Key Highlights
- Consolidated revenue ₹154.34 crore in Q2 FY26, up 8.2% YoY from ₹142.62 crore and 5.6% QoQ from ₹146.17 crore
- Consolidated PAT ₹148.16 crore, up 19.8% YoY from ₹123.69 crore and 1.3% QoQ from ₹146.30 crore
- Half-year consolidated PAT ₹294.46 crore vs ₹254.76 crore in H1 FY25, up 15.6% YoY
- Realised profit on sale of investments in H1 FY26 ₹315.23 crore vs ₹359 crore in H1 FY25
- Total expenses in Q2 FY26 ₹11.40 crore vs ₹9.43 crore in Q2 FY25
- Half-year total income ₹300.51 crore vs ₹285.81 crore a year earlier
- EPS (consolidated) ₹2.93 for Q2 and ₹5.82 for H1 post stock split
Tata Investment Corporation Limited (TICL) reported its unaudited consolidated financial results for the quarter and half-year ended September 30, 2025, showing steady growth in revenue and profit on a year-on-year basis, backed by higher investment income and improved performance from associates.
Quarterly Performance (Q2 FY26)
The company’s consolidated total income for Q2 FY26 stood at ₹154.34 crore, compared to ₹142.62 crore in the same quarter last year, reflecting an 8.2% YoY rise. Sequentially, revenue increased 5.6% from ₹146.17 crore in Q1 FY26.
Revenue from operations included dividend income of ₹116.44 crore, interest income of ₹7.35 crore, net gain on fair value changes of ₹27.28 crore, and rental income of ₹2.91 crore. Other income was ₹0.36 crore, taking the total to ₹154.34 crore for the quarter.
Total expenses for Q2 FY26 were ₹11.40 crore, up from ₹9.43 crore in Q2 FY25, primarily due to higher employee benefits and CSR spending.
Consolidated profit before tax (PBT) stood at ₹167.43 crore, compared to ₹156.38 crore in the same period last year. After accounting for tax expenses of ₹20.11 crore (₹27.83 crore in Q2 FY25), the profit after tax (PAT) came in at ₹148.16 crore, marking a 19.8% YoY increase. On a sequential basis, PAT grew 1.3% from ₹146.30 crore reported in the June quarter.
Half-Yearly Performance (H1 FY26)
For the first half of FY26, consolidated total income reached ₹300.51 crore, up from ₹285.81 crore in H1 FY25 — a 5.1% YoY increase.
Half-year PAT rose to ₹294.46 crore, up 15.6% YoY from ₹254.76 crore in the same period last year.
Tata Investment also reported a realised profit of ₹315.23 crore from the sale of equity investments during H1 FY26, compared to ₹359 crore in H1 FY25.
The company’s earnings per share (EPS) stood at ₹2.93 for Q2 FY26 and ₹5.82 for H1 FY26, post adjustment for the recent stock split from ₹10 to Re 1 per share.
Balance Sheet and Assets
As of September 30, 2025, total consolidated assets stood at ₹35,735.65 crore, compared to ₹34,841.65 crore at the end of FY25. Investments formed the major portion at ₹35,420.47 crore, while cash and cash equivalents increased to ₹17.90 crore from ₹8.08 crore as of March 31, 2025.
Total equity (including non-controlling interest) stood at ₹31,789.62 crore, up from ₹31,090.77 crore at the end of March 2025.
Other Highlights
- Dividend income continued to be the key contributor to revenue.
- Associates and subsidiaries, including Tata Asset Management and Amalgamated Plantations, contributed a combined ₹24.49 crore in profit during the quarter.