Tata Investment Corporation shares surged 9.2% to ₹7,625 per share after the board approved Q1 results and a 1:10 stock split. The company reported an 11.6% increase in consolidated profit after tax at ₹146.3 crore and a 2% rise in consolidated total revenue from operations at ₹145.46 crore.
Tata Investment Corporation's shares surged 9.2% to ₹7,625 per share after the board approved Q1 results and a 1:10 stock split. The company reported an 11.6% increase in consolidated profit after tax at ₹146.3 crore and a 2% rise in consolidated total revenue from operations at ₹145.46 crore.
The stock split, which is the company's first-ever, aims to make shares more affordable and encourage broader retail participation. The board approved the subdivision of one equity share with a face value of Rs 10 into ten fully paid-up equity shares with a face value of Re 1 each [1]. This move is expected to enhance liquidity and improve the accessibility of shares for retail investors.
The stock split announcement followed the company's Q1FY26 results, which showed a significant improvement in financial performance. The company's net profit rose 23.5% year-on-year to Rs 139.22 crore, with revenue from operations increasing by 21% year-on-year. The standalone revenue of the company stood at Rs 170.46 crore, up from Rs 140.95 crore in the first quarter of FY25 [4].
The stock split was approved by the board on Monday, August 4, 2025, and is subject to shareholder approval via postal ballot and necessary statutory and regulatory clearances. The record date for the subdivision of shares will be announced once these approvals are received [1].
Investors reacted positively to the news, with the shares trading 3.8% higher at Rs 7,033.60 on the BSE after the results were announced [2]. The stock split is expected to further boost liquidity and attract more retail investors to the company.
References:
[1] https://m.economictimes.com/markets/stocks/news/tata-investment-announces-first-ever-stock-split-in-110-ratio-check-details-on-record-date/articleshow/123090131.cms
[2] https://www.business-standard.com/markets/news/tata-group-stock-up-11-percent-in-two-days-on-announcing-q1-results-stock-split-125080500376_1.html
[4] https://m.economictimes.com/markets/stocks/news/tata-investment-q1-results-cons-pat-rises-12-yoy-to-rs-146-crore-revenue-up-2/articleshow/123091740.cms
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