Tata Capital’s profit in June quarter up by more than 100%

Tata Capital’s consolidated net profit in June quarter increased by more than 100%., year-on-year to Rs 1040.93 crore. Tata Capital has already got the approval from SEBI for its IPO. The IPO dates are yet to be announced. The company may be waiting for market conditions to stabilize before it launches its IPO.

Total income up by 17.29% in the quarter

Tata Capital’s total income also rose significantly to ₹7,691.65 crore for the quarter under review when compared to the ₹6,557.40 crore in the April-June quarter of FY2025.

Tata Capital filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) earlier this year. The company’s IPO is expected to be a large IPO with some experts believing the fund raising to total ₹17,200 crore. If such money is raised by Tata Capital, it will have a market value of USD 11 billion.

According to the updated DRHP, Tata Capital will launch an IPO of 47.58 crore shares. The offer will include fresh issue of 21 crore shares and an offer for sale of 26.58 crore shares.

Tata Capital’s strong financial performance, months before its IPO, may give a boost to investor sentiments regarding the IPO.  Tata Sons holds 88.6% stake in the company.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Tata Capital Investor Relations