Q1FY19 Result: Tata Investment Corporation reports 22 per cent Revenue growth
Tata Investment Corporation Limited (TICL) declared its Q1FY19 quarterly financial results on Thursday.
Standalone revenue for the quarter came in at Rs. 30.94 crore, registering 22.1 per cent yoy increase.
EBITDA for the quarter rose by 26.3 per cent yoy to Rs. 26.34 crore with a corresponding margin expansion of 282 bps. EBITDA margin for the quarter stood at 85.1 per cent. TICL functions on an invest and hold business model that has hardly any operating expenses and thus exceptional margins. The PAT for the quarter came in at Rs. 22.48 crore, yoy increase of 25 per cent.
TICL is primarily involved in investing in long-term investments such as equity shares, debt instruments, listed and unlisted, and equity-related securities of companies in a wide range of industries. The source of income for the company consists of dividend, interest and profit on the sale of investments.
On Friday, the stock of TICL closed at Rs. 817 per share.