Tirupati Fincorp reports a net loss of Rs 575.96 lakh for FY 2025-26, as revenue cratered 77% following an RBI mandate to cease all NBFI operations. The company is now pivoting into the automotive and electric vehicle sector via its new subsidiary, TFL Supereco Automotive. Investors face heightened risks due to an auditor disclaimer, significant net worth erosion, and the long-term suspension of stock trading on the BSE.
Tirupati Fincorp FY 2025-26 Financial Results
Revenue fell to Rs 25.12 crore, while net loss deepened to Rs 5.76 crore.
Reader Takeaway: The company is attempting a high-risk transition into the EV sector while battling severe regulatory and financial pressures.
What just happened
Tirupati Fincorp Ltd has reported a sharp decline in its financial performance for FY 2025-26. Following an RBI directive dated June 19, 2025, the company was forced to cease its core non-banking financial institution (NBFI) operations. This resulted in a 77.31% year-on-year drop in revenue, down to Rs 25.12 crore. The company posted a net loss of Rs 5.76 crore, a significant widening from the Rs 0.82 crore loss reported in the previous fiscal year.
Why this matters
The company is currently in a state of drastic restructuring. To move away from the failed financial services model, management has incorporated a new subsidiary, TFL Supereco Automotive Private Limited, to enter the automotive and electric vehicle (EV) trading and manufacturing space. This shift represents a complete change in business model, leaving legacy financial operations behind.
Risks to watch
Investors should note that the company's statutory auditors have issued a 'Disclaimer of Opinion,' citing a lack of sufficient evidence regarding Rs 8.20 crore of income increments recorded in the prior year and unresolved loan liability write-offs. Furthermore, the company's net worth has plummeted to just Rs 12.50 lakh from Rs 5.86 crore, signaling deep financial distress. The shares have also remained under BSE trading suspension since December 2015, severely limiting investor exit opportunities.
Context metrics
- Total Assets: Dropped to Rs 119.83 crore from Rs 208.22 crore.
- Concentration Risk: Rs 15 crore is invested in unlisted preference shares of Sea Matrix Enterprise Limited, with a partial impairment of Rs 1.5 crore already recognized.