If you follow financial news from Singapore, Malaysia, Hong Kong, or any Southeast Asian market, you will regularly come across the term PATMI. But what does it stand for, and how is it different from the more common PAT?
This guide gives you the complete picture — simply explained.
PATMI Full Form
PATMI stands for Profit After Tax and Minority Interest.
| Letter | Stands For |
|---|---|
| P | Profit |
| A | After |
| T | Tax |
| M | and Minority |
| I | Interest |
Each component matters:
- Profit After Tax — the net profit after all expenses and income tax are deducted
- Minority Interest — the share of profit belonging to minority (non-controlling) shareholders in subsidiaries, which is then deducted
What is PATMI?
PATMI is the net profit attributable to the parent company’s shareholders — after deducting both income tax and the portion of profit that belongs to minority shareholders in subsidiaries.
In simple terms: when a parent company owns, say, 70% of a subsidiary, the remaining 30% of that subsidiary’s profit belongs to other shareholders (minority interest). PATMI removes that 30% share, leaving only the profit the parent company’s shareholders can truly claim.
This makes PATMI a more precise measure of shareholder returns than PAT (Profit After Tax) for companies that have subsidiaries with outside investors.
For a detailed deep-dive on PATMI with examples and comparison tables, see: What is PATMI? Complete Guide →
PATMI Full Form in Singapore
In Singapore, PATMI is the standard bottom-line profitability metric used by companies listed on the SGX (Singapore Exchange). When a Singapore-listed company announces quarterly or annual earnings, the headline profit figure is almost always PATMI — not PAT.
This is because Singapore’s accounting standards (aligned with IFRS) require consolidated financial statements that include subsidiaries. Since many Singapore companies have partial ownership in subsidiaries across the region, PATMI — which strips out minority shareholders’ share — is the most relevant figure for SGX investors.
You will see PATMI reported as:
- “PATMI of S$450 million, up 18% year-on-year”
- “PATMI attributable to shareholders of the company”
- “Profit attributable to equity holders of the parent”
All three phrases mean the same thing — PATMI.
PATMI Full Form in Malaysia and Hong Kong
Malaysia: Malaysian listed companies on Bursa Malaysia also commonly report PATAMI — Profit After Tax and Minority Interest (same meaning, slightly different abbreviation). You will see both PATMI and PATAMI used interchangeably in Malaysian financial reports.
Hong Kong: HKEX-listed companies typically use the phrase “profit attributable to owners of the parent” or “profit attributable to equity holders” — which is the IFRS equivalent of PATMI.
PATMI Formula
PATMI = PAT − Minority Interest (Non-Controlling Interest)Or in full:
PATMI = Revenue − COGS − Operating Expenses − Interest − Tax − Minority InterestWhere:
- PAT = Profit After Tax — the consolidated net profit of the group
- Minority Interest = the share of subsidiary profit belonging to non-controlling shareholders
How to Calculate PATMI — Step by Step Example
Company ABC Holdings owns 75% of Subsidiary XYZ. Here are the consolidated financials for FY2025:
| Item | Amount (₹ / S$ crore) |
|---|---|
| Total Revenue | 5,000 |
| Operating Expenses | 3,500 |
| EBIT | 1,500 |
| Interest | 200 |
| PBT | 1,300 |
| Tax @ 25% | 325 |
| PAT (consolidated) | 975 |
| Minority Interest (25% of subsidiary profit) | 80 |
| PATMI | 895 |
PATMI = 975 − 80 = ₹895 crore
This ₹895 crore is the profit that actually belongs to ABC Holdings’ shareholders. The remaining ₹80 crore belongs to the 25% minority shareholders of Subsidiary XYZ.
PATMI vs PAT — Key Differences
| PAT | PATMI | |
|---|---|---|
| Full Form | Profit After Tax | Profit After Tax and Minority Interest |
| What It Includes | Total consolidated net profit | Only the parent’s share of net profit |
| Minority Interest | Included | Deducted |
| Which Is Higher? | Always ≥ PATMI | Always ≤ PAT |
| Used In | India (Ind AS), most markets | Singapore, Malaysia, SE Asia (IFRS) |
| Best For | Group-level profitability | Shareholder-level profitability |
| EPS Calculation | Less accurate for groups | More accurate for groups |
Key rule: PATMI will always be equal to or lower than PAT. If a company has no subsidiaries or owns 100% of all its subsidiaries, PAT and PATMI will be identical.
Is PATMI Used in India?
PATMI is not commonly used in Indian financial reporting. Indian companies listed on NSE or BSE report under Ind AS (Indian Accounting Standards), which uses the term “profit attributable to owners of the parent” — the equivalent concept to PATMI, but not labelled as such.
