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

Press Trust of India New Delhi
Tata 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, Tata 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, Tata 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: Jan 19 2022 | 8:18 PM IST

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