Tirupati Starch & Chemicals Limited, a key player in the starch manufacturing sector, has reported a mixed financial performance for the second quarter ended September 30, 2025. The company's results show a significant turnaround in profitability despite a decrease in revenue.

Financial Highlights

All figures in crore

Revenue Decline

Tirupati Starch & Chemicals experienced a 13.59% year-on-year decline in revenue, reporting ₹89.23 crore for Q2 2025 compared to ₹103.27 crore in the same quarter last year.

Profitability Improvement

Despite the revenue decline, the company demonstrated a remarkable improvement in profitability. It reported a net profit of ₹0.22 crore for Q2 2025, a significant turnaround from the loss of ₹6.58 crore in Q2 2024. This shift to profitability suggests effective cost management and operational efficiency measures.

Board Approval and Financial Reporting

The company's Board of Directors has approved both standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2025.

Consolidated Performance

While specific details of the consolidated results were not provided, it's worth noting that the company has a wholly-owned subsidiary, Tirupati Starch Charitable Foundation, which is a Section-8 company.

Outlook

The company's ability to achieve profitability despite lower revenue generation indicates resilience in challenging market conditions. However, the decline in revenue may warrant attention from management and investors alike.

Note: All financial figures are based on the unaudited results approved by the company's Board of Directors.

Tirupati Starch & Chemicals Limited , a key player in the starch manufacturing industry, has announced significant changes to its board structure and auditor appointments, signaling a new phase in the company's corporate governance.

Board Restructuring and New Appointments

The Board of Directors has approved several key appointments, subject to shareholder approval at the upcoming 39th Annual General Meeting. Among the notable changes:

• Mr. Saransh Agrawal is recommended for appointment as a Non-executive Independent Director for a five-year term starting October 1, 2025. Mr. Agrawal, a Commerce graduate with CA (Inter) qualification, brings fresh perspective to the board.
• Mr. Ramdas Goyal, a veteran in the company, will transition from his role as Whole-time Director to Non-executive Director, effective July 30, 2025. This change supersedes an earlier resolution for his reappointment as Whole-time Director, indicating a shift in the company's executive structure.

New Auditor Appointments

Tirupati Starch & Chemicals has also made changes to its auditing team:

• M/s Harish Khandelwal & Company, Chartered Accountants, appointed as Statutory Auditors for a five-year term, from the 39th to the 44th Annual General Meeting, replacing the retiring M/s ABMS & Associates.
• M/s P.S. Tripathi & Associates appointed as Secretarial Auditors for a five-year term covering financial years 2025-26 to 2029-30.

These appointments aim to ensure continued transparency and compliance in the company's financial reporting.

Financial Performance

The company also released its unaudited financial results for the quarter ended June 30, 2025. Here are the key highlights:

The company has shown a marked improvement in its financial performance compared to the same quarter last year. Revenue from operations increased by 6.95%, while the company turned a profit of ₹161.60 lakhs compared to a loss in the previous year.

These changes in board structure, auditor appointments, and improved financial performance reflect Tirupati Starch & Chemicals' commitment to strengthening its governance and operational efficiency. Shareholders will have the opportunity to approve these changes at the upcoming Annual General Meeting scheduled for August 29, 2025.