Press releases

Tata Chemicals standalone income from operations for Q2 FY13 at Rs2,441 crore; up by 23 percent

PAT at Rs173 crore; up by 26 percent

Q2 FY13 standalone financial highlights

• Income from operations at Rs2,441 crore; up by 23 percent
•  Profit from operations at Rs332 crore; up by 25 percent
• PBT at Rs240 crore; up by 30 percent
• PAT at Rs173 crore; up by 26 percent
• EPS (not annualised) at Rs6.80; up by 26 percent
  

H1 FY13 standalone financial highlights

• Income from operations at Rs3,979 crore
• Profit from operations at Rs556 crore
• PBT at Rs330 crore
• PAT at Rs241 crore
• EPS (not annualised) at Rs9.47
  

Q2 FY13 consolidated financial highlights

• Income from operations at Rs4,197 crore; up by 17 percent
• Profit from operations at Rs661 crore; down by 2 percent
• PBT at Rs439 crore; down by 9 percent
• PAT after minority interest at Rs257 crore; down by 7 percent
• EPS at Rs10 (not annualised); down by 7 percent
  

H1 FY13 consolidated financial highlights

• Income from operations at Rs7,263 crore
• Profit from operations at Rs1,156 crore
• PBT at Rs650 crore
• PAT after minority interest at Rs364 crore
• EPS at Rs14 (not annualised)
  

Q2 FY13 – performance highlights

• Increase in sales across segments
• Demand across soda ash, bi-carb and salt stable
• Salt franchise achieves highest sales in the quarter
• Water purifier business launched new variant, LaVita, in September 2012
• Pulses foray growing healthily QonQ; now available in more than 21 states
• While fertilizers production was on target, pricing pressure would remain a challenge

Commenting on the company's Q2 FY13 performance, R Mukundan, managing director, Tata Chemicals (TCL), said, "Performance for the quarter under review has been very encouraging and has been a good turnaround for TCL. The company registered 17 percent rise in sales turnover during the quarter, despite challenges posed by the uncertainties across the globe.

"Going forward, we expect Indian market to continue the growth momentum. However, there would be continued pressure in the complex fertilizer business. We continue to lead the market in the national branded salt category with 67 percent market share. Our water purifier business launched a new variant LaVita, enhancing the offering basket.

"We also remain positive about the continued growth across our businesses and the transformation to more consumer and specialty portfolio."

Businesswise performance
Living essentials

• Market share of 67 percent in the national branded salt segment.
• Salt franchise achieved highest-ever sales in H1.
• Launched LaVita – New variant under water purifier business.

Industry essentials

• Global demand for soda ash and bi-carb was stable during Q2.
• TCL India soda ash production on expected lines.
• TCE – Production down due to equipment failure.
• TCM – While dredge outages have resulted in overall lower production, PAM production for the quarter better then expectation.
• TCNA – Capacity remains sold out for the year. Export growth encouraging.

Farm essentials

• Urea production on expected lines.
• Neem coated urea showed healthy demand; accounted of 50 percent of product mix.
• SSP production higher than expectation.
• DAP and NPK production for H1 impacted due to raw material unavailability during Q1 and poor demand.