The IPO-bound Tata Capital on Wednesday reported a 31 per cent year-on-year surge in its consolidated revenue after tax (PAT) to ₹1,000 crore for 3 months ended March 2025.
The corporate logged a revenue after tax of ₹765 crore within the year-ago interval.
Complete revenues from operations rose practically 50 per cent to ₹7,478 crore within the January-March interval of FY25 from ₹4,998 crore within the year-ago interval, Tata Capital stated in a regulatory submitting.
For monetary 12 months 2024-25, Tata Group’s monetary providers agency reported a PAT of ₹3,655 crore as in comparison with ₹3,327 crore in FY24, and revenues surged to ₹28,313 crore from ₹18,175 crore.
Tata Capital IPO Plans
Final month, Tata Capital filed draft papers with the markets regulator Sebi for an preliminary public providing (IPO) by way of a confidential pre-filing route. Sources had advised PTI that the IPO measurement might be USD 2 billion, valuing the corporate at round USD 11 billion.
The IPO will include a contemporary problem of fairness shares and a suggestion on the market (OFS) by sure shareholders.
Tata Capital, recognized by the Reserve Financial institution of India (RBI) as an upper-layer non-banking finance firm (NBFC), has already secured the board’s approval to proceed with the preliminary share sale.
Notably, Tata Sons, the holding firm of Tata Capital, owns a 92.83 per cent stake within the firm.
If profitable, this IPO would be the largest preliminary share sale within the nation’s monetary sector. It’s going to additionally mark Tata Group’s second public market debut in recent times, following the itemizing of Tata Applied sciences in November 2023.
This transfer is a part of the corporate’s efforts to adjust to the Reserve Financial institution of India’s (RBI’s) itemizing necessities.
As per the RBI mandate, upper-layer NBFCs are required to checklist on inventory trade inside three years of being designated as such. Tata Capital was categorised as an upper-layer NBFC in September 2022.
