Tata Chemicals Q2 profit rises 17 pc to Rs 409 cr on higher income

Tata Chemicals said Friday its consolidated profit grew by 17 per cent to Rs 408.82 crore during the quarter ended September 30, 2018, helped by higher income from operations.

Its consolidated profit from continuing operations stood at Rs 349.59 crore during the same quarter a year ago, the company said in a BSE filing.

During the said quarter, total income also jumped to Rs 3,084 crore from 2,740 crore in July-September of 2017-18, Tata Chemicals said.

The company's total expenses were at Rs 2,592.45 crore, higher from Rs 2,256.62 crore in the year-ago period.

In a separate statement, Tata Chemicals said that "the company's results by reporting segment showed income from operations for basic chemistry products at Rs 2,033 crore, up by 7 per cent, consumer products segment at Rs 460 crore, up by 22 per cent, and specialty products Rs 669 crore, up by 12 per cent."
"The chemicals business has been the key pillar of the company and the announced soda ash facility expansion aims to lend further strength and sustainability to the business. With the intended expansion at Mithapur, we would substantially raise our manufacturing capacity of soda ash and edible salt by 20 per cent and 40 per cent, respectively."