Tata Chemicals Limited Q3 FY22 reported income from operations on a consolidated basis at Rs. 3,142 crore, up 21% as compared to Rs. 2,606 crore of the corresponding quarter of the last year. 

 

Consolidated profit (PAT) from continuing operations for the quarter was at Rs. 340 crore up 69%, as compared to Rs. 201 crore for the corresponding quarter of last year. The increase is mainly due to higher Soda Ash Volumes and the better realisations from the market.

 

Consolidated Gross Debt stood at Rs. 6,937 crore as compared to Rs. 7,108 crore as on 30th September 2021. Also cash & cash equivalents stood at Rs. 2,817 crore as compared to Rs. 2,950 crore as on 30th September, 2021. 

 

The company’s results by reporting segments showed income from operations for Basic Chemistry at Rs. 2,448 crore up 23% and Specialty Products at Rs. 679 crore up 10%.

 

Rallis India recorded consolidated revenues of Rs. 628 crore for the quarter ended 31st December, 2021; a growth of 10% over PY of Rs. 570 crore Profit after tax was Rs. 40 crore registering a decline of 13% over PY of Rs. 46 crore. 

  

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited said, “With the re-opening of businesses in all markets, the overall demand environment continues to be positive. While this positive demand momentum is expected to continue, the input supply-side environment, especially energy costs remains high compared to historical levels, and supply chain challenges continue to be seen in the market. 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. In addition to the operational excellence, we continue to focus on executing the growth capex in India."