TATAINVESTTata Investment Corporation Ltd.
Tata Investment Corporation Q2 FY27 Results: Consolidated Net Profit ₹116 Crore on Total Income of ₹123 Crore
- Earnings
- investment company (NBFC)
Reviewed byRachit TripathiBlacklitt Research
Tata Investment Corporation (NSE: TATAINVEST) reported consolidated total income of ₹122.95 crore and net profit of ₹115.92 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹146.94 crore and net profit ₹117.99 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹122.95 crore, down 20.3% YoY and 19.2% QoQ
- Net profit and EPS: ₹115.92 crore, down 21.8% YoY; basic EPS ₹2.29
- Share in profit of associates: ₹26.68 crore, included in profit before tax of ₹136.63 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹146.94 crore, down 1.1% YoY and 29.8% QoQ
- Net profit and EPS: ₹117.99 crore, down 3.2% YoY; basic EPS ₹2.33
- Realised profit on investments: ₹153.95 crore net of tax, credited to retained earnings outside profit after tax
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 122.95 | 154.34 | -20.3% | 152.11 | -19.2% | |
| Revenue from operations | 122.30 | 153.98 | -20.6% | 151.66 | -19.4% |
| Other income | 0.65 | 0.36 | +80.6% | 0.45 | +44.4% |
| 115.92 | 148.16 | -21.8% | 143.51 | -19.2% | |
| Profit before tax | 136.63 | 167.43 | -18.4% | 181.06 | -24.5% |
| Finance costs | 0.11 | 0.08 | +37.5% | 0.10 | +10.0% |
| Depreciation | 0.98 | 0.96 | +2.1% | 0.96 | +2.1% |
| Tax expense | 20.71 | 19.27 | +7.5% | 37.55 | -44.8% |
| Net profit margin | 94.28% | 96.00% | -1.71 pp | 94.35% | -0.06 pp |
| EPS, basic (₹) | 2.29 | 2.93 | -21.8% | 2.84 | -19.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated profit fell faster than income. Net profit dropped 21.8% YoY against a 20.3% fall in total income, and profit before tax fell 18.4%. Tax expense rose 7.5% to ₹20.71 crore, so the gap between profit before tax and net profit widened.
Revenue from operations of ₹122.30 crore is almost all of total income: other income of ₹0.65 crore is 0.5% of total income. Finance costs of ₹0.11 crore are 0.1% of total income, so borrowing is not a material line in this quarter's figures.
The consolidated figures include ₹26.68 crore share in profit of associates. The auditors did not review one subsidiary and three associates; for them the conclusion relies on other auditors' reports. The unreviewed subsidiary, Simto Investment Company Limited, shows a loss after tax of ₹28.76 crore for the quarter, according to the auditors' other matters paragraph.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 146.94 | 148.52 | -1.1% | 209.35 | -29.8% | |
| Revenue from operations | 146.29 | 148.16 | -1.3% | 208.90 | -30.0% |
| Other income | 0.65 | 0.36 | +80.6% | 0.45 | +44.4% |
| 117.99 | 121.88 | -3.2% | 163.89 | -28.0% | |
| Profit before tax | 134.52 | 137.57 | -2.2% | 197.36 | -31.8% |
| Finance costs | 0.09 | 0.07 | +28.6% | 0.09 | 0.0% |
| Depreciation | 0.95 | 0.94 | +1.1% | 0.93 | +2.2% |
| Tax expense | 16.53 | 15.69 | +5.4% | 33.47 | -50.6% |
| Net profit margin | 80.30% | 82.06% | -1.76 pp | 78.29% | +2.01 pp |
| EPS, basic (₹) | 2.33 | 2.41 | -3.3% | 3.24 | -28.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 3.2% YoY, a smaller decline than consolidated net profit (down 21.8%). Standalone total income fell 1.1%, and profit before tax fell 2.2% to ₹134.52 crore.
Tax expense of ₹16.53 crore is 12.3% of standalone profit before tax, up 5.4% from the year-earlier quarter. Dividend income of ₹113.38 crore is the largest line in the standalone revenue from operations.
Note 3 of the standalone results gives realised profit on sale of equity investments of ₹153.95 crore net of tax, credited to retained earnings in addition to profit after tax. The filing lists this separately from net profit.
Consolidated net profit of ₹115.92 crore is ₹2.07 crore lower than standalone net profit of ₹117.99 crore. Against the quarter before, consolidated total income fell 19.2% and standalone total income fell 29.8%.
Other comprehensive income is a loss of ₹2,318.58 crore standalone and ₹2,319.02 crore consolidated for the quarter, which the filing attributes to changes in fair valuation of equity instruments. Total equity post tax was ₹30,790.64 crore, or ₹608.60 per share, at 30 Sep 2026.
Inference
The company is a middle layer NBFC as classified by the Reserve Bank of India, and it has no activities other than those of an investment company, so it reports no separate segments. Dividends paid in the half year were ₹171.95 crore standalone and ₹171.98 crore consolidated.
The filing does not state the reason for the fall in standalone profit after tax against the year-earlier quarter, the reason for the large swing in other comprehensive income between quarters, or the record date and payout of any dividend for the quarter.
Filed with BSE on . Reference: Original filing (PDF)
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