th November, 2026

Revenue increased sharply to ₹581.5 million in Q2FY27, compared to ₹384.3 million in Q1FY27
PAT surged 238% quarter-on-quarter to ₹41.2 million in Q2FY27, compared to ₹12.2 million in Q1FY27
Performance driven by robust demand from the North American market
Improving operating performance and positive momentum across key markets

Successfully completed manufacturing of first batch of 200 units of 155mm M107 empty shells
Defence team completed final inspection for proof testing at manufacturing facility
Expected commercial production commencement in Q4 FY27
Received DPIIT manufacturing licence, strengthening defence manufacturing capabilities
Successfully completed forging and machining of 155mm ERFB shell body
Company positioned among select group of global manufacturers with specialized ERFB capabilities
Strong commercial interest from multiple prospective customers across international markets
Expected commercial production commencement by H1 FY28

More than 15 years of experience in manufacturing forged and machined components
Manufacturing unit spread across 5 acres with in-house testing and R&D labs
Current installed capacity of 15,000 TPA (tonnes per annum)
Certifications: IATF 16949:2016, ISO 9001:2015, PED AD 2000 & CRN
Among only 3 firms in India with installed 630 Ton Lasco Press Line
55% of revenue attributed to overseas markets (USA, Canada, Malaysia, Europe, African countries)

Forging Capacity: 15,000 TPA with MPM Hammers: 2.5 ton and 4 ton
Job Capacity: 0.5 Kg - 125 Kg Single Piece Weight
Press Line forging capacity up to 2kg
Heat Treatment Capacity: 1000 kg/hr for Annealing, Quenching, Hardening & Tempering
Ring Rolling: 15,000 TPA, Size: 150mm-800mm OD
Paint Shop Capacity: 60 TPD ready to pack material with fully automatic dipping and drying paint line
Multi Spindle Drilling Machine Capacity: 800 OD, fully automatic
Hydraulic Extrusion Press Capacity: 10,000 TPA, Job Capacity: 15 Kg to 150 Kg Single Piece Weight
630 Ton Lasco Hydraulic Extrusion Press
Machining facility: CNC machines ranging from 15mm to 800mm OD, fully automatic VMC machines for 1000mm OD

Forging industry CAGR 7.6% with rapidly growing automotive industry
Global investments in infrastructure and construction driving growth
India becoming global forging hub supported by "Make in India" initiative
Defence sector opportunity: Ministry of Defence gets ₹6.8 lakh crore allocation with 75% earmarked for domestic procurement
India to spend $130 billion on military in next 5 years
India Defence sector to grow at CAGR of 13% from FY23 to FY30
Global Defence budget projected to reach USD 2,546.9 billion by 2028 at CAGR of 4.9%