Tata Chemicals reported income from operations on consolidated basis at Rs 2,977 crore, up by 27% as compared to Rs 2 ,348 crore of the corresponding quarter of last year. Consolidated PAT for the quarter was at Rs 342 crore, up by 362%, as compared to Rs74 crore for corresponding quarter of last year. This was mainly due to rebound in Soda Ash volumes in US and India.

Consolidated Gross Debt stood at Rs 7,284 crore, as compared to Rs 6,933 crore as on Mar21. Also Cash & equivalent stood at Rs 3,293 crore, as compared to Rs 3,104 crore as on Mar21.

The Company’s results by reporting segments showed income from operations for the Basic Chemistry Products at Rs 2,173 crore, up by 30%, and Specialty Products at Rs797 crore, up by 18%.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said, “Our priority continues to be safety of our employees and ensuring business continuity. During the first quarter, we ensured agile servicing of customer demand and cost control. The capacity expansion at Tata Chemicals, Mithapur and Rallis, Dahej is on schedule. With the business environment steadily improving, we are well positioned to grow across customer segments”.

Standalone Highlights Q1 FY22

• Soda ash sales are at pre covid levels. Soda ash demand is expected to be robust through the year.
• Salt and Bicarb production and sales remained healthy.
• The rebound in demand cushioned the impact of increasing energy and freight costs.
• Prebiotics (FOS), HDS Silica products continue to grow.

Consolidated Highlights Q1 FY22

• Demand rebounds in all markets. Prices in spot markets are up.
• Energy, logistic and carbon cost increase cushioned by volume growth.