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.

hidden February 06, 2015 17:59:45 IST
Earnings: Tata Chemical Q3 profit rises to Rs 238 cr on lower finance cost

New Delhi: Tata Chemicals Ltd today reported consolidated net profit of Rs 238.12 crore for the quarter ended December 31.

Earnings Tata Chemical Q3 profit rises to Rs 238 cr on lower finance cost

AFP

It had posted net loss of Rs 15.93 crore in the October-December period of last fiscal.

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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