Tirupati Forge- Standalone HY1-FY21 Net profit dips to Rs.22.15 lacs against Rs.31.70 lacs in HY1-FY20

Tirupati Forge – Standalone HY1-FY21 Earning per share stood at Rs.0.21 against Rs.0.32 in HY1-FY20

Tirupati Forge announced its Standalone financial results for the quarter and half year ended on 30th Sept 2020.

Following are the Standalone financial details of HY1 FY20-21 at Tirupati Forge:

- Revenue stood at Rs.12.08crore whereas in the previous year, same period revenue was Rs.13.53 crore.

- Net profit falls to Rs.22.15 lacs against Rs.31.70 lacs in the corresponding period last year.

- Earning per share stood at Rs.0.21 against Rs.0.32 in a year ago period.

Financials for Standalone Q2 at Tirupati Forge in FY20-21 are as follows:

- Revenue stood at Rs.6.82 crore while previous year corresponding period it was Rs.7.18 crore.

- Net profit was of Rs.20.18 lacs against Rs.26.49 lacs in a year ago period.

- Earning per share was Rs.0.19 against Rs.0.27 in a year ago period.

By the end of financial year 2019-20, Tirupati Forge earned standalone revenue of Rs27.96 crore with net profit of Rs 27.50 lacs and Earning per share of Rs.0.21.

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