Total income stood at Rs 37.69 crore in Q3 FY23 from Rs 50.97 crore reported in the same period last year, registering a decline of 26.05%.

Consolidated profite before tax tumbled 22.7% to Rs 39.17 crore in Q3 FY23 as against Rs 50.68 crore recorded in the corresponding quarter previous year.

Total expenses surged 57.24% year on year to Rs 9.45 crore in quarter ended 31 December 2022.

Tata Investment Corporation is a non-banking financial company, engaged in investing in long term investments in equity shares, debt instruments, listed and unlisted, and equity related securities of companies in a wide range of industries. The major sources of income of the company consist of dividend, interest and profit on sale of investments.