Docomo payout leads to steep fall in Tata Sons' profit

Profit drops 72% to Rs 832 cr in 2016-17

The net profit of Tata Sons, the unlisted holding company of the Tata group, declined by 72.4% to Rs 832 crore in 2016-17 from the previous year’s Rs 3,013 crore.

The company took a hit of Rs 4,000 crore following NTT Docomo exercising its option to sell its 26% stake in Tata Teleservices.

Tata Sons’ revenues were up 23.2% to Rs 9,984 crore from Rs 8,104 crore, boosted mainly by “other income” of Rs 2,169 crore from the sale of its 24% stake in its insurance venture, Tata AIA Insurance, to the AIA group.  The AIA deal was concluded during