SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 May, 2017  

Tata.9.Thmb.jpg Tata Chemicals posts 32 pc rise in Q4 net profit

Tata Logo
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 27 May, 2017
Tata Chemicals on Friday reported close to 32 per cent rise in its consolidated net profit to Rs 343.02 crore in the fourth quarter ended March 31, 2017, from Rs 260.21 crore in the corresponding period a year ago.

The company's revenue from operations, however, saw a 15.8 per cent fall to Rs 3,002.33 crore during the quarter from Rs 3,565.20 crore in same period in the previous fiscal, according to a stock exchange filing.

Despite the fall in income, the firm posted a handsome growth in profit as its total expenses declined during the period.

Total expenses during the period under review fell to Rs 2,733.96 crore from Rs 3,310.56 crore for the same period of 2015-16.

Company's Managing Director and CEO R. Mukundan said: "The quarter under review has been encouraging with improved performance led by the Indian operations. Our sustained focus on improving operational performance and cost efficiencies has ensured margin expansion."

He also said the year registered good performance across businesses and geographies, in spite of challenges faced on several fronts.

The company, in a statement, said its North American operations maintained steady performance despite low production, which was impacted by maintenance outage and extreme cold weather in Wyoming, the lowest since 1962.

The British operations continued improved performance, with production volumes remaining above budget for soda ash, bicarbonate and salt while strong sales volumes were registered for salt and sodium bicarbonate.

"Going forward, we will continue our focus on delivering operational excellence across our business and driving growth in consumer products and specialty chemicals (like agrochemicals, nutraceuticals and advance material), while maintaining leadership in soda ash," Mukundan added.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter