Tata Chemicals reported fourth quarter consolidated income from operations at Rs. 2,378 crore and standalone income from operations at Rs. 734 crore.  

 

For FY19-20, the company reported income from operations on a consolidated basis at Rs.10,357 crore with net profit of Rs. 1,028 crore, down by 12 percent. On a standalone basis, income from operations was at Rs. 2,920 crore, with net profit at Rs. 672 crore, up by 7 percent.

 

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals said, “The pandemic impacted some parts of our operations and supply chain during the quarter. Nevertheless we are also looking at this as an opportunity to improve our operating capabilities and review our growth strategy. In India, Mithapur has been producing all products with additional emphasis on Salt and Bicarb as both these products fall under essential commodities." 

 

"We will continue to monitor the market demand and ensure agility in our operations with renewed focus on product supply, cash position, optimal CAPEX spends, and reduction in fixed costs. As the world recovers from the pandemic situation, safety of our employees, our extended value chain partners and the communities around which we operate will remain our focus areas while we continue to work closely with our customers enabling them to get back on track at the earliest,” added Mukundan.