Tata Chemicals Limited reported income from operations for the Q1 FY23 on consolidated basis at Rs. 3,995 crore up by 34% as compared to Rs. 2,978 crore of the corresponding quarter of last year.

Consolidated Profit After Tax (PAT) from continuing operations for the quarter was at Rs. 641 crore as compared to Rs. 342 crore for the corresponding quarter of last year. The operating performance reflects improved realisations, efficient cost management, and optimum capacity utilization in challenging market conditions, and in the context of rising input and energy costs.

On a standalone basis, the income from operations rose by 48% to Rs. 1,225 crore as compared to Rs. 828 crore as compared to corresponding quarter of last year. PAT on a standalone basis stood at Rs. 381 crore compared to Rs. 228 crore for the corresponding quarter of last year.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd. said, "The global demand environment continues to be positive across our products and their applications. While this positive momentum is expected to continue in the near to medium term, the input side environment, especially energy, remains at elevated levels coupled with logistic challenges that continue to be seen in the market. The team has shown agility and has responded well by staying close to customers and supply chain partners. We continue our long term focus on excellence by leveraging digitalization and sustainability. In addition to operational excellence, we continue to focus on executing growth capex." 

Rallis continues its focus to launch new products and reduce dependence on imported intermediates; started developing domestic suppliers for certain items. 

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.