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Last Updated : May 23, 2016 10:05 PM IST | Source: PTI

Tata Investment Corp Q4 Net grows 34%

Tata Investment Corporation on May 23 said its net profit rose by 34 percent to Rs 30.69 crore in the last quarter of 2015-16 financial year

 
 
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Tata Investment Corporation on May 23 said its net profit rose by 34 percent to Rs 30.69 crore in the last quarter of 2015-16 financial year.


Its net profit stood at Rs 22.92 crore during the same quarter of 2014-15.


Total income for the quarter ended March 31 grew by 24.5 percent to Rs 39.22 crore as against Rs 31.51 crore in the previous fiscal, the company said in a regulatory filing.

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On yearly basis, net profit increased by 8.6 percent to Rs 202.61 crore in 2015-16 from Rs 186.51 crore.


Total income during the fiscal increased to Rs 251.91 crore from Rs 230.95 crore in 2014-15, it added.


Tata Investment invests in diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses.


Shares of the company closed up by 0.58 percent at Rs 528.30 apiece on BSE.



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First Published on May 23, 2016 09:32 pm
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