Tata Investment Corporation declines on reporting 63% drop in Q3 consolidated net profit
Tata Investment Corporation is currently trading at Rs. 5469.90, down by 226.45 points or 3.98% from its previous closing of Rs. 5696.35 on the BSE.
The scrip opened at Rs. 5490.15 and has touched a high and low of Rs. 5629.20 and Rs. 5180.00 respectively. So far 12219 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9744.40 on 07-Mar-2024 and a 52 week low of Rs. 5,161.55 on 14-Feb-2024.
Last one week high and low of the scrip stood at Rs. 6055.20 and Rs. 5180.00 respectively. The current market cap of the company is Rs. 27511.70 crore.
The promoters holding in the company stood at 73.38%, while Institutions and Non-Institutions held 3.25% and 23.36% respectively.
Tata Investment Corporation has reported 42.57% rise in net profit at Rs 34.33 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 24.08 crore for the same quarter in the previous year. Total income of the company increased by 38.13% at Rs 43.76 crore for Q3FY25 as compared to Rs 31.68 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 63.17% fall in its net profit at Rs 19.61 crore for the quarter ended December 31, 2024 as compared to Rs 53.24 crore for the same quarter in the previous year. Total income of the company decreased by 92.64% at Rs 3.80 crore for Q3FY25 as compared to Rs 51.62 crore for the corresponding quarter previous year.
