MUMBAI: Tata Sons - the main holding company of the salt-to-telecom conglomerate, the Tata Group - is on track to record one of it's best financial years as it reported a net profit of Rs 2339.9 crore for first six months of financial year 2011-12 (April 2011 to September 2011), according to sources.
The company reported an operating income of Rs 3083 crore for the same period. For the twelve months ending March 31, 2011, Tata Sons had reported a net profit of 3,246.9 crore.
Dividend income from Tata Consultancy Services(TCS) boosted profits for Tata Sons. "TCS contributes over 70% revenues in the form of dividend to Tata Sons Ltd. So the increase in dividend was the main reason," said the source. Currently, Tata Sons holds 73.75% stake in TCS.
Tata Sons also holds equity stake in major Tata companies such as Tata Steel, Tata Power, Tata Motors, Tata Chemicals, Tata Industries, Tata Teleservices, Tata Investment Corporation and Tata Petrodyne.
In 2006-07, the company posted a net profit of Rs 3,336 crore on a total income of Rs 4,107 crore. In the next year, 2007-08, net profit slightly rose to Rs 3,780 crore as income grew to Rs 4,871 crore, according to CMIE data.
(Source- http://economictimes.indiatimes.com)
The company reported an operating income of Rs 3083 crore for the same period. For the twelve months ending March 31, 2011, Tata Sons had reported a net profit of 3,246.9 crore.
Dividend income from Tata Consultancy Services(TCS) boosted profits for Tata Sons. "TCS contributes over 70% revenues in the form of dividend to Tata Sons Ltd. So the increase in dividend was the main reason," said the source. Currently, Tata Sons holds 73.75% stake in TCS.
Tata Sons also holds equity stake in major Tata companies such as Tata Steel, Tata Power, Tata Motors, Tata Chemicals, Tata Industries, Tata Teleservices, Tata Investment Corporation and Tata Petrodyne.
In 2006-07, the company posted a net profit of Rs 3,336 crore on a total income of Rs 4,107 crore. In the next year, 2007-08, net profit slightly rose to Rs 3,780 crore as income grew to Rs 4,871 crore, according to CMIE data.
(Source- http://economictimes.indiatimes.com)
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