Tata Chem Q1 net down 6.5% to Rs 45.81 cr

BS 200 SCORECARD

Tata Chemicals has reported a 6.49 per cent drop in its net profit at Rs 45.64 crore in the first quarter ended June 30, 2004 as against Rs 48.81 crore in Q1 of the 2003-04.

Net sales rose by about 26 per cent at Rs 520.42 crore (Rs 414.58 crore), the company said in a release. Sales across sectors including urea and edible salt businesses demonstrated healthy improvement, the company's managing director Prasad Menon said.

Further, despite steep increases in the prices of coke, ammonia and phosphoric acid and firm freight rates, the company maintained its profitability in just concluded quarter, he said.