Tata Investment Corporation Q2 FY27 Results Analysis: PAT Falls 22%, H1 Income Grows 11% (TATAINVEST)
Tata Investment Corporation Ltd's Q2 FY27 numbers came in mixed, with revenue of Rs. 146.94 Cr (-1.06% YoY) and PAT growth of -3.19% YoY. Here's a quick read of what worked, what to watch, and what management said.
| Results date | November 02, 2026 |
|---|---|
| Revenue (Q2) | Rs. 146.94 Cr (-1.06% YoY) |
| PAT (Q2) | Rs. 117.99 Cr (-3.19% YoY) |
| EPS (Q2) | Rs. 2.33 (-3.32% YoY) |
Quarter Snapshot
TATAINVEST delivered standalone H1 total income growth of 11.45% YoY and PAT growth of 7.96% YoY, but Q2 consolidated PAT fell 21.76% YoY on a negative fair-value swing and a Simto subsidiary loss of Rs.(28.76) Cr. The company publishes no guidance, so no beat/miss framework applies; the balance sheet remains debt-free with 1.07x CFO/PAT and a 66.29% H1 dividend payout.
Key Investment Insights
Key Positives
- Standalone H1 dividend income grew 26.36% YoY to Rs.319.21 Cr (Rs.319.21 Cr vs Rs.252.62 Cr)
- Standalone H1 total income grew 11.45% YoY and H1 PAT grew 7.96% YoY to Rs.281.88 Cr
- Rental income from investment property grew 14.43% YoY to Rs.3.33 Cr in Q2
- CFO/PAT was 1.07x consolidated for H1 FY27 (Rs.278.41 Cr CFO vs Rs.259.43 Cr PAT)
- Balance sheet is debt-free; consolidated investments grew 6.98% in six months to Rs.34,716.94 Cr and total equity grew 6.62% to Rs.31,154.90 Cr
- Share of profit of associates grew 8.94% YoY to Rs.26.68 Cr in Q2
- FY26 dividend of Rs.171.98 Cr was paid within H1, a 66.29% payout of consolidated H1 PAT
Risk Factors
- Consolidated PAT fell 21.76% YoY to Rs.115.92 Cr, with the fair-value line swinging from +Rs.27.28 Cr to Rs.(2.34) Cr
- Underlying PAT excluding fair-value gains was down ~5% YoY on both standalone (−4.96%) and consolidated (−4.93%) bases
- Consolidated ETR rose ~365 bps YoY to 15.16% from 11.51%, a drag on consolidated PAT
- Subsidiary Simto swung to a Rs.(28.76) Cr drag in Q2 from a Rs.1.79 Cr contribution in Q2 FY26, turning the group a net Rs.(2.07) Cr below standalone
- Standalone OCI was Rs.(2,318.58) Cr, turning total comprehensive income to Rs.(2,200.59) Cr and cutting standalone equity per share 7.15% QoQ to Rs.608.60
- Standalone interest income declined 13.19% YoY to Rs.6.32 Cr
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Disclaimer: This results analysis is published for educational and informational purposes only. It is not investment advice, not a recommendation to buy, sell or hold any security.