Tirupati Fincorp Limited Reports Net Loss of ₹260.26 Lakhs in Q3 FY26
Tirupati Fincorp Limited reported a net loss of ₹260.26 lakhs for Q3 FY26, showing improvement from the ₹669.20 lakhs loss in the corresponding previous quarter. Total income declined significantly to ₹278.06 lakhs from ₹3,767.57 lakhs year-over-year. The company continues facing regulatory challenges with RBI over its NBFC operations, with the central bank rejecting its registration application and directing cessation of financing activities. For the nine-month period, the company posted a net loss of ₹138.60 lakhs on total income of ₹2,101.99 lakhs.
*this image is generated using AI for illustrative purposes only.
Tirupati Fincorp Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing continued financial challenges with a net loss of ₹260.26 lakhs. Despite the loss, this represents an improvement from the ₹669.20 lakhs loss reported in the corresponding quarter of the previous year.
Financial Performance Overview
The company's financial performance for Q3 FY26 showed mixed results across key metrics:
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Total Income | ₹278.06 lakhs | ₹3,767.57 lakhs | -92.6% |
| Total Expenses | ₹627.08 lakhs | ₹4,549.84 lakhs | -86.2% |
| Loss Before Tax | ₹349.02 lakhs | ₹782.27 lakhs | -55.4% |
| Net Loss | ₹260.26 lakhs | ₹669.20 lakhs | -61.1% |
| Basic & Diluted EPS | ₹(5.16) | ₹(13.27) | Improved |
Revenue Composition and Segment Performance
The company operates through two primary business segments: lending and financing activities, and investment and trading in securities. Interest income from lending activities contributed ₹201.63 lakhs in Q3 FY26, compared to ₹291.67 lakhs in the previous year. Revenue from securities transactions declined dramatically to ₹143.93 lakhs from ₹3,045.60 lakhs in Q3 FY25.
Nine-Month Performance
For the nine months ended December 31, 2025, the company reported:
| Parameter | Nine Months FY26 | Nine Months FY25 |
|---|---|---|
| Total Income | ₹2,101.99 lakhs | ₹10,504.17 lakhs |
| Net Loss | ₹138.60 lakhs | ₹735.90 lakhs |
| Interest Income | ₹1,150.91 lakhs | ₹596.42 lakhs |
Regulatory Challenges and NBFC Status
The company faces significant regulatory hurdles with the Reserve Bank of India. RBI rejected Tirupati Fincorp's application for grant of Certificate of Registration to carry on NBFC business through its order dated June 12, 2025. The central bank has directed the company to cease all financing activities as defined under Section 45-IA(a) of the RBI Act 1934.
Despite passing a Board resolution on August 11, 2025, stating it would refrain from NBFC operations, the auditors noted that fresh business transactions continued. The company has requested a six-month extension from RBI for compliance with regulatory requirements, with the outcome still awaited.
Operational Expenses and Cost Structure
Total expenses for Q3 FY26 amounted to ₹627.08 lakhs, with finance costs representing the largest component at ₹341.00 lakhs, compared to ₹317.87 lakhs in the previous year. Purchase of stock-in-trade decreased to ₹209.70 lakhs from ₹1,160.97 lakhs. The company also recorded impairment loss on loans of ₹110.13 lakhs during the quarter.
Auditor Observations
The statutory auditors highlighted several concerns in their limited review report, including gaps in internal controls for lending business and unavailability of loan documents for verification. Additionally, the company's website was noted as not being in full compliance with SEBI LODR Regulations clause 46(2).
The Board of Directors approved these results at their meeting held on February 5, 2026, with the paid-up equity share capital standing at ₹504.22 lakhs as of December 31, 2025.
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