Annual Report 2008-2009 of Tata Investment Corporation Limited

It is a broadly described annual report of Tata Investment Corporation Limited in the year of 2008-09. During the financial year, Total assets of the Company stood at Rs. 139300.83 Crore. The Share capital of the Company stood at Rs. 3446.04 Crore. The total income of the Company during the year was Rs. 213.44 Crores against Rs. 210 Crores in the previous financial year. The total expenditure during the year was Rs. 9.97 Crores against Rs. 7.78 Crores in the previous year. The profit before tax for the year under review was marginally higher at Rs. 203.47 Crores from Rs. 202.31 Crores in the previous year. The profit after tax for the year under review at Rs. 186.29 Crores compared to Rs. 185.85 Crores in the previous year. The Basic and diluted earnings per share (EPS) for the year (Face Value Rs.10/- per share) was Rs. 54.05 and Rs. 46.04 per share respectively as against Rs. 53.93 per share (basic & diluted) for the previous year.

The Board of Directors of the Company was pleased to recommend a dividend of Rs. 15/- per share i.e. @150% for the year 2008-2009 (previous year- Rs. 15/- per share). The total dividend payout (including dividend tax) would be about @32.46% of the profit after tax.

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