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Tata Chemicals net profit up 14% in Q1
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SME Times News Bureau | 14 Aug, 2018
Tata Chemicals on Monday reported a 14 per cent increase in its
consolidated net profit from operations to Rs 270 crore in the quarter
ended June 30, 2018 as compared to Rs 236.52 crore in the year-ago
period.
Its income from operations on consolidated basis was at
Rs. 2,769 crore, up by 10 per cent from Rs 2,527 crore in the
corresponding period last year.
The company reported that its
income from operations for basic chemistry products at Rs 63 crore was
up 3 per cent, consumer products segment at Rs 108 crore, up 33 per
cent, and specialty products at Rs 116 crore, up 25 per cent.
Company's
Managing Director R. Mukundan said: "Our India's Basic Chemistry
products business registered a robust performance on the back of
improved operational efficiencies, a better sales mix and better
realisations.
"On the global front, performance of the North
American operations reflects planned shut down and Kenyan operations
were impaired by heavy rains."
He also said the consumer business reported a robust growth on the back of higher volumes from Tata Salt.
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