Tata Chemicals’ consolidated PAT for the period Q1 FY19-20 at Rs313 crore, up by 19 per cent
Standalone PAT for the period stood at Rs254 crore
Mumbai, 8th August, 2019: Tata Chemicals Group (the “Company”) today declared its Consolidated Financial Results for the first quarter ended 30 June, 2019. The Company reported income from operations on consolidated basis at Rs2,897 crore, up by 6 per cent and Rs1,031 crore, up by 4 per cent on a standalone basis against the same quarter last year.
The Company’s results by reporting segment showed Income from operations for Basic Chemistry Products at Rs1,946 crore, up by 1 per cent, Consumer products segment at Rs495 crore, up by 13 per cent and Specialty Products Rs634 crore, up by 9 per cent.
Standalone Q1 FY19-20
- Tata Chemicals received environment approval for expansion of soda ash plant in Gujarat at an estimated cost of Rs1,042.07 crore
- Re-launched Tata Shudh cement with “Superior 1 day strength” quality\
- The Company’s state of the art manufacturing facility in Nellore for Nutritional Solutions is in the final stage of commissioning; trial production to commence soon
- Highly Dispersible Silica trial production at the Cuddalore facility received an encouraging response from the customers
- Consumer business continues to perform well and witnessed growth of 13 per cent over the previous year
Consolidated Q1 FY19-20
- TCML continues to be on the growth path with higher volumes and lower input costs
- TCE continues to focus on efficiency improvement\
- Rallis has moved forward with new vigor to strengthen its sales and marketing through several effective operational steps
- Rallis continues to focus towards strong, healthy and sustainable products with target to expand footprints in South East Asian and African countries
- Consolidated Net Debt down to Rs1,871 crore from Rs1,959 crore compared to 31 March, 2019
Mr. R. Mukundan, Managing Director, Tata Chemicals Limited, said, "The Company has posted a healthy growth on a consolidated basis across all business segments. In our Basic Chemistry Products Business, we will continue to be most cost-efficient Soda Ash, Bicarbonate and Salt business. Our investment in a Bicarbonate unit in the United Kingdom using innovative carbon capture process and Mithapur plant expansion will provide significant thrust to our growth. We are also happy to have received the environment clearance for the expansion at our Mithapur plant. We will continue to focus on our nutritional science and material sciences business towards scale by strengthening the innovative funnel to ensure aggressive growth in the Specialty Products Business. With digital technology at the heart of our business operations, we seek to simplify and speed up operations and serve customers better.”