Tata Chemicals rallies 10%, hits record high on strong Q1 results

With the business environment steadily improving, the company is well-positioned to grow across customer segments, the management said.

Shares of Tata Chemicals hit a record high of Rs 844 as they rallied 10 per cent on the BSE in intra-day trade after the company reported a strong set of numbers for the quarