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Tata Investment Corp posts 42.8% jump in consolidated PAT to Rs 39.7 cr

The company had posted a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial year

Tata group | Tata Investment Corporation | Tata

Press Trust of India  |  New Delhi 

Tata Group

Investment Corporation Ltd on Wednesday reported a 42.86 per cent jump in consolidated profit after tax to Rs 39.73 crore in the third quarter ended December 31, 2021.

The company had posted a consolidated profit after tax of Rs 27.81 crore in the corresponding quarter of the previous financial year, Investment Corporation said in a regulatory filing.

Its consolidated total revenue from operations during October-December 2021 stood at Rs 50.97 crore as against Rs 27 crore in the year-ago period, it added.

The company, which is primarily involved in investing in long-term investments such as equity shares and equity-related securities, said its total expenses during the quarter under review stood at Rs 6.01 crore as compared with Rs 5.04 crore a year ago.

In a separate filing, Investment Corporation said its board of directors approved the appointment of Farida Khambata as an additional director (non-executive, independent) with effect from January 19, 2022, up to December 11, 2024.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, January 19 2022. 20:18 IST