Tata Capital Unlisted Shares FY24 Results Quick Analysis | Tata Capital Share News
Tata Capital, a subsidiary of Tata Sons, is a Non-Deposit Accepting Core Investment Company. Its main focus is investing in its group companies. Tata Capital Unlisted Shares FY24 Results are out, so let’s take a look at its performance.
The company's consolidated gross income stood at ₹18,000 crore, a 33.44% increase compared to ₹13,600 crore last year. PAT (Profit After Tax) increased by only 4%, reaching ₹3,300 crore, up from ₹2,900 crore in FY23. Tata Capital's loan book expanded by 35%, reaching ₹1,57,700 crore. Additionally, the company grew its branch network from 438 to 723 branches.
However, it is currently available at a 23 P/B ratio, which is considered overvalued. Therefore, we recommend selling Tata Capital Pre IPO shares. For better opportunities, contact Planify @ 7065560002.
About Tata Capital Limited:
Tata Capital Limited (“TCL” ) is a subsidiary of Tata Sons Private Limited. In May 2012, the Company was registered with the Reserve Bank of India (“RBI”) as a Systemically Important Non-Deposit Accepting Core Investment Company (“CIC”). TPL through its subsidiaries is involved into offering different financial products like Retail Finance, Small & Medium-sized enterprises (SME ), Housing Finance, Infrastructure Financing, Stock Market Broking & Mutual Fund Distribution
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