Tata Investment Corporation Limited Earnings Summary — Q4 FY2026
Tata Investment Corp Reports 68% YoY Profit Growth Amid Softening Sequential Revenue
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 279.3% sequentially in Q1 FY2027.
- Revenue of ₹152 Cr is 4.3% higher year-on-year.
- Revenue has compounded at 54.4% annualised over the last 10 quarters.
- Net profit of ₹144 Cr is 1.9% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 46.8% annualised across the period.
- Operating margin stands at 92.3% in Q1 FY2027.
- Operating margin compressed by 15 bps year-on-year.
- Over the last two years operating margin has expanded by 35 bps.
- PBT margin is 119.4%.
- Expenses grew 6.3% against revenue growth of 4.3%.
- Operating profit of ₹140 Cr is 4.1% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 69/100 (Healthy) on the latest 10 quarters.
- Business momentum is broadly stable quarter to quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 152 | 40 | 58 | 154 | 145 | 16 | 4 | 142 | 142 | 57 |
| Expenses | Improving | 12 | 10 | 10 | 10 | 11 | 9 | 9 | 9 | 12 | 8 |
| Operating Profit | Volatile | 140 | 30 | 48 | 144 | 134 | 7 | -5 | 133 | 131 | 49 |
| Operating Margin | Volatile | 92.3% | 74.0% | 82.3% | 93.3% | 92.4% | 45.0% | -146.6% | 93.6% | 91.9% | 86.3% |
| Other Income | Accelerating | 42 | 30 | 34 | 25 | 35 | 29 | 26 | 23 | 25 | 23 |
| Interest | Volatile | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | Volatile | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Profit Before Tax | Volatile | 181 | 58 | 81 | 167 | 168 | 36 | 21 | 156 | 156 | 72 |
| Tax | Volatile | 38 | -6 | 5 | 19 | 22 | -2 | 1 | 33 | 25 | 12 |
| Net Profit | Volatile | 144 | 64 | 75 | 148 | 146 | 38 | 20 | 124 | 131 | 60 |
| Net Margin | Volatile | 94.6% | 159.7% | 130.2% | 96.2% | 100.6% | 229.6% | 528.6% | 86.8% | 92.0% | 105.9% |
Key Takeaways
- Revenue grew 150% YoY to ₹40 Cr, though it declined sequentially from ₹58 Cr in Q3.
- Net Profit surged by over 68% compared to the same quarter last year, reaching ₹64 Cr.
- Operating Profit Margins remain healthy at 74%, showcasing the low overhead of the holding company model.
- The balance sheet remains exceptionally strong with reserves exceeding ₹29,000 Cr.
- Other income of ₹30 Cr continues to be a primary driver of the bottom line, reflecting steady dividend inflows.
- The company maintains a near-zero debt status with only ₹1 Cr in borrowings reported.
- Taxation for the quarter was a credit/benefit (-10%), aiding the final net profit figure.
Management Guidance
Management remains focused on a long-term value aggregation strategy, prioritizing strategic equity investments in Tata Group and other liquid entities over short-term revenue volatility.
Sentiment Shift
Stable
While sequential revenue and profit dipped, the substantial year-on-year growth and strong asset base maintain a positive long-term outlook.
Outlook
The company acts as a closed-end fund whose intrinsic value is tied to the market performance of the Tata Group. Future earnings will likely continue to be lumpy based on dividend cycles and portfolio rebalancing.
From the Annual Report (Key Quotes)
“The true value lies in the massive unrealized appreciation of its strategic holdings.”
“Communication is transparent, though MD&A typically focuses on macroeconomic factors and general portfolio health.”
“The vision remains consistent: to participate in the growth of Indian industry through a diversified equity portfolio.”
Official Quarterly Documents
This summary is AI-generated from Tata Investment Corporation Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.