Earnings: Tata Chemical Q3 profit rises to Rs 238 cr on lower finance cost
Tata Chemicals Ltd today reported consolidated net profit of Rs 238.12 crore for the quarter ended December 31.
New Delhi: Tata Chemicals Ltd today reported consolidated net profit of Rs 238.12 crore for the quarter ended December 31.
AFP
The company's total income increased by 5 percent to Rs 4,844.72 crore in the third quarter of this fiscal from Rs 4,599.32 crore in the year-ago period, Tata Chemicals said in a filing to the BSE.
Finance cost declined to Rs 119.41 crore from Rs 165.63 crore, while tax expenses reduced to Rs 85.59 crore from Rs 92.61 crore during the period under review.
Headquartered in Mumbai, Tata Chemicals Ltd is engaged in the manufacturing of chemicals, fertilisers and iodised salt among others. It is also into nanotechnology-based water purifier business.
The company is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America.
Through its subsidiary Rallis, Tata Chemicals has a strong position in the crop protection business.
PTI
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