Tata Finance net dips 46%

BS 200 SCORECARD

Tata Finance has posted a 46 per cent drop in net profit at Rs 2.84 crore for the third quarter ended December 31, 2004 against Rs 5.23 crore in the corresponding quarter of the previous year.

The company's interest earned and operating income slipped to Rs 35.81 crore from Rs 74.24 crore. Operating profit fell to Rs 11.42 crore (Rs 16.59 crore). Recently, Tata Motors merged Tata Finance with itself.