Tata Chemicals Q2 results: Profit down 64% to Rs 132 cr

NEW DELHI: Tata Chemicals on Thursday reported a 64 per cent fall in consolidated net profit at Rs 132.09 crore for the quarter ended September.

Its internet revenue stood at Rs 367.31 crore within the year-ago interval.

Total revenue decreased to Rs 2,677.9 crore within the second quarter of this fiscal from Rs 2,861.35 crore within the corresponding interval of the earlier 12 months, it mentioned in a regulatory submitting.

“With the nation progressively reopening, we’re witnessing the revival of the chemical sector and buyer demand. Our plant operations and capability utilisation have gained momentum and are getting again to the pre-COVID ranges,” Tata Chemicals Managing Director and CEO R Mukundan mentioned.

In the approaching quarters, the corporate is aiming to transfer up the worth chain with business strategy concentrating on 4 verticals — efficiency supplies, nutritional sciences, agro sciences and power sciences, he added.

Part of the over USD 110 billion Tata group, Tata Chemicals Ltd is a worldwide firm with pursuits in companies that target fundamental and specialty chemistry merchandise.


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