Tirupati Foam Q1FY27 net profit up 60% YoY to ₹67.76 lakh
Tirupati Foam Limited posted a 60% YoY increase in Q1FY27 net profit to ₹67.76 lakh, driven by a 22.3% revenue surge to ₹2,809.26 lakh. Operating profit expanded 52.1% to ₹87.85 lakh, supported by inventory optimization that offset higher material costs. EPS rose to ₹1.54 from ₹0.96 in the prior year period.
*this image is generated using AI for illustrative purposes only.
Tirupati Foam Limited reported a significant improvement in profitability for the first quarter of FY27, with net profit rising nearly 60% year-on-year. The polyurethane foam manufacturer posted a net profit of ₹67.76 lakh for the quarter ended June 30, 2026, compared to ₹42.39 lakh in the same period last year. This growth was underpinned by a 22.3% surge in revenue from operations, which reached ₹2,809.26 lakh, up from ₹2,296.46 lakh in Q1FY26.
The company’s Board of Directors approved the unaudited standalone financial results at a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors F P & Associates.
Financial Performance
Revenue from operations expanded by ₹512.80 lakh sequentially from ₹2,437.88 lakh in Q4FY26 and by ₹512.80 lakh annually. Total income for the quarter stood at ₹2,817.73 lakh, including other income of ₹8.48 lakh.
| Metric: | Q1FY27 | Q1FY26 | Change (YoY) |
|---|---|---|---|
| Revenue From Operations: | ₹2,809.26 lakh | ₹2,296.46 lakh | +22.3% |
| Other Income: | ₹8.48 lakh | ₹8.86 lakh | -4.3% |
| Total Income: | ₹2,817.73 lakh | ₹2,305.32 lakh | +22.2% |
Operating profit before exceptional items increased 52.1% to ₹87.85 lakh from ₹57.76 lakh in the corresponding period last year. This expansion occurred despite a sharp rise in cost of materials consumed, which jumped to ₹2,374.92 lakh from ₹1,836.25 lakh in Q1FY26.
What the Numbers Show
A key driver of the operating profit growth was the change in inventories of finished goods and work in progress. In Q1FY27, this line item showed a credit of ₹142.08 lakh, indicating a reduction in inventory levels that lowered the cost of goods sold. In contrast, Q1FY26 saw a debit of ₹63.78 lakh due to inventory buildup. This swing of approximately ₹205.86 lakh in inventory accounting significantly boosted operating margins, partially neutralizing the impact of higher raw material costs and financial expenses, which rose to ₹86.26 lakh from ₹93.36 lakh in the prior year quarter.
Profitability Metrics
Net profit after tax rose to ₹67.76 lakh from ₹42.39 lakh. Tax expenses were recorded at ₹20.09 lakh, comprising current tax of ₹20.30 lakh and deferred tax benefit of ₹0.21 lakh. In the previous year’s quarter, total tax expense was ₹15.37 lakh.
Basic and diluted earnings per share (EPS) stood at ₹1.54, compared to ₹0.96 in Q1FY26. Total comprehensive income for the period was ₹69.05 lakh, including other comprehensive income items such as remeasurement benefits from defined benefit plans.
Corporate Actions
Alongside the financial results, the Board reappointed Mr. D A Rupawala, proprietor of D. A. Rupawala & Associates, as the Internal Auditor for FY2026-2027. The company continues to operate through its manufacturing units in Gandhinagar, Gujarat, and Greater Noida, Uttar Pradesh.
Historical Stock Returns for Tirupati Foam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.98% | +8.28% | +29.04% | +16.21% | +3.69% | -7.15% |
To what extent is the Q1FY27 profit growth sustainable given that it was significantly driven by a one-time inventory reduction credit rather than pure operational efficiency?
How will the company mitigate the rising cost of materials, which surged to ₹2,374.92 lakh, in the upcoming quarters without eroding operating margins?
What specific strategies is Tirupati Foam Limited pursuing to maintain its 22.3% revenue growth trajectory amidst potential fluctuations in the polyurethane foam demand cycle?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
