Consolidated profit before tax jumped 56% to Rs 151.76 crore in Q1 FY24 as against Rs 97.28 crore recorded in the corresponding quarter previous year.

Total expenses spiked 25.9% year on year (YoY) to Rs 14.06 crore in the quarter ended 30 June 2023.

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.