NBFC STOCK IN THE NEWS AFTER REPORTING DECENT Q3 RESULTS
NBFC stock
TATACAP
reported a 20% jump in net profit of Rs 1,265 crore for the quarter ended Dec25. It's net profit in the same period year-ago was Rs 1,050 crore. Moreover, assets under management of the company grew by 26% YoY from Rs 1,86,404 crore in Dec24 to Rs 2,34,114 crore in Dec25.
With a portfolio of more than 25 lending products, the company caters to a diverse customer base, including salaried and self-employed individuals, entrepreneurs, small businesses, SMEs, and corporates. In addition to lending, it also distributes third-party products such as insurance and credit cards, offers wealth management services, and acts as a sponsor and investment manager to private equity funds.
The stock price has seen a surge of 10% from it's listing price in Oct25, thereby showcasing a strong demand amongst investors.