Tata Chemicals Limited today declared its financial results for the quarter ended 31st December, 2021. The Company reported income from operations on consolidated basis at Rs. 3,142 Cr, up by 21% as compared to Rs. 2,606 Cr of the corresponding quarter of last year. Consolidated PAT from continuing operations for the quarter was at Rs. 340 Cr, up by 69%, as compared to Rs. 201 Cr for corresponding quarter of last year. The increase is mainly due to higher Soda Ash Volumes and the better realisations from the market.
Consolidated Gross Debt stood at Rs. 6,937 Cr, as compared to Rs. 7,108 Cr as on 30 Sept, 2021. Also Cash & cash equivalents stood at Rs. 2,817 Cr, as compared to Rs. 2,950 Cr as on 30 Sept, 2021.
The Company’s results by reporting segments showed income from operations for the Basic Chemistry Products at Rs. 2,448 Cr, up by 23%, and Specialty Products at Rs. 679 Cr, up by 10%.
Commenting on the results, Mr. R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said,
“With the re-opening of businesses in all markets, the overall demand environment continues to be positive. While this positive demand momentum is expected to continue, the input supply-side environment especially energy costs remains high compared to historical levels, and supply chain challenges continue to be seen in the market. The team has responded well to ensure customers are served with agility. We continue our long-term focus on excellence by leveraging digitalization and sustainability. In addition to the operational excellence, we continue to focus on executing the growth capex in India.
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