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

Rajkot (Gujarat) [India], August 19: 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 to notify us. We will respond and rectify the situation in the next 24 hours.

27 Replies to “Tirupati Forge marks all round growth for Q1 of F.Y. 2022-23

  1. Normally I don’t read article on blogs, however I would like to say that this write-up very forced me to check out and do it! Your writing style has been surprised me. Thanks, quite great article.

  2. An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!

  3. I’ve been absent for some time, but now I remember why I used to love this blog. Thanks, I will try and check back more frequently. How frequently you update your website?

  4. Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch! “Bill Dickey is learning me his experience.” by Lawrence Peter Berra.

  5. I loved up to you’ll obtain performed proper here. The caricature is attractive, your authored material stylish. nevertheless, you command get got an edginess over that you wish be handing over the following. ill unquestionably come further earlier once more since precisely the same just about a lot incessantly inside case you shield this hike.

  6. Howdy very cool site!! Man .. Excellent .. Superb .. I’ll bookmark your blog and take the feeds additionally…I’m happy to seek out a lot of helpful information here within the post, we want work out extra techniques in this regard, thanks for sharing.

  7. Fantastic web site. Lots of useful information here. I?¦m sending it to several buddies ans also sharing in delicious. And obviously, thank you to your effort!

  8. I like this post, enjoyed this one appreciate it for putting up. “No trumpets sound when the important decisions of our life are made. Destiny is made known silently.” by Agnes de Mille.

  9. fantastic points altogether, you simply gained a new reader. What would you recommend about your post that you made a few days ago? Any positive?

Leave a Reply

Your email address will not be published.