Tirupati Tyres Limited, a manufacturer of tyres and related products, has announced its financial results for the first quarter of the fiscal year 2025-26, showcasing significant year-on-year growth despite a sequential decline in revenue.

Strong Year-on-Year Performance

The company reported a total income from operations of ₹110.96 lakhs for the quarter ended June 30, 2025, marking a substantial increase of 393% compared to ₹22.47 lakhs in the same quarter of the previous year. This impressive growth demonstrates the company's ability to expand its market presence and capitalize on increasing demand.

Profitability Surge

Tirupati Tyres' net profit after tax for Q1 FY2026 stood at ₹68.49 lakhs, showing a remarkable year-on-year growth of 500% from ₹11.42 lakhs in Q1 FY2025. This significant improvement in profitability indicates enhanced operational efficiency and effective cost management strategies implemented by the company.

Sequential Performance

While the year-on-year figures are impressive, it's worth noting that the company experienced a sequential decline in revenue. The total income from operations decreased from ₹1,098.93 lakhs in the previous quarter (Q4 FY2025) to ₹110.96 lakhs in Q1 FY2026. However, the company managed to maintain stable profit levels despite this revenue drop.

Key Financial Metrics

All financial figures are in ₹ lakhs, except for EPS

The company's earnings per share (EPS) remained consistent at ₹0.03, both on a sequential and year-on-year basis.

Capital Structure

Tirupati Tyres maintained its paid-up equity share capital at ₹2,444.35 lakhs, indicating no changes in the company's equity structure during the quarter.

Management Approval

The Board of Directors of Tirupati Tyres Limited approved these unaudited financial results at a meeting held on August 13, 2025, as per the regulatory filing.

Investors and stakeholders will be keenly watching how Tirupati Tyres builds on this strong year-on-year growth and addresses the sequential revenue decline in the coming quarters. The company's ability to maintain profitability despite fluctuating revenues suggests resilience in its business model and operational strategies.

Tirupati Tyres Limited , a company traditionally known for its involvement in the tyre industry, has received overwhelming shareholder approval for a significant expansion of its business scope. The company's shareholders have given the green light to alter the main objects clause in its Memorandum of Association, paving the way for diversification into agriculture, real estate, and precious metals trading.

Shareholder Approval Process

The approval was obtained through a postal ballot process conducted via remote e-voting. Out of the company's total 46,736 members, 117 members holding 104,422 equity shares participated in the voting. The special resolution passed with a resounding 99.40% approval, with 103,792 votes in favor and only 630 votes against.

New Business Ventures

The newly approved objects clause allows Tirupati Tyres to venture into several new areas:

1. Agricultural Activities:

   • Cultivation, farming, and production of crops, fruits, vegetables, and grains
   • Livestock breeding and management
   • Processing and marketing of agricultural products
   • Fertilizer trading and farm management services

2. Real Estate Development:

   • Construction and management of residential and commercial properties
   • Real estate brokerage and agency services

3. Precious Metals and Jewelry:

   • Trading in gold, silver, diamonds, and other precious stones
   • Manufacturing and dealing in jewelry and related products

Voting Details

The e-voting period for this crucial decision ran from June 25 to July 24. Ms. Vishakha Agrawal, a practicing company secretary, was appointed as the scrutinizer to oversee the voting process.

Management's Statement

Mr. Pavankumar Kamleshbhai Patel, Director of Tirupati Tyres Limited, stated in the company's filing, "This expansion of our business objects marks a significant milestone in Tirupati Tyres' journey. We are excited about the opportunities these new ventures present and are confident that they will contribute to the company's growth and shareholder value in the coming years."

Potential Name Change

In a separate development, the company's Board of Directors has also approved a proposal to change the company's name. The board is considering options such as "Tirupati Innovar Limited," "Tirupati Corevia Limited," or "Tirupati TerraAxis Limited." This name change proposal, subject to regulatory and shareholder approval, aligns with the company's expanded business scope.

Looking Ahead

With these significant changes, Tirupati Tyres Limited is positioning itself for a major transformation. The company's move from a focused tyre business to a diversified conglomerate spanning agriculture, real estate, and precious metals trading represents a bold step. Investors and market watchers will be keenly observing how the company leverages these new opportunities in the coming months.

As Tirupati Tyres embarks on this new chapter, the management's execution of these diversification plans will be crucial in determining the company's future trajectory in these highly competitive sectors.