Tata Investment Corporation Reports Strong Financial Performance in Q1 2024
Tata Investment Corporation, a largecap finance and non-banking financial company (NBFC), has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Tata Investment Corporation has shown a very positive performance in the quarter, with a score of 22 compared to 16 in the previous 3 months. This improvement can be attributed to the company's strong financials.
One of the key highlights of the financial report is the growth in net sales, which has increased by 86.21% year on year to Rs 57.11 crore. The near-term sales trend for the company is also very positive.
Another positive aspect of the financial report is the growth in Profit Before Tax less Other Income (PBT), which has increased by 197.43% year on year to Rs 71.86 crore. The near-term trend for PBT is also very positive.
The company has also seen a significant growth in Profit After Tax (PAT), which has increased by 198.2% year on year to Rs 60.47 crore. The near-term trend for PAT is also very positive.
Overall, Tata Investment Corporation has shown a strong financial performance in the quarter ending March 2024. With a 'Hold' call from MarketsMOJO, the company's stock is expected to continue its positive trend in the near future.
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