In Indian annual reports and earnings announcements, you will typically see:
- PAT — Profit After Tax (standalone)
- Consolidated PAT — including subsidiaries
- Profit attributable to owners of parent — the PATMI equivalent
However, Indian investors and analysts increasingly use PATMI when evaluating Indian companies that have significant listed subsidiaries — such as Tata Group companies, Mahindra Group, or Adani Group entities — where minority interest is material.
Why PATMI Matters for Investors
1. More accurate EPS EPS (Earnings Per Share) should reflect only the profit available to the parent’s shareholders. Using PATMI instead of PAT gives a more accurate EPS — especially for holding companies with large minority stakes.
2. Avoids overstating profitability A parent company that owns 51% of a highly profitable subsidiary will show a large consolidated PAT — but only 51% of that subsidiary’s profit actually belongs to the parent’s shareholders. PATMI removes the inflated portion.
3. Better for comparing holding companies Companies with complex subsidiary structures (conglomerates, REITs, infrastructure holdings) are best compared on PATMI rather than PAT, since their PAT can be significantly inflated by minority-held subsidiaries.
4. Used in ROCE and ROE calculations When calculating return metrics for companies with subsidiaries, using PATMI in the numerator gives a cleaner picture of returns attributable to the parent’s shareholders vs total capital employed.
PATMI vs EBITDA — What’s the Connection?
EBITDA measures operational profitability before interest, tax, depreciation, and amortisation — it does not account for minority interest at all. PATMI sits at the very bottom of the income statement after all deductions including minority interest.
Think of the profit ladder:
Revenue
↓ minus operating costs
EBITDA
↓ minus depreciation & amortisation
EBIT
↓ minus interest
PBT
↓ minus tax
PAT
↓ minus minority interest
PATMI ← bottom of the ladderPATMI is the most conservative, shareholder-specific profitability measure of all.
Key Takeaways
- PATMI full form = Profit After Tax and Minority Interest
- It is the net profit attributable only to the parent company’s shareholders — after deducting minority interest
- Formula: PATMI = PAT − Minority Interest
- PATMI is always equal to or lower than PAT
- Widely used in Singapore (SGX), Malaysia (Bursa), and Hong Kong (HKEX)
- Not commonly labelled as PATMI in India — equivalent term is “profit attributable to owners of parent”
- More accurate than PAT for EPS calculation in companies with partially-owned subsidiaries
- For a complete guide with tables and examples: What is PATMI? →
Frequently Asked Questions (FAQ)
Q: What is PATMI full form? PATMI stands for Profit After Tax and Minority Interest. It is the net profit attributable to the parent company’s shareholders after deducting income tax and the share of profit belonging to minority (non-controlling) shareholders in subsidiaries.
Q: What is PATMI full form in Singapore? In Singapore, PATMI stands for Profit After Tax and Minority Interest. It is the standard earnings metric used by SGX-listed companies in their financial results, representing the profit attributable to the parent company’s equity holders after tax and minority interest deductions.
Q: What is the difference between PAT and PATMI? PAT (Profit After Tax) is the total consolidated net profit including the share belonging to minority shareholders of subsidiaries. PATMI deducts minority interest from PAT, leaving only the profit attributable to the parent company’s shareholders. PATMI is always equal to or lower than PAT.
Q: What is minority interest in PATMI? Minority interest (non-controlling interest) is the share of a subsidiary’s profit that belongs to shareholders other than the parent company. For example, if a parent owns 70% of a subsidiary, the remaining 30% profit is minority interest — this is deducted from PAT to arrive at PATMI.
Q: Is PATMI the same as PATAMI? Yes. PATAMI (Profit After Tax and Minority Interest) is the same metric as PATMI, just written differently. PATAMI is more commonly used in Malaysian financial reporting (Bursa Malaysia), while PATMI is more common in Singapore (SGX).
Q: How is PATMI calculated? PATMI = PAT − Minority Interest. In full: PATMI = Revenue − Operating Expenses − Interest − Tax − Minority Interest. The minority interest figure is found as a separate line item in the consolidated income statement.
Q: Is PATMI used in India? PATMI is not commonly labelled as such in Indian financial reporting. Indian companies report under Ind AS and use the term “profit attributable to owners of the parent” — which is the equivalent of PATMI. The concept applies to Indian conglomerates with partially-owned listed subsidiaries.
Q: Which is better — PAT or PATMI? For companies with subsidiaries, PATMI is more accurate for shareholders since it shows only the profit they can claim. For standalone companies with no subsidiaries or 100% owned subsidiaries, PAT and PATMI are identical. Neither is universally “better” — the right metric depends on the company’s structure.
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