Meanwhile, its revenue from operations stood at Rs 145.46 crore, up from Rs 142.46 crore in Q1FY25, indicating a 2.1% YoY rise.
On a standalone basis, the company’s net profit witnessed a 23.5% YoY surge to Rs 139.22 crore, as against Rs 112.76 crore posted in the same quarter of the previous financial year, while the revenue from operations grew 21% YoY.
The standalone revenue of the company stood at Rs 170.46 crore, versus Rs 140.95 crore in the first quarter of FY25.
The company declared its Q1 results during the market hours, after which, at around 1:45 pm, the shares of Tata Investment Corporation were trading 3.8% higher at Rs 7,035 on the BSE.
Tata Investment Corporation stock split
Along with the first quarter results, the Tata Group company also announced its first-ever stock split in a 1:10 ratio. The company’s board of directors approved the subdivision of one equity share of face value Rs 10 into ten equity shares of face value Rs 1 each, fully paid-up.In its exchange filing, Tata Investment Corporation stated that the objective of the stock split is to make its equity shares more affordable and encourage broader retail participation in the company’s ownership. The move is also expected to improve the liquidity of the stock in the market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
