Press releases


Tata Chemicals’ consolidated EBITDA for the year FY 19-20 at Rs1,949 Cr, up by 9 percent; dividend declared at Rs11.00 per share

15th May, 2020: Tata Chemicals Ltd. (the “Company”) today declared its Financial Results for the fourth quarter and financial year ended March 31, 2020.

For FY19-20, the Company reported income from operations on a consolidated basis at Rs10,357 Cr, with net profit of Rs1,028 Cr, down by 12 percent. On a standalone basis, income from operations was at Rs2,920 Cr, with net profit at Rs672 Cr, up by 7 percent.

For the quarter ended 31st March, the Company reported consolidated income from operations at Rs2,378 Cr, Standalone income from operations reported at Rs734 Cr.

Standalone Highlights Q4 FY19-20

  • Consumer Products business transition successfully completed
  • TCL operations and supply chain interrupted during March 2020 owing to lockdown in some locations due to COVID-19
  • Shut down of its manufacturing operations located at Mambattu-Nellore (Andhra Pradesh), Sriperumbudur (Tamil Nadu) and Cuddalore (Tamil Nadu)
  • Scaled down its operations at Mithapur (Gujarat) for products other than Salt and Bicarb
  • Tata Chemicals joined the fight against COVID-19 pandemic through Tata Chemicals Society of Rural Development (TCSRD) by supplying disinfectants, making masks, ensuring food security and augmenting medical facilities for the local communities
  • Company will continue to focus on Basic Chemistry Products and Specialty Products verticals going forward

Consolidated Highlights Q4 FY19-20

  • Integration of Metahelix with Rallis completed from 1st Feb 20 ? Rallis concluded commissioning of Metri WDG (Water Dispersible Granules) and SC (Suspension Concentrate) plant ? Rallis India consolidated Revenues for FY20 were up 13% YoY at Rs2,248 Crores and operations were impacted during the end of the fiscal year owing to Covid-19 pandemic.

Standalone Key Highlights – YTD

  • Tata Chemicals launched Li-ion battery recycling operations in Mumbai
  • Tata Chemicals launched a high performance Cement in Gujarat – Tata Shudh 53 Grade O.P.C
  • National Company Law Tribunal (NCLT) approved the demerger of consumer products business of Tata Chemicals. Tata Chemicals (TCL) Consumer Products segment merged with Tata Global Beverages (TGBL) and was renamed to ‘Tata Consumer Products Ltd’
  • Tata Chemicals felicitated with Asia’s Most Trusted Companies Award 2019. Ranked amongst the top 50 companies in Asia
  • Tata Chemicals featured in Top 10 Safe Workplaces for Women in India
  • Tata Chemicals honored with CII Industrial Innovation Awards 2019. Ranked amongst Top 25 innovative companies in India
  • Tata Chemicals is the top ranked company in India’s top companies for CSR and sustainability

Consolidated Key Highlights – YTD

  • NCLT approved the Scheme of Merger by Absorption of Zero Waste Agro Organics Limited into Rallis India Limited
  • NCLT also approved the Scheme of Merger by Absorption of Bio Energy Venture-1 (Mauritius) Pvt. Ltd. ('Bio'), into Tata Chemicals Limited
  • Tata Chemicals completed acquisition of remaining 25% stake in Tata Chemicals Soda Ash Partners Holdings (TCSAP) from The Andover Group, Inc., a subsidiary of Owens-Illinois Inc., for $195 million. With this acquisition, Tata Chemicals has increased its ownership in Tata Chemicals (Soda Ash) Partners to 100%.
  • Tata Chemicals Magadi Ltd (TCML) bagged 2 awards – Kenya Institute of Management (KIM) Company of The Year Awards - The Company of the Year Award (COYA) Productivity and Quality 2019 and The Company of the Year Award (COYA) Corporate Citizenship & Environmental Focus 2019
  • Rallis India commenced commercial production and sales of its’ products - Sarthak, ‘Zygant 0.7% Gr’- Insecticide and ‘Ayaan 48% WG’ - Fungicide for rice crops

Commenting on the results, Mr. R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said, “The pandemic impacted some parts of our operations and supply chain during the quarter. Nevertheless we are also looking at this as an opportunity to improve our operating capabilities and review our growth strategy. In India, Mithapur has been producing all products with additional emphasis on Salt and Bicarb as both these products fall under essential commodities. We would like to thank the local and district authorities for their support to enable us to continue operations and the Indian Railways for facilitating uninterrupted availability of rakes for product movement enabling us to ensure supply of critical products to our consumers. We will continue to monitor the market demand and ensure agility in our operations with renewed focus on product supply, cash position, optimal CAPEX spends, and reduction in fixed costs. As the world recovers from the pandemic situation, safety of our employees, our extended value chain partners and the communities around which we operate will remain our focus areas while we continue to work closely with our customers enabling them to get back on track at the earliest.”

About Tata Chemicals Ltd

A part of the over US$ 110 billion Tata Group, Tata Chemicals Limited, is a global company with interests in businesses that focus on Basic Chemistry Products and Specialty Chemistry Products. The story of the company is about harnessing the fruits of science for goals that go beyond business. The company’s Basic Chemistry product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products. Tata Chemicals currently is the world’s third largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company has a strong position in the crop protection business through its subsidiary company Rallis India Ltd. Tata Chemicals has established world class R&D capabilities with a dedicated band of research and scientific personnel working at its facilities in Pune and Bangalore in the emerging areas of material sciences, nutritional sciences, nanotechnology, biotechnology and agriculture sciences.