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Tata Investment Corporation jumps on reporting many fold jump in Q4 consolidated net profit
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Tata Investment Corporation is currently trading at Rs. 1530.00, up by 45.20 points or 3.04% from its previous closing of Rs. 1484.80 on the BSE.
The scrip opened at Rs. 1528.00 and has touched a high and low of Rs. 1536.00 and Rs. 1501.05 respectively. So far 10322 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1734.00 on 14-Oct-2021 and a 52 week low of Rs. 1000.00 on 26-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1536.00 and Rs. 1452.00 respectively. The current market cap of the company is Rs. 7661.90 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 2.25% and 24.36% respectively.
Tata Investment Corporation has reported results for fourth quarter and year ended March 31, 2022.
The company has reported 2-fold jump in its net profit at Rs 33.02 crore for the quarter under review as compared to Rs 16.51 crore for the same quarter in the previous year. Total income of the company increased by 87.10% at Rs 46.27 crore for Q4FY22 as compared Rs 24.73 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported many fold jump in its net profit at Rs 20.23 crore for the quarter under review as compared to Rs 2.80 crore for the same quarter in the previous year. Total income of the company increased by 68.10% at Rs 52.01 crore for Q4FY22 as compared Rs 30.94 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 85.02% in its net profit at Rs 201.36 crore as compared to Rs 108.83 crore for the previous year. Total income of the company increased by 80.88% at Rs 253.52 crore for year under review as compared to Rs 140.16 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 38.69% in its net profit at Rs 214.46 crore as compared to Rs 154.63 crore for the previous year. Total income of the company increased by 55.57% at Rs 254.00 crore for year under review as compared to Rs 163.27 crore for year ended March 31, 2021.
