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Tata Chemicals standalone income from operations for Q2 FY13 at Rs2,441 crore; up by 23 percent

August 09, 2012

PAT at Rs173 crore; up by 26 percent

Q2 FY13 standalone financial highlights
Income from operations at Rs2,441 crore; up by 23 percent
Profit from operations at Rs332 crore; up by 25 percent
PBT at Rs240 crore; up by 30 percent
PAT at Rs173 crore; up by 26 percent
EPS (not annualised) at Rs6.80; up by 26 percent

H1 FY13 standalone financial highlights
Income from operations at Rs3,979 crore
Profit from operations at Rs556 crore
PBT at Rs330 crore
PAT at Rs241 crore
EPS (not annualised) at Rs9.47

Q2 FY13 consolidated financial highlights
Income from operations at Rs4,197 crore; up by 17 percent
Profit from operations at Rs661 crore; down by 2 percent
PBT at Rs439 crore; down by 9 percent
PAT after minority interest at Rs257 crore; down by 7 percent
EPS at Rs10 (not annualised); down by 7 percent

H1 FY13 consolidated financial highlights
Income from operations at Rs7,263 crore
Profit from operations at Rs1,156 crore
PBT at Rs650 crore
PAT after minority interest at Rs364 crore
EPS at Rs14 (not annualised)

Q2 FY13 – performance highlights
Increase in sales across segments
Demand across soda ash, bi-carb and salt stable
Salt franchise achieves highest sales in the quarter
Water purifier business launched new variant, LaVita, in September 2012
Pulses foray growing healthily QonQ; now available in more than 21 states
While fertilizers production was on target, pricing pressure would remain a challenge

Commenting on the company's Q2 FY13 performance, R Mukundan, managing director, Tata Chemicals (TCL), said, "Performance for the quarter under review has been very encouraging and has been a good turnaround for TCL. The company registered 17 percent rise in sales turnover during the quarter, despite challenges posed by the uncertainties across the globe.

"Going forward, we expect Indian market to continue the growth momentum. However, there would be continued pressure in the complex fertilizer business. We continue to lead the market in the national branded salt category with 67 percent market share. Our water purifier business launched a new variant LaVita, enhancing the offering basket.

"We also remain positive about the continued growth across our businesses and the transformation to more consumer and specialty portfolio."

Businesswise performance

Living essentials
Market share of 67 percent in the national branded salt segment.
Salt franchise achieved highest-ever sales in H1.
Launched LaVita – New variant under water purifier business.

Industry essentials
Global demand for soda ash and bi-carb was stable during Q2.
TCL India soda ash production on expected lines.
TCE – Production down due to equipment failure.
TCM – While dredge outages have resulted in overall lower production, PAM production for the quarter better then expectation.
TCNA – Capacity remains sold out for the year. Export growth encouraging.

Farm essentials
Urea production on expected lines.
Neem coated urea showed healthy demand; accounted of 50 percent of product mix.
SSP production higher than expectation.
DAP and NPK production for H1 impacted due to raw material unavailability during Q1 and poor demand.