Ahead of IPO good news for Noel Tata, this company’s profit jumps more than double to Rs 10410000000 in…

Tata Capital, the non-banking financial arm of the Tata Group, on Monday reported a sharp jump in its consolidated net profit, which more than doubled to Rs 1,040.93 crore for the quarter ended June 2025.

Tata Capital Q1 Profit

In comparison, the IPO-bound company had posted a profit of Rs 472.21 crore in the same period last year. Total income for the April–June 2025 quarter rose to Rs 7,691.65 crore, up from Rs 6557.40 crore in the corresponding quarter of the previous fiscal, Tata Capital said in a regulatory filing.

Tata Capital Q1 Profit

Earlier this month, Tata Capital filed updated draft papers for a mega initial public offering (IPO), with people familiar with the matter pegging the issue size at USD 2 billion (Rs 17,200 crore). This would value the company at around USD 11 billion.

Tata Capital To Go For IPO

According to the updated draft red herring prospectus (DRHP), the proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares.

Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares.

If successful, this IPO will become the largest public issue in India’s financial sector. It will also mark the Tata Group’s second public listing in recent years, following the debut of Tata Technologies in November 2023.

The public issue is being undertaken in line with the Reserve Bank of India’s (RBI) listing mandate for upper-layer NBFCs, which requires them to be listed within three years of classification. Tata Capital was designated as an upper-layer NBFC in September 2022. 

(With Inputs From PTI)

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