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Tata Investment Corporation reports 21.23% rise in Q1 net profit

04 Aug 2012 Evaluate

Tata Investment Corporation has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a rise of 21.23% in its net profit at Rs 31.46 crore for the quarter, as compared to Rs 25.95 crore for the same quarter in the previous year.  Total income of the company has increased by 21.78% to Rs 41.55 crore for the quarter under review as compared to Rs 34.12 crore for the quarter ended June 30, 2011.

Tata Investment Corporation (TICL), incorporated in 1937, is non-banking financial company. Formerly known as Investment Corporation of India, the company was established with an objective of providing assistance in promotion of new companies and new entrepreneurs.

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