Tata Investment Corporation Q4 Results: Net Profit Falls 37.7%, Revenue Drops 71.2%
Business and Industry Overview:
Tata Investment Corporation Limited (TICL) is a non-banking financial company (NBFC) primarily engaged in long-term investments across various industries. Formerly known as The Investment Corporation of India, the company invests in equity shares, debt instruments, and equity-related securities, both listed and unlisted. TICL was promoted by Tata Sons Pvt. Ltd. in 1937 and remained a closely held entity until 1959, when it became one of the first publicly listed investment companies on the Bombay Stock Exchange. Initially focused on supporting new ventures, TICL gradually transformed into an investment company with a diversified portfolio. Over the decades, it has played a pivotal role in the growth of several well-known Indian companies, including SKF Bearings (India) Ltd., Ceat Ltd., and National Rayon Corporation. TICL is currently a subsidiary of Tata Sons, which, along with other Tata companies, holds 73.38% of its paid-up capital. The company is led by Noel Tata as Chairman and F.N. Subedar as Vice Chairman, supported by a team of financial and investment experts.
Non-Banking Financial Companies (NBFCs) have witnessed significant growth in India’s financial ecosystem, playing a crucial role in credit expansion and financial inclusion. Their market share in credit distribution increased from 12% in 2008 to 18% in 2019, before slightly declining to 16% in 2022 due to increased competition from banks. And TICL is one of the renowned NBFCs, which has played an important, crucial role in funding new businesses.
Latest Stock News:
Tata Investment Corporation Limited (TICL) will announce its Q4 FY25 results today, April 21, 2025. The stock has performed very well over the past five years, increasing by over 800% as of April 17, 2025. TICL is a non-banking financial company. It mainly invests in long-term investments like equity shares and equity-related securities. The company was originally called The Investment Corporation of India and became a subsidiary of Tata Sons in February 2008. Tata Sons and other Tata companies own about 73.38% of TICL’s paid-up capital. Tata Investment Corporation owns more than 2% of Tata Capital. Tata Sons, its parent company, holds about 93% of Tata Capital. TICL is also the investment arm of the Tata Group. This means that TICL benefits from the rising value of Tata Group companies, such as Tata Capital, especially with the upcoming Tata Capital IPO.
Segmental information:
Equity Investments: TICL primarily invests in a diversified portfolio of equity shares and securities of listed and unlisted companies across various industries, including Tata Group companies.
Debt & Fixed-Income Investments: The company also holds investments in debt instruments, including bonds and other fixed-income securities, providing a steady stream of interest income.
Dividend & Interest Income: A significant portion of TICL’s revenue comes from dividends and interest earned on its investments, ensuring stable returns over time.
Asset Management: TICL is a co-promoter of Tata Asset Management Pvt Ltd, managing mutual funds and investment portfolios for institutional and retail investors.
Subsidiary Investments:
- Simto Investment Company Limited (Subsidiary) – TICL holds a majority stake in Simto Investment Company Ltd., enhancing its investment portfolio.
- Tata Asset Management Private Limited (Associate Company) – TICL is a co-promoter of Tata Asset Management, which manages Tata Mutual Funds and provides investment management services.
- Tata Trustee Company Private Limited (Associate Company) – This entity oversees the Tata Mutual Fund schemes, ensuring governance and compliance in asset management.
- Amalgamated Plantations Private Limited (Associate Company) – TICL has an investment in this tea plantation company, one of the largest in India, supporting its diversified portfolio.
Q4 Highlights:
- Revenue from operations fell 71.2% to ₹16.43 crore, down from ₹57.11 crore in Q4 FY24.
- Profit before tax dropped 50.4% to ₹35.81 crore from ₹72.21 crore last year.
- Total expenses increased 24% year-on-year to ₹10.02 crore.
- In Q4 FY24, the company had posted a net profit of ₹35.26 crore.
- Revenue for the quarter ended March 31, 2025, also fell 7.2% YoY to ₹51.54 crore.
- Dividend declared: ₹27 per share (face value ₹10), subject to shareholder approval.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY23 | FY24 |
| Revenue | 57 | 16 | 385 | 305 |
| Expenses | 8 | 9 | 33 | 39 |
| EBITDA | 49 | 7 | 352 | 266 |
| OPM | 86% | 45% | 91% | 87% |
| Other Income | 29 | 23 | 65 | 104 |
| Net Profit | 60.00 | 38 | 385 | 312 |
| NPM | 105.26 | 237.50 | 100.00 | 102.30 |
| EPS | 11.95 | 7.46 | 76.09 | 61.68 |