Tata Investment Corporation on Thursday reported its September quarter net profit at Rs 124 crore which was flat over the corresponding quarter of the previous financial year. However, on a sequential basis, the profit after tax (PAT) fell by nearly 6% versus Rs 131 crore posted by the Tata Group NBFC in Q1FY25.
Total revenue from operations stood at Rs 142.48 crore, which was 15% higher over Rs 123.86 crore reported by the company in the corresponding quarter of the previous financial year. It was flat on a sequential basis as the company's April-June quarter revenue stood at Rs 142.46 crore.
Company's dividend income in the reported quarter stood at Rs Rs 102.14 crore versus Rs 84.08 crore in Q1FY25 and Rs 90.94 in Q2FY24. Meanwhile, the interest income was down on a YoY and QoQ basis at Rs 9.14 crore versus Rs 14.88 crore in Q1FY25 and Rs 11.34 crore in Q2FY24.
Net gain on fair value changes component posted a revenue of Rs 31.20 crore, down from Rs 43.50 crore in Q1FY25 and Rs 21.58 in Q2FY24.
The earnings were announced after market hours and Tata Investment Corporation shares finished the session at Rs 6,890 crore on the NSE, gaining by Rs 117.70 or 1.74% over the Wednesday closing price.
The company incurred expenses of Rs 9.43 crore in Q2FY25 which stood lower from Rs 11.77 crore in Q1FY25 and Rs 14.95 crore in Q2FY24.
Profit Before Tax (PBT) in the reported quarter stood at Rs 156.38 crore versus Rs 155.71 crore in Q1FY25 and Rs 122.25 crore in Q2FY24.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Total revenue from operations stood at Rs 142.48 crore, which was 15% higher over Rs 123.86 crore reported by the company in the corresponding quarter of the previous financial year. It was flat on a sequential basis as the company's April-June quarter revenue stood at Rs 142.46 crore.
Company's dividend income in the reported quarter stood at Rs Rs 102.14 crore versus Rs 84.08 crore in Q1FY25 and Rs 90.94 in Q2FY24. Meanwhile, the interest income was down on a YoY and QoQ basis at Rs 9.14 crore versus Rs 14.88 crore in Q1FY25 and Rs 11.34 crore in Q2FY24.
Net gain on fair value changes component posted a revenue of Rs 31.20 crore, down from Rs 43.50 crore in Q1FY25 and Rs 21.58 in Q2FY24.
The earnings were announced after market hours and Tata Investment Corporation shares finished the session at Rs 6,890 crore on the NSE, gaining by Rs 117.70 or 1.74% over the Wednesday closing price.
The company incurred expenses of Rs 9.43 crore in Q2FY25 which stood lower from Rs 11.77 crore in Q1FY25 and Rs 14.95 crore in Q2FY24.
Profit Before Tax (PBT) in the reported quarter stood at Rs 156.38 crore versus Rs 155.71 crore in Q1FY25 and Rs 122.25 crore in Q2FY24.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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