15 May 2025
Tata Capital, which is planning an initial public offering (IPO), announced on Wednesday that it experienced a 31% year-on-year increase in its consolidated profit after tax (PAT), reaching Rs 1,000 crore for the three months ending in March 2025. In the same period last year, the company reported a PAT of Rs 765 crore.
Total revenues from operations surged nearly 50% to Rs 7,478 crore in the January-March period of FY 2025, compared to Rs 4,998 crore during the same period the previous year, according to a regulatory filing from Tata Capital.
For the financial year 2024-25, Tata Capital reported a PAT of Rs 3,655 crore, up from Rs 3,327 crore in FY 2024. Revenues also increased, rising to Rs 28,313 crore from Rs 18,175 crore.
Last month, Tata Capital submitted draft papers to the markets regulator, the Securities and Exchange Board of India (SEBI), for a confidential pre-filing of its IPO. Sources have indicated that the IPO could be valued at around USD 2 billion, which would place the company’s valuation at approximately USD 11 billion.
The IPO will include both a fresh issue of equity shares and an offer for sale (OFS) by certain shareholders. Tata Capital has been classified by the Reserve Bank of India (RBI) as an upper-layer non-banking finance company (NBFC) and has already received board approval to proceed with the initial share sale.
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