Tata Investment Q2 net profit up 28.93% at Rs 86.19 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 86.19 crore for the quarter ended September 30, 2022 as compared to Rs 66.85 crore in the same period last year, registering a year-on-year growth of 28.93 per cent. Net revenue of the company rose moderately by 18.14 per cent at Rs 95.92 crore in July-September quarter of this fiscal as against Rs 81.19 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 10.40 per cent to Rs 6.55 crore from Rs 7.31 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.10 crore versus (Sep'21 Rs 0.00 crore). Operating Profit surged by 20.97 per cent to Rs 89.37 crore as against Rs 73.88 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.38 per cent in September quarter. Interest grew by 200.00 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 55.80 per cent at Rs 3.01 crore (Sep'21 Rs 6.81 crore).
