Tata Chemicals reports consolidated financial results for the third quarter and nine-months ended December 31, 2015
Tata Chemicals group, (the "Company) today declared its Consolidated Financial Results for the third quarter (Q3 FY'16) and nine-months (9M FY'16) ended December 31, 2015. For the quarter, the group reported income from operations at Rs.4,637 crores and EBITDA of Rs.490 crores, Standalone income from operations reported at Rs.2,999 crores with EBITDA at Rs.284 crores, up 3%. For the Nine months ended December 2015, the group recorded a consolidated income from operations of Rs.13,701 crores and EBITDA of Rs.1,637 crores. Standalone income from operations was reported at Rs.8,382 crores and EBITDA of Rs.840 crores.
| Extracts of Statement of Standalone Audited Financial Results for the quarter and nine months ended 31st December, 2015 |
| |
|
|
(Rs in crore) |
| Particulars |
Quarter ended 31st December, 2015 |
Nine Months ended 31st December, 2015 |
Quarter ended 31st December, 2014 |
| Total income from operations (net) |
2998.54 |
8381.81 |
3015.69 |
| Net Profit after tax |
146.31 |
483.98 |
204.55 |
| Equity Share Capital |
254.82 |
254.82 |
254.82 |
| Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of the previous financial year) |
5788.45 |
5788.45 |
5446.41 |
| (As at 31st March , 2015) |
(As at 31st March , 2015) |
(As at 31st March , 2015) |
| Earnings Per Share (Face Value: ` 10/- each) |
|
|
|
| Basic (Not annualised) |
5.74 |
19.00 |
8.03 |
| Diluted (Not annualised) |
5.74 |
19.00 |
8.03 |
| Extracts of Statement of Consolidated Unaudited Financial Results for the quarter and nine months ended 31st December, 2015 |
| |
|
|
(Rs in crore) |
| Particulars |
Quarter ended 31st December, 2015 |
Nine Months ended 31st December, 2015 |
Quarter ended 31st December, 2014 |
| Total income from operations (net) |
4637.35 |
13701.18 |
4816.86 |
| Net Profit after taxes, share of loss of associate and minority interest |
129.94 |
537.92 |
238.12 |
| Equity Share Capital |
254.82 |
254.82 |
254.82 |
| Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of the previous financial year) |
5296.89 |
5296.89 |
5310.69 |
| (As at 31st March , 2015) |
(As at 31st March , 2015) |
(As at 31st March , 2015) |
| Earnings Per Share (Face Value: ` 10/- each) |
|
|
|
| Basic (Not annualised) |
5.10 |
21.12 |
9.35 |
| Diluted (Not annualised) |
5.10 |
21.12 |
9.35 |
| *(excluding Revaluation Reserve as shown in the Balance Sheet of the previous financial year) |
Key performance and financial highlights:
Standalone
- Soda Ash and Salt in India deliver improved performance over last year
- Consumer portfolio revenues up by 25% over Q3 FY14-15
- Tata Sampann, foods product portfolio, pan-India roll out continues
- Subsidy receivable at Rs.1,577 Cr as on 31st December 2015
Consolidated
- Magadi has improved profitability in Q3 FY15-16
- US volumes impacted due to production outages and extreme weather conditions
- European operations stabilized, post commissioning of the steam turbine. The financial performance was adversely impacted by the marking to market of hedging contracts for future gas purchases, supporting soda ash production
- Adverse climatic conditions, weaker yields and lower prices of key crops impact Rallis India performance
Businesswise performance
Living essentials
- TCL continues the journey of transformation towards a more consumer facing business
- TCL is a market leader in the national branded salt segment with 66.7 % market share
- Tata Salt ranked No.2 on the Brand Equity 'Most Trusted Brands' survey
- Branded Pulses sales up 54% over the previous year
- Branded Spices successfully launched in seven states; Delhi, UP, MP, Bihar, J&K, Uttarakhand and Rajasthan
Industry essentials
- Soda ash market remains in balance
- Indian Chemicals Business registers a healthy performance
- European operations stabilized, post commissioning of the steam turbine. The financial performance was adversely impacted by the marking to market of hedging contracts for future gas purchases, supporting soda ash production
- Magadi operations reflects improved performance
- US operations were impacted by production outages and extreme weather conditions
Farm essentials
- Subsidy receivable at Rs.1,577 Cr as on 31st December 2015
- Adverse climatic conditions, deficient rainfall impact Rallis India performance