Tata Investment Corporation (501301) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were reviewed and approved by the Board on July 31, 2024.

• Both standalone and consolidated results have undergone a limited review by joint statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone total income for Q1 FY25 was ₹141.68 crore, up from ₹122.88 crore in Q1 FY24.

• Standalone profit after tax for Q1 FY25 was ₹112.76 crore, compared to ₹111.33 crore in Q1 FY24.

• Consolidated total income for Q1 FY25 was ₹143.19 crore, compared to ₹151.86 crore in Q1 FY24.

• Consolidated profit after tax for Q1 FY25 was ₹131.07 crore, down from ₹147.74 crore in Q1 FY24.

• Realised profit on sale of investments (net of taxes) for Q1 FY25 was ₹70.93 crore (standalone and consolidated).

Outlook and guidance

• No explicit forward-looking guidance provided, but the company continues to operate as a systemically important NBFC classified as a middle layer NBFC by RBI.