Tirupati Forge, established in 2012, manufactures carbon steel forged flanges and automotive parts. In Q1 FY26, Total Income rose 17.9% to ₹329 million, and EBITDA grew 21.9% to ₹43.03 million. Despite higher depreciation, PAT increased 8.5% to ₹14.10 million, driven by overseas demand, which accounts for 55% of revenue. They're also expanding into the defence sector.