Tata Investment Corporation Limited on Thursday (31 October) released the results for the second quarter ended September 30, 2024. The company said that during this period it has registered a decline of 11.5 percent in profit year-on-year, which has come down to Rs 100.2 crore. The company said in a regulatory filing that in the same quarter of the previous financial year, Tata Investment Corporation had recorded a profit of Rs 113.2 crore.

The company's income from operations grew 16.3 per cent to Rs 132.2 crore, as against Rs 113.7 crore in the same quarter a year ago. Tata Investment Corporation Limited is a non-banking financial company.

What does the company do This Tata Group company also assists in setting up new ventures and acts as an investment company with a diversified portfolio of investments. Tata Investment Corporation was promoted in 1937 by Tata Sons Private Limited as The Investment Corporation of India Limited. Share performance Apart from Tata Sons, which holds a 68.5% stake in the company, other Tata Group companies that have stakes in Tata Investment include Tata Power (1.57%), Tata Chemicals (0.87%), Tata Steel (0.45%) and Tata Consumer (0.29%). The company's stock closed at Rs 6,890 on Friday with a gain of 1.74 per cent. In the last one year, the company's shares have seen an increase of 121.85 percent.