Tata Investments Q2 Results: Cons revenue up 15% YoY to Rs. 142 crore has been done. 124 crore net profit

Tata Investment Corporation on Thursday reported its September quarter net profit at Rs. 124 crore which was flat compared to the same quarter of the previous fiscal. However, on a sequential basis, Tata Group NBFCs posted in Q1FY25 Rs. 131 crore as profit after tax (PAT) was down by around 6%.

Total income from operations Rs. 142.48 crore, compared to Rs. 123.86 crore was 15% higher than Rs. It was flat sequentially as the company’s April-June quarter revenue stood at Rs. 142.46 crores.

The company’s dividend income in the reported quarter was Rs 102.14 crore as against Rs 84.08 crore in Q1FY25 and Rs 90.94 crore in Q2FY24. Meanwhile, interest income fell year-on-year and QoQ to Rs. 9.14 crore which in Q1FY25 was Rs. 14.88 crore in Q2FY24 and Rs. 11.34 crores.

Net gain on fair value change component Rs. 31.20 crore in Q1FY25, which was Rs. 43.50 crore in Q2FY24 and Rs. It was 21.58.

The earnings were announced after market hours and shares of Tata Investment Corporation ended the session on the NSE, up from Wednesday’s closing price of Rs. 117.70 or 1.74% to Rs. 6,890 crore was reached.

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