Tata Capital to Release First Post-IPO Quarterly Results on October 28

Tata Capital Ltd. , the financial services arm of the Tata Group, is set to announce its second quarter financial results on October 28, marking a significant milestone as its first earnings report since going public. The company's Board of Directors will convene to approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30.

Recent IPO Performance

Tata Capital made its stock market debut on October 13, with shares opening at ₹330.00, representing a modest 1.2% premium to its IPO price of ₹326.00. The company's initial public offering (IPO) raised ₹15,512.00 crore and was nearly two times oversubscribed, indicating strong investor interest.

Previous Financial Performance

In the first quarter of the current fiscal year, Tata Capital demonstrated solid financial performance:

Metric	Q1 FY2024 (₹ crore)	YoY Change
Standalone Revenue	5574.00	+3%
Net Profit	568.00	+11%

Upcoming Earnings Call

An earnings conference call is scheduled for 5 p.m. on October 28, featuring senior management including:

Rajiv Sabharwal, MD & CEO
Rakesh Bhatia, CFO

This call will provide an opportunity for investors and analysts to gain deeper insights into the company's performance and future outlook.

The upcoming financial results will be closely watched by investors and market analysts, as they will offer the first comprehensive view of Tata Capital's performance as a publicly traded company. These results may provide valuable insights into the company's growth trajectory and its ability to leverage its recent public listing for further expansion in the competitive financial services sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.57%	+1.20%	-0.38%	-0.38%	-0.38%	-0.38%

Tata Capital has requested India Ratings and Research (Ind-Ra) to withdraw all credit ratings for its debt instruments. This move affects multiple financial instruments previously rated by the agency.

Withdrawn Ratings

Instrument	Amount	Previous Rating
Commercial Paper	Rs 80.00 billion	IND A1+
Bank Loan Facilities	Rs 10.00 billion	IND AAA/Stable
Non-Convertible Debentures	Rs 2.50 billion	IND AAA/Stable

The rating withdrawal aligns with Ind-Ra's policy, as the ratings were no longer being utilized and maintenance was not required.

Changes in Tata Capital's Status

Tata Capital has undergone significant changes in its operational structure:

The company ceased to be a core investment company.
It now holds an NBFC Investment Credit Company license.

These developments mark important shifts in Tata Capital's business model and regulatory classification, potentially impacting its future financial strategies and market positioning.

The withdrawal of credit ratings and the change in the company's status as an NBFC Investment Credit Company could have implications for investors and stakeholders. However, it's important to note that the rating withdrawal was initiated at the company's request and follows the rating agency's standard procedures.