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Tata Sons has posted 13 per cent increase in profit after tax during the financial year ended March 2008.


Tata Sons FY08 Net Rises 13 Percent
Last Updated: 2008-10-01T11:26:29+05:30
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The Tata Group's Holding Company, Tata Sons has registered a 13 per cent increase in profit after tax (PAT) at Rs 3,780 Crore during the financial year ended March 2008. The increase in profit of Tata Sons accrues from the dividend income from group firms. Given the present status, this 91 year-old-firm will rank amongst the topmost profit earners in unlisted companies category.

 

All this information was acquired from the letter of offer submitted before the market regulator by Tata Motors. But 46 Tata group firms, led by huge loss in telecom and direct-to-home ventures, registered losses to the tune of Rs 3,416 Crore in the previous fiscal. The Tata Group’s arm for mobile telephone services, Tata Teleservices suffered a net loss of Rs 1,813.7 Crore for the year ended March 2008.

 

Tata Sky proved to be another loss making venture. It is a joint venture with the Star Group. It registered a net loss of Rs 864 Crore for the fiscal ended March 2008. In the previous fiscal, this direct-to-home venture had posted a loss of Rs 815.7 Crore.

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