Tata Chemicals Q2 FY23 consolidated revenue from operations stood at Rs. 4,239 crore, up 40%, as compared to Rs. 3,022 crore for corresponding quarter of last year.

Consolidated Profit After Tax from continuing operations (pre-MI) was Rs. 685 crore as compared to Rs. 248 crore for corresponding quarter of last year.

Standalone revenue from operations stood at Rs. 1,185 crore, up 40%, as compared to Rs. 847 crore for the corresponding quarter of last year. Standalone profit after tax from continuing operations was Rs. 243 crore as compared to Rs. 135 crore for corresponding quarter of last year.

Soda ash prices continue to remain robust across geographies resulting in improved realisations in US, UK, and Kenya. Cost environment is stabilizing and likely to stay at the current levels in the near term.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd. said, “We continue to work closely with our customers and partners to navigate the challenging global environment. The demand continues to be positive across our products and their applications which has resulted in improved realizations compared to previous year. We continue our focus on deleveraging and executing expansion projects.”

Tata Chemicals (Soda Ash) Partners, our US subsidiary, has entered into a multi-year Logistics Services and Membership Withdrawal Agreement with American Natural Soda Ash Corporation (ANSAC). This transition is part of Tata Chemicals’ approach to build a world class integrated customer centric organization, from its locations in India, UK, Kenya, and the USA.

Rallis India recorded a consolidated revenue of Rs. 951 crore for the quarter ended 30 September 2022, an increase of 31% as compared to Rs. 727 crore for corresponding quarter of last year.

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.