Tata Investment Corporation Ltd's Q1FY19 standalone net profit rises 25% yoy to Rs22cr

The company’s standalone revenue stood at Rs31cr, up 22% yoy

Aug 24, 2018 03:08 IST India Infoline Research Team

Tata Investment Corporation Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 30.94 22.2
EBITDA 26.34 26.3
EBITDA Margin (%) 85.1 282
Net Profit (adjusted) 22.48 25.0
***EBITDA margin change is bps

Tata Investment Corporation Limited (TICL) reported standalone revenue of Rs31cr in Q1FY19, a growth of 22% yoy. EBITDA for the quarter was up 26% yoy to Rs26cr. EBITDA margin expanded 282bps to 85.1%. Net profit for the quarter was 25% yoy higher at Rs22cr.

Other Highlights
  • Being a holding and investment company, TICL hardly has any operating expenses, which explains the high EBITDA margin.
  • Similarly, expenses such as depreciation and interest are virtually non-existent for the company. Hence, PBT margin and EBITDA margin for the company are almost identical.
  • Tax rate in Q1FY19 was 15% against 14% in Q1FY18.

Technical View:

Tata Investment Corporation Ltd ended at Rs. 824.15, up by 9.7 points or 1.19% from its previous closing of Rs. 814.45 on the BSE.
The scrip opened at Rs. 816 and touched a high and low of Rs. 836.10 and Rs. 815.95 respectively. A total of 66,972 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

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