In the meantime, the income from operations were on RS 145.46 Crore, against RS 142.46 Crore in Q1FY25, which indicates an increase of 2.1% JoJ.
Obviously, the net profit of the company witnessed an increase of 23.5% JoJ to RS 139.22 Crore, compared to RS 112.76 Crore posted in the same quarter of the previous financial year, while the income from the activities grew by 21% yoj.
The company’s independent turnover was on RS 170.46 Crore, versus RS 140.95 Crore in the first quarter of FY25.
The company declared its Q1 results during market hours, after which around 1:45 pm the shares of TATA Investment Corporation traded 3.8% higher on RS 7,035 on the BSE.
Tata Investment Corporation Shares Split
Together with the results of the first quarter, the Tata Group Company also announced its very first shares in a 1: 10 ratio. The board of directors of the company approved the subdivision of one share share of the nominal value RS 10 in ten shares of nominal value RS 1 each, fully paid. In his exchange rate application, TATA Investment Corporation stated that the objective of the share distribution is to make its shares cheaper and to encourage a broader retail participation in the company’s company. The relocation is also expected to improve the liquidity of the share in the market (disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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