TATA INVESTMENT Announces Quarterly Results (1QFY22); Net Profit Up 145.4%

Wed, 11 Aug

TATA INVESTMENT has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

TATA INVESTMENT Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-20*	3 Mar-21*	3 Jun-21*	QoQ Change	YoY Change
Operating income	Rs m	309	309	619	100.2%	100.3%
Other income	Rs m	1	0	1	300.0%	-20.0%
Total revenues	Rs m	310	309	620	100.3%	99.9%
Interest	Rs m	0	0	0	0.0%	0.0%
Gross Profit	Rs m	307	307	617	100.9%	101.0%
Other expenses	Rs m	60	47	57	21.5%	-5.6%
Profit before tax	Rs m	247	260	561	115.4%	126.6%
Tax	Rs m	32	40	33	-18.7%	1.2%
Profit after tax	Rs m	215	220	528	139.9%	145.4%
Gross profit margin	%	99.3	99.3	99.6
Effective tax rate	%	13.1	15.4	5.8
Net profit margin	%	69.6	71.2	85.3

Year-on-Year Performance:

• The bank's operating income (interest earned) during the quarter grew 100.3% on a year-on-year (YoY) basis. The interest expended was up by 0.0% YoY during the same period.
• The bank's operating profit increased by 101.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 99.6% in 1QFY22 as against 99.3% in 1QFY21.
• Other income declined by 20.0% YoY during the quarter.
• Net profit for the quarter increased by 145.4% YoY. Net profit margins during the quarter increased from 69.6% in 1QFY21 to 85.3% in 1QFY22.

Quarter-on-Quarter Performance:

• The bank's operating income (interest earned) during the quarter grew 100.2% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.0% QoQ during the same period.
• The bank's operating profit increased by 100.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 99.6% in 1QFY22 as against 99.3% in 4QFY21.
• Net profit for the quarter increased by 139.9% QoQ, while net profit margins increased from 71.2% in 4QFY21 to 85.3% in 1QFY22.

To see how TATA INVESTMENT has performed over the last eight quarters,please visit here.

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TATA INVESTMENT Share Price Performance

Over the last one year, TATA INVESTMENT share price has moved up from Rs 779.4 to Rs 1,229.4, registering a Gain of Rs 450.0 or around 57.7%.

Overall, the S&P BSE SENSEX is up 42.5% over the year.

Current Valuations

At the current price of Rs 1,229.4, the price to earnings (P/E) ratio of TATA INVESTMENT stands at 38.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.