Tata Investment Corporation Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Tata Investment Corporation Ltd reported a 97.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 92.6%.
- Its expenses for the quarter were up by 0.5% QoQ and 25.4% YoY.
- The net profit decreased 84.1% QoQ and decreased 63.2% YoY.
- The earnings per share (EPS) of Tata Investment Corporation Ltd stood at 3.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3.80 | 142.62 | 51.62 | -97.3% | -92.6% |
Total Expenses | 9.48 | 9.43 | 7.56 | 0.5% | 25.4% |
Profit Before Tax | -5.68 | 133.19 | 44.06 | -104.3% | -112.9% |
Tax | 0.96 | 32.69 | 6.48 | -97.1% | -85.2% |
Profit After Tax | 19.61 | 123.69 | 53.24 | -84.1% | -63.2% |
Earnings Per Share | 3.90 | 24.40 | 10.50 | -84.0% | -62.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Tata Investment Corporation Ltd is a non-banking financial company (NBFC) primarily involved in investment activities. It focuses on investing in a variety of financial instruments including equity shares, preference shares, debentures, and other securities of companies in a wide range of industries. The company is a part of the Tata Group, one of India's largest and oldest conglomerates, known for its diverse business interests spanning sectors such as IT, steel, automotive, and consumer goods. As an investment company, Tata Investment Corporation Ltd does not have traditional product or service offerings but rather focuses on generating returns through its investment portfolio. The company may periodically adjust its portfolio based on market conditions and strategic opportunities, but specific recent developments in its investment approach are not provided in the available data.
Revenue
In Q3FY25, Tata Investment Corporation Ltd reported a total income of ₹3.80 crores, which represents a significant decline compared to both the previous quarter (Q2FY25) and the same quarter of the previous year (Q3FY24). The company's total income decreased by 97.3% quarter-over-quarter (QoQ) from ₹142.62 crores and by 92.6% year-over-year (YoY) from ₹51.62 crores. This sharp reduction in revenue may be attributed to fluctuations in investment returns or changes in market conditions affecting the company's portfolio performance during the reported period.
Profitability
The company's profitability metrics indicate substantial decreases when compared to both the preceding quarter and the same quarter of the previous year. The profit before tax (PBT) for Q3FY25 was reported as a loss of ₹5.68 crores, a stark contrast to the PBT of ₹133.19 crores in Q2FY25 and ₹44.06 crores in Q3FY24. This marks a QoQ decline of 104.3% and a YoY decline of 112.9%. Similarly, the profit after tax (PAT) fell to ₹19.61 crores for Q3FY25, down from ₹123.69 crores in Q2FY25 and ₹53.24 crores in Q3FY24, reflecting a decrease of 84.1% QoQ and 63.2% YoY. The earnings per share (EPS) followed a similar pattern, declining to ₹3.90 in Q3FY25 from ₹24.40 in Q2FY25 and ₹10.50 in Q3FY24, corresponding to an 84.0% QoQ and a 62.9% YoY decrease.
Operating Metrics
The company's total expenses for Q3FY25 stood at ₹9.48 crores, maintaining a relatively stable level compared to ₹9.43 crores in Q2FY25, marking a slight increase of 0.5% QoQ. However, when compared to Q3FY24, where expenses were ₹7.56 crores, there was a noticeable increase of 25.4% YoY. Tax expenses for Q3FY25 were reported at ₹0.96 crores, down from ₹32.69 crores in Q2FY25 and ₹6.48 crores in Q3FY24, reflecting QoQ and YoY decreases of 97.1% and 85.2%, respectively. These metrics highlight the variations in the company's cost and tax structures over the periods, which could be influenced by changes in regulatory requirements, investment income fluctuations, or portfolio strategy adjustments.
