Tata Investment Corporation Ltd. has recommended a dividend of 160 percent or Rs.16.00 per equity share of Rs.10 each for the fiscal year 2013.
For the fiscal year, the company reported stand-alone net profit of Rs.167.14 crore, up by three percent from the Rs.161.59 crore in 2012. Total net income, including gains on sale of ling-term investments, stood at Rs.205.83 crore, compared with Rs.201.63 crore last year, an increase of two percent.
On a consolidated basis, the company reported a net profit, after minority interest and share of associates, of Rs.173.85 crore on total net income, including gains on sale of long-term investments, of Rs.200.62 crore for the fiscal year ended March 31, 2013.
At the BSE, Tata Investment Corporaiton closed Tuesday's trading at Rs.436.85, down 1.61 percent from the previous close.
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