Press releases


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.