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Tata Sons FY25 revenue may dip despite record dividends

Mint Bangalore

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June 11, 2025

Previous year had seen a one-off income of ₹9,000 crore from the sale of TCS shares

- Dipali Banka & Nehal Chaliawala

Tata Sons, the privately held parent company of the Tata group, will likely see its revenues shrink in 2024-25 despite receiving record dividend income from the group companies.

The reason: previous fiscal's one-off income from the sale of Tata Consultancy Services (TCS) Ltd shares.

The company's dividend income from 11 listed companies surpassed the ₹35,000-crore mark in 2024-25, which is the highest ever, showed data compiled by Mint.

However, since Tata Sons sold TCS shares worth approximately ₹9,000 crore in the open market in 2023-24, its income is likely to see a decline in the latest fiscal.

Dividends and share buybacks from group companies account for nearly all of Tata Sons' top line. While the conglomerate has 26 listed companies, the 11 companies used in this analysis account for over 95% of dividend income of the holding firm.

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