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05-Feb2019

Tata Investment Corporation reports 24% fall in Q3 net profit

Tata Investment Corporation has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 23.51% in its net profit at Rs 15.06 crore for the quarter under review as compared to Rs 19.69 crore for the same quarter in the previous year. Total income of the company decreased by 10.68% at Rs 25.27 crore for Q3FY19 as compared Rs 28.29 crore for the corresponding quarter previous year.

Tata Investment Corporation is involved in business of investing in shares, debentures, and other securities in India and aboard for long-term purposes. It acts as a catalyst in advancing long-term investment in India.


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