Consolidated Income from Operations for the year FY2023 stood at Rs16,789 Cr up by 33% and Consolidated PAT stood at Rs2,452 Cr up by 75% Dividend proposed at Rs17.5 per share
3rd May 2023: Tata Chemicals Limited today declared its financial results for the quarter and full year ended March 31, 2023. On a consolidated basis, for the full year, the income from operations stood at Rs.16,789 Cr, up by 33% as compared to Rs.12,622 Cr in FY2022. PAT on a consolidated basis stood at Rs.2,452 Cr, up by 75%, as compared to Rs.1,400 Cr in FY2022. The improved operating performance across geographies reflects higher realisations as compared to FY2022 and efficient cost management.
For the quarter, the Company reported income from operations on consolidated basis at Rs.4,407 Cr, up by 27% as compared to Rs.3,481 Cr for the corresponding quarter of last year. Consolidated PAT from continuing operations for the quarter was at Rs.694 Cr up by 48% as compared to Rs.470 Cr for the corresponding quarter of last year.
On a standalone basis, for the full year, the income stood at Rs.4,930 Cr, up by 32% as compared to Rs.3,721 Cr in FY2022. PAT on a standalone basis stood at Rs.1,027 Cr, up by 30%, as compared to Rs.787Cr in FY2022.
For the quarter, on a standalone basis, the income from operations rose by 17% to Rs.1,302 Cr, as compared to Rs.1,115 Cr for the corresponding quarter of last year. PAT on standalone basis stood at Rs.213 Cr compared to Rs.269 Cr for the corresponding quarter of last year.
Consolidated Gross Debt dropped to Rs.6,296 Cr, as compared to Rs.7,024 Cr as on 31 March 2022. Also, cash & cash equivalents stood at Rs.2,398 Cr, as compared to Rs.2,792 Cr as on 31 March 2022.
Commenting on the results, Mr. R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said, “The Company has delivered an improved performance during FY2023 as compared to FY2022 across all parameters. The global demand-supply situation is expected to remain balanced over the medium term. We expect sustainability trend will drive the demand for newer applications like solar glass and lithium which will fuel growth. Our focus is on timely execution of expansion projects and efficient cost management. We continue to work with our customers and other stakeholders on our sustainability and digitisation efforts”.
Consolidated Highlights Q4 FY23
- Consolidated Revenue from operations stood at Rs.4,407 Cr, up by 27%, as compared to Rs.3,481 Cr for corresponding quarter of last year
- Consolidated Profit After Tax from continuing operations (pre-MI) was Rs.694 Cr, up by 48% as compared to Rs.470 Cr for corresponding quarter of last year
- Company’s net debt as on March 31, 2023 reduced to Rs.3,898 Cr
- Soda ash realisations stable across geographies
- Cost environment is stabilizing
- Rallis India recorded consolidated revenues of Rs.523 Cr for the quarter ended 31 March 2023, an increase of 3% as compared to Rs.508 Cr for corresponding quarter of last year
Standalone Highlights Q4 FY23
- Standalone Revenue from operations stood at Rs.1,302 Cr, up 17%, as compared to Rs.1,115 Cr for corresponding quarter of last year
- Standalone Profit After Tax from continuing operations was Rs.213 Cr as compared to Rs.269 Cr for corresponding quarter of last year
- Demand for soda ash and Bicarb is expected to remain stable over the medium term
- Salt volumes continue to grow on a yearly basis
About Tata Chemicals Ltd.
A part of the US$ 128 billion Tata Group, Tata Chemicals Limited, is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company Rallis India Ltd. Tata Chemicals has world-class R&D facilities in Pune and Bangalore.
For more information please contact:
Chintan Joshi | Manisha Keshwa
Corporate Communications
Tel: +91 9223364761 | + 91 8879288634
Email: chjoshi@tatachemicals.com | mkeshwa@tatachemicals.com
Radhika Dave | Sweta Bharti
Adfactors PR
Mobile:98190 83792| 8294015480
Email: radhika.dave@adfactorspr.com | sweta.bharti@adfactorspr.com