Tata Chem Q4 net profit up 26 pc at Rs 450 crore

Tata Chemicals Friday posted a 26.46 per cent jump in its consolidated net profit at Rs 450.10 crore during the fourth quarter of 2018-19 fiscal on strong sales.

The company's net profit stood at Rs 355.90 crore in the same quarter during previous fiscal. This excludes Rs 854.29 crore profit from its discontinued operations in the said period, the company said in a regulatory filing.

Total income increased to Rs 2,845.26 crore on a consolidated basis during the January-March quarter of 2018-19 from Rs 2,628.83 crore in the year-ago period.

For the full 2018-19 fiscal, Tata Chemicals' consolidated net profit declined to Rs 1,394.83 crore from Rs 1,560 crore in 2017-18.

Total income during the year increased to Rs 11,707.97 crore from Rs 10,504.82 crore in 2017-18.

Commenting on the performance, the company's managing director and CEO R Mukundan said: "We are pleased to share a positive overall performance despite some challenges on the energy cost and overall plant's fixed cost."