The company, which owns the eponymous Tata Tea and Tata Salt brands, said its consolidated net profit rose 23% to Rs 269 crore ($32.85 million) in the quarter ended March 31.
The growth in profits and revenue come on the back of a 4 per cent rise in the average assets managed by the AMC
This helped total revenue from operations rise nearly 12% to Rs 8,905 crore
CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent
Nestle India declared an interim dividend of Rs 27 per share
Stocks to watch today: From Bajaj Auto to Nestle India, here are top stocks to watch in Tuesday's trade
Analysts indicate that in future, gross margins might come under pressure
Private sector lender says it will expand its branch network to gain consumer confidence and help home loan business
The bank's board of directors has also recommended a dividend of Rs 14 per equity share
CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports
Board recommends final dividend of Rs 5 per equity share, in addition to interim of Rs 5 per share paid before
Bank has announced a dividend of Rs 1.3 per share with a face value of Rs 10
Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.
The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.
Tata Teleservices, Century Textiles & Industries, Tamilnad Mercantile Bank, Mahindra Logistics, IIFL Securities, Nelco, and Kshitij Investment are other companies that will declare Q4 results today
Business Standard brings you top headlines at this hour
Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session
Thanks to a decline in input costs and lower provisioning for bad loans by banks