Tata Investment Q2 Results | Net profit declines 12% to ₹100 crore but revenue up 16%

Tata Investment Corporation Ltd on Thursday (October 31) reported an 11.5% year-on-year (YoY) decline in net profit at ₹100.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Tata Investment Corporation posted a net profit of ₹113.2 crore, the company said in a regulatory filing.

Revenue from operations increased 16.3% to ₹132.2 crore against ₹113.7 crore in the year-ago period.

Tata Investment Corporation Ltd is a non-banking financial company and is primarily involved in investing in long-term investments such as equity shares and equity-related securities.

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The Tata Group company also assists in the establishment of new ventures and acts as an investment company with a diversified portfolio of investments. Tata Investment Corporation was promoted by Tata Sons Private Ltd in 1937, under the name The Investment Corporation of India Ltd.

Besides Tata Sons, which owns a 68.5% stake in the company, other Tata Group companies that own stake in Tata Investment include Tata Power (1.57%), Tata Chemicals (0.87%), Tata Steel (0.45%) and Tata Consumer (0.29%). Trent also has a negligible stake in the company as per the June quarter shareholding pattern.

The results came after the close of the market hours. Shares of Tata Investment Corporation Ltd ended at ₹6,903, up by ₹133.75, or 1.98%, on the BSE.

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