Tata Chemicals standalone PAT at Rs 353 crore; Board steps up dividend to 70 Per cent
- Income from operations (net of excise) higher
by 17 per cent at Rs 3,517 crore
- Profit from operations increased by 7 per
cent to Rs 552 crore
- Profit before tax (PBT) stood at Rs 511
crore, an increase of 13 per cent
- Profit after tax (PAT) higher by 4 per cent
at Rs 353 crore
- Basic EPS: Rs 16.41
- Diluted EPS: Rs 14.71
The company's business performance in the financial year
under review has been strong. It continues to be the leader
in the Indian soda ash and edible salt market besides being
the most energy efficient urea manufacturer.
- Consolidated income from operations Rs 4,029
crore, PAT: Rs 428 crore
- 100-per cent acquisition of the Brunner
Mond Group completed
- Expansion of Magadi manufacturing facility
nearing completion
FY2006 (April-March 2006) v/s FY2005 (April-March 2005) —
Consolidated
- Income from operations (net of excise)
at Rs 4,029 crore
- Profit from operations at Rs 736 crore
- Profit before tax (PBT) stood at Rs 601
crore
- Profit after tax (PAT) at
Rs 428 crore
- Basic EPS: Rs 19.91
- Diluted EPS: Rs 17.80
Commenting on the results Mr P K Ghose, Chief Financial Officer,
Tata Chemicals Limited, said, "In the year under review,
Tata Chemicals has performed strongly from both a revenue
and profitability perspective. The completion of the acquisition
of the Brunner Mond Group has considerably enhanced the size
and scale of our Chemicals business and will enable us compete
strongly in both the domestic and international markets. The
Magadi expansion combined with the modernisation programme
at our Mithapur plant will enable us to further drive growth.
The fertiliser business continues to perform well with the
highest energy efficiency. I look forward to Tata Chemicals
sustaining its progressive business performance."
In Q4 FY06 income from operations (net of excise) improved
by 5 per cent and PAT amounted to Rs 65 crore as compared
to Rs 111 crore in the corresponding quarter last year. However,
Q4FY06 and Q4 FY05 are not comparable due to the following
reasons:
- Non-recurring provisions and expenditure
due to repairs at all three manufacturing facilities in
India enhanced total expenditure.
- Tax outgo in the corresponding quarter last
year was lower on account of reduction in tax rates.
- In addition, FBT reduced Q4 FY06 PAT.
Note: The annual financial results reflect the performance
of Tata Chemicals consolidated operations for the year and
are hence a true representation of the Company's performance.
Quarterly results are provided on a standalone basis.
Consolidated results also include the financial results of
the recently acquired Brunner Mond Group as well as the joint
venture with Indo Maroc Phosphore S.A. (IMACID), Morocco.
Since the acquisition of the Brunner Mond Group was completed
in December 2005, the details of financial performance have
been consolidated for the period January-March 2006. The financials
of the IMACID joint venture have been consolidated with effect
from May 2005.