Net profit of Tata Investment Corporation declined 2.10% to Rs 18.18 crore in the quarter ended June 2020 as against Rs 18.57 crore during the previous quarter ended June 2019. Sales rose 19.54% to Rs 30.90 crore in the quarter ended June 2020 as against Rs 25.85 crore during the previous quarter ended June 2019.

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Tata Investment Corporation will hold a meeting of the Board of Directors of the Company on 31 July 2020.

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Tata Investment Corporation announced that the Board of Directors of the Company at its meeting held on 27 May 2020, has recommended a Final dividend of Rs.18 per share (i.e.180%), subject to the approval of the shareholders.

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Net Loss of Tata Investment Corporation reported to Rs 36.26 crore in the quarter ended March 2020 as against net loss of Rs 6.04 crore during the previous quarter ended March 2019. Sales declined 17.21% to Rs 21.41 crore in the quarter ended March 2020 as against Rs 25.86 crore during the previous quarter ended March 2019.

For the full year,net profit declined 32.33% to Rs 90.53 crore in the year ended March 2020 as against Rs 133.78 crore during the previous year ended March 2019. Sales declined 18.73% to Rs 143.89 crore in the year ended March 2020 as against Rs 177.05 crore during the previous year ended March 2019.

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