Consolidated Income from Operations for the quarter ended September 2022 stood at Rs.4,239 Cr up by 40 per cent
Consolidated PAT from continuing operations for the quarter ended September 2022 stood at Rs.685 Cr
27th October 2022: Tata Chemicals Limited today declared its financial results for the quarter ended September 30, 2022. The Company reported income from operations for the quarter on consolidated basis at Rs.4,239 Cr, up by 40% as compared to Rs.3,022 Cr for the corresponding quarter of last year. Consolidated PAT from continuing operations for the quarter was at Rs.685 Cr as compared to Rs.248 Cr for corresponding quarter of last year. The operating performance reflects improved realisations and efficient cost management in the context of elevated energy and input costs.
On a standalone basis, the income from operations rose by 40% to Rs.1,185 Cr, as compared to Rs.847 Cr for the corresponding quarter of last year. PAT on standalone basis stood at Rs.243 Cr compared to Rs.135 Cr for the corresponding quarter of last year.
Commenting on the results, Mr. R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said, “We continue to work closely with our customers and partners to navigate the challenging global environment. The demand continues to be positive across our products and their applications which has resulted in improved realizations compared to previous year. We continue our focus on deleveraging and executing expansion projects.”
Standalone Highlights Q2 FY23
- Standalone Revenue from operations stood at Rs.1,185 Cr, up 40%, as compared to Rs.847 Cr for corresponding quarter of last year
- Standalone Profit After Tax from continuing operations was Rs.243 Cr as compared to Rs.135 Cr for corresponding quarter of last year
- Soda Ash and Bicarb demand is robust across all application segments and is expected to remain firm in the near term
Consolidated Highlights Q2 FY23
- Consolidated Revenue from operations stood at Rs.4,239 Cr, up 40%, as compared to Rs.3,022 Cr for corresponding quarter of last year
- Consolidated Profit After Tax from continuing operations (pre-MI) was Rs.685 Cr as compared to Rs.248 Cr for corresponding quarter of last year
- Soda ash prices continue to remain robust across geographies resulting in improved realisations in US, UK and Kenya
- Cost environment is stabilizing and likely to stay at the current levels in the near term
- Tata Chemicals (Soda Ash) Partners, our US subsidiary, has entered into a multi-year Logistics Services and Membership Withdrawal Agreement with American Natural Soda Ash Corporation (“ANSAC”). This transition is part of Tata Chemicals’ approach to build a world class integrated customer centric organization, from its locations in India, UK, Kenya and the USA
- Rallis India recorded a consolidated revenues of Rs.951 Cr for the quarter ended 30 September 2022, an increase of 31% as compared to Rs.727 Cr for corresponding quarter of last year.
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:
R Nanda | Manisha Keshwa
Corporate Communications
Tata Chemicals Ltd.
Tel: +91 22 62327400 |+ 91 8879288634
Email: rnanda@tatachemicals.com | mkeshwa@tatachemicals.com
Radhika Dave | Sweta Bharti
Adfactors PR
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Email: radhika.dave@adfactorspr.com | sweta.bharti@adfactorspr.com