Tata Investment Corporation Q1 profit jumps 66.52%

PTI | | Updated on: Jul 26, 2022
Logo of Tata Investment Corporation 

Logo of Tata Investment Corporation 

Tata Investment Corporation reports profit jump driven by higher dividend income

Tata Investment Corporation Ltd on Tuesday reported a 66.52 per cent increase in consolidated profit after tax at ₹89.74 crore in Q1FY23 driven by higher dividend income.

The company had posted a consolidated profit after tax of ₹59.89 crore in Q1FY22, Tata Investment Corporation Ltd said in a regulatory filing.

The total revenue from operations and the dividend income during the quarter under review stood at ₹101.97 crore and ₹74.19 crore, respectively, as compared to ₹61.9 crore in the year-ago period.

The company, which is engaged in investment activities, said its total expenses in Q1 stood at ₹11.17 crore.

Published on July 26, 2022
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