Tata Investment Corp Q1 profit jumps 67% YoY

27 Jul 2022 , 12:33 PM

On a consolidated basis, the total revenue from operations and the dividend income during the quarter under review stood at Rs 101.97 crore (up 64.7% YoY) and Rs 74.19 crore (up 79.81% YoY), respectively. Profit before tax (PBT) jumped 70.19% YoY to Rs 97.28 crore in Q1 June 2022. Total expense climbed 88.4% YoY to Rs 11.17 crore in Q1 June 2022. Tata Investment Corporation is a non-banking financial company, engaged in investing in long term investments in equity shares, debt instruments, listed and unlisted, and equity related securities of companies in a wide range of industries. The major sources of income of the company consist of dividend, interest and profit on sale of investments. Powered by Capital Market – Live News