Tata Chemicals has reported income from operations on a consolidated basis at Rs. 3,023 crore up by 16% as compared to Rs. 2,609 crore of the corresponding quarter of last year.

Consolidated PAT from continuing operations for the quarter was at Rs. 248 crore up by 87%, as compared to Rs. 132 crore for corresponding quarter of last year. This was mainly due to rebound in Soda Ash volumes in the US and India.

Consolidated Gross Debt stood at Rs. 7,108 crore as compared to Rs. 7,284 crore as on 30 June, 2021. Cash & Cash Equivalents stood at Rs. 2,950 crore as compared to Rs. 3,293 crore as on 30 June, 2021.

The company’s results by reporting segments showed income from operations for the Basic Chemistry Products at Rs. 2,235 crore up by 22% and Specialty Products at Rs. 786 crore up by 3%.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd. said, “With the re-opening of businesses in all markets, the overall demand environment continues to be positive. While this positive momentum is expected to continue, the supply side environment especially on energy costs and supply chain poses a challenge. The team has responded well to ensure customers are served with agility. We continue our long term focus on excellence by leveraging digitalization and sustainability."

Rallis India recorded consolidated revenues of Rs. 727 crore for the quarter ended 30 September, 2021, a modest growth of 0.4% over PY Rs. 724 crore Profit before tax (before exceptional items) was at Rs. 76 crore with a decline of 30% over PY Rs. 110 crore and the profit after tax (after exceptional items) was Rs. 56 crore registering a decline of 32% over PY Rs. 83 crore.