
Tirupati Forge marks all round growth for Q1 of F.Y. 2022-23

Rajkot (Gujarat) [India], August 23: Tirupati Forge Limited, a Rajkot based company engaged in the manufacturing and exporting of carbon steel forged flanges, forged components and other automotive components has posted spectacular performance for the Q1 of F.Y. 2022-23 against Q1 of F.Y. 2021-22. It has not only posted near 100 per cent growth in the topline, but has also marked 395% growth in the bottom line.
As per the audited results announced by the company, it has posted turnover of Rs. 26.05 cr. with a net profit of Rs. 3.08 cr. for the Q1 of F.Y. 2022-23 compared to a turnover of Rs. 13.05 cr. with a net profit of Rs. 0.62 cr. for the corresponding previous period.
It has an installed capacity of 25000 MTPA and over 90% production is earmarked for exports. Tirupati is accredited with ISO-9001:2015 certification, PED-AD 2000 and CRN. The brand is well known globally and is being exported to USA, Canada, and European and Aftrican countries.
Tirupati Forge Ltd. is currently listed on NSE Main Board platform and its last traded price is Rs. 13.60 (FV of Rs. 2). It has posted last 52 weeks high/low of Rs. 17.05/ Rs. 8.81. For the financial year 2021-22, it earned net profit of Rs. 6.22 cr. on a turnover of Rs. 89.30 cr. Promoters are holding 57.59% shares as of March 31, 2022. In October 2021, The Company alloted bonus shares in the ratio of 3 shares for every 4 shares held.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
More Stories
With Sanjay Dutt on board, CricAdda is poised for even greater success in the online sports and fantasy gaming industry
New Delhi (India), February 4: CricAdda, the online sports and fantasy gaming brand, announced that Indian film actor & renowned...
“Chaitali Das presents eco-friendly souvenirs to Manipuri polo players at Kolkata Polo Season 2022”
Kolkata (West Bengal) [India] February 3: Internationally acclaimed Indian Social Entrepreneur & Philanthropist Chaitali Das receives the memento as a goodwill...
Devalaya eLearn, a Skill Education sector Ed-tech startup raised funds at 240 million capitalization
New Delhi (India), February 4: Devalaya eLearn, India’s most affordable skill education company reportedly raised its first funding at a...
Student Awareness Program on state’s Investment Schemes for young entrepreneurs
Noida (Uttar Pradesh) [India], February 4: Noida International University has organized an event in association with the UP state government...
KLM Axiva Finvest Ltd Expands in Maharashtra, Opens Nodal Office & Branches in MMR, Begins preparations for IPO
The Zonal office of KLM Axiva Finvest Ltd inaugurated by Dr. Narendra Mairpady, CEO Mr. Manoj Ravi & Mr Vivek...
Intex revolutionizing the market of technology for the next generation with an all-new campaign
New Delhi (India), February 4: The 360-degree digital campaign of the brand engages with the generation next by enhancing the...
Average Rating