Tata Chemicals Limited reported income from operations for the quarter ended September 30, 2017 on consolidated basis at Rs. 3,462 crores, lower by 0.7 per cent and Rs. 1,598 crore, lower by 1 per cent on a standalone basis. PAT was recorded at Rs. 273 crore, up by 52 per cent on a consolidated basis and at Rs. 156 crore, up by 81 per cent on a standalone basis.

Consequent to implementation of Goods and Service Tax (GST) from 1st July 2017, net income from operations is net off GST. On a like to like basis, the Revenue from operation for Q2 FY18 is at Rs. 1,598 crore, up by 2.6 per cent, as compared to Q2 FY17 Rs 1,557 crore (net off excise duty).

R. Mukundan, Managing Director, Tata Chemicals Ltd., said, “The quarter under review saw a steady performance from the Indian as well as global Chemicals business, registering improved profitability owing to cost and operational efficiencies.

In the Consumer business, Tata Salt remains the market leader. We continue to direct our efforts towards growing market shares across product categories and furthering customer excellence.

In the farm business, Rallis India and Metahelix continues to register a sound performance in the crop protection business. The company is pleased to have found a suitable partner to further build the Phosphatic fertilizer business, this being in line with our earlier announcement on the sale of the Urea business to exit the fertilizer business.

Our strategy remains to focus on the specialty chemicals and consumer food business as our key areas of growth, while maintaining leadership in the Inorganic Chemicals Business.”