Tata Capital's Steady Growth Post-IPO: A Financial Snapshot

Tata Capital, the non-banking financial company associated with the renowned Tata Group, reported stable growth in its consolidated profit for the September quarter, registering Rs 1,119 crore, marginally down from the Rs 1,133 crore reported in the same period last year.

This financial report comes in the wake of Tata Capital's recent stock market debut on October 13. The company's total income for the quarter saw an increase, reaching Rs 7,750 crore, driven by heightened interest income which rose to Rs 6,980 crore compared to Rs 6,253 crore the previous year.

The successful IPO raised Rs 15,512 crore, marking it as the largest issue of the year. Valued at approximately Rs 1.38 lakh crore at the top end of the price band, the proceeds are intended to bolster Tata Capital's Tier-1 capital base, facilitating further lending and expansion plans.