Tata Investment logs 83% yoy growth in PAT at Rs95.90 crore; stock climbs ~3%

26 Apr 2022 , 11:24 AM

Tata Investment Corporation Limited announced its results for the quarter and financial year ended March 31, 2022.

Net Profit for the financial year was reported at Rs95.90 crore, which jumped by 83% yoy against the previous financial year. PAT for the quarter declined 17% QoQ at Rs17.50 million.

The company’s revenue from operations for FY22 stood at Rs433.60 crore, up by 44% yoy against FY21. Revenue for Q4FY22 declined by 9% QoQ at Rs98.50 crore.

Its EBITDA for the current financial year was Rs117.10 crore, reporting a jump of 64% over the last year. While EBITDA for the quarter under review dipped 18% QoQ at Rs22.30 crore.

EBITDA and Net Profit Margin for FY22 came in at 27% and 22% respectively.

Basic and Diluted EPS for the quarter were reported at Rs44.59 per share in FY22.

Phase Transfer Catalysts (PTCs) comprised 23% of the revenue during FY22, reporting revenue growth of nearly 20% yoy.  Structure Directing Agents (SDAs) comprised 52% of revenue during FY22, and reported robust growth of 87% y-o-y in this segment.

At around 11.27 AM, Tata Investment was trading at Rs1,527.05 up by Rs42.25 or 2.85% from its previous closing of Rs1,484.80 on the BSE. The scrip opened at Rs1,528 and has touched intraday high and low of Rs1,528.40 and Rs1,501.05 respectively.