Tata Sons net profit trebles to Rs 9,060 crore
The Tata group’s holding company, Tata Sons, has made a record profit of Rs 9,060 crore in 2014-15, providing ammunition for aggressive investments in the infrastructure and aviation sectors and, if needed, to buy back NTT Docomo’s stake in Tata Teleservices. The company also recorded its highest revenue of Rs 13,210 crore on a record dividend income Tata Sons net profit trebles to Rs 9,060 crore
from software major TCS. In 2013-14, Tata Sons had made a profit after tax of Rs 3,050 crore on revenue of Rs 5,430 crore. Tata Sons’ fortunes are dependent on TCS, in which it holds close to a 74 per cent stake and from which it received a dividend of Rs 11,402 crore. Other big companies in the group such as Tata Motors skipped paying dividends and Tata Steel’s contribution fell to Rs 231 crore.