Tata Investment Corporation Limited has announced the results for quarter ended June 2011 on 26th July 2011. Net profits of the company have decreased by 28 percent to Rs.2,595.27 lakhs. Net profits have decreased on account of significant fall in revenues. Revenues during the quarter fell by 25.49 percent to Rs.3,412.32 lakhs from Rs.4,579.86 lakhs.Company has stated that due to change in policies laid down by board of directors, they have reduced dependence upon sums generated from sale of investments due to which revenues have dipped as compared to previous year corresponding quarter.

Total expenditures during the quarter have also gone up by 24 percent to Rs.323.98 lakhs from Rs.261.92 lakhs year-on-year. Due to fall in revenues and rise in expenditures , operating profit dipped by 28.67 percent to Rs.3,088.34 lakhs.

However tax payments decreased during the year by 32 percent to Rs.500.88 lakhs from Rs.736 lakhs. Despite this net profits went down by 28 percent.