Tata Investment Corp Reports 19.3% Rise in Q2 Profit, Revenue Up 8.5%

Tata Investment Corporation Ltd (TICL) has reported a robust performance for the second quarter, with significant growth in both profit and revenue.

Financial Highlights

The company's consolidated net profit for Q2 rose to ₹1.48 billion, marking a 19.3% increase from ₹1.24 billion in the same period last year. This growth demonstrates TICL's strong financial position and effective management strategies.

Revenue for the quarter also saw a notable uptick, reaching ₹1.54 billion, up 8.5% from ₹1.42 billion year-over-year. This increase in revenue underscores the company's ability to generate higher returns from its investment portfolio.

Key Performance Indicators

Metric	Q2 (in billion ₹)	Q2 Previous Year (in billion ₹)	YoY Change
Net Profit	1.48	1.24	+19.3%
Revenue	1.54	1.42	+8.5%

Dividend Income and Investment Gains

The company's financial statement reveals that dividend income played a significant role in its revenue stream. For the half-year ended September 30, TICL reported dividend income of ₹205.60 crore, compared to ₹186.22 crore in the same period last year.

Additionally, TICL benefited from net gains on fair value changes, which amounted to ₹72.72 crore for the half-year, indicating successful investment strategies and favorable market conditions.

Balance Sheet Strength

As of September 30, Tata Investment Corporation's consolidated balance sheet showed total assets of ₹35,735.65 crore, with investments forming a substantial portion at ₹35,420.47 crore. This robust investment portfolio positions the company well for future growth and returns.

Conclusion

Tata Investment Corporation's Q2 results demonstrate the company's resilience and ability to generate higher profits in a dynamic market environment. With its strong balance sheet and growing investment portfolio, TICL appears well-positioned to continue its growth trajectory in the coming quarters.

Investors and market watchers may keep a close eye on how TICL leverages its strong financial position to capitalize on future investment opportunities and maintain its growth momentum.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.24%	+3.98%	-5.35%	+36.80%	+28.02%	+886.91%

Tata Investment Corporation Ltd., a subsidiary of the Tata Group operating as a non-banking financial company, is set to release its quarterly results for the quarter and half-year ended September 30, on Monday, October 27. This announcement comes on the heels of a significant corporate action - a 1:10 stock split completed on October 14.

Stock Split Details

The company recently executed a 1:10 stock split, dividing each share with a face value of Rs 10 into ten units of Rs 1 each. This move is aimed at enhancing the stock's affordability and liquidity in the market.

Recent Financial Performance

In the previous quarter, Tata Investment Corporation reported:

Metric	Amount	YoY Change
Consolidated Revenue	Rs 145.46 crore	2.00%
Profit After Tax	Rs 146.30 crore	11.60%

Stock Performance

The company's stock has shown strong performance:

Metric	Performance
Year-to-Date Gain	22.64%
1-Year Gain	28.75%
Latest Closing Price (Friday)	Rs 840.00

Looking Ahead

Investors and market analysts will be closely watching the upcoming Q2 results for insights into the company's performance in the current fiscal year. The recent stock split may also impact trading patterns and liquidity in the short term.

As a non-banking financial company specializing in long-term investments in equity shares and debt instruments, Tata Investment Corporation's results could provide valuable indicators about the broader investment landscape in India.

Stakeholders are advised to review the detailed financial statements and management commentary that will be released with the Q2 results for a comprehensive understanding of the company's performance and future outlook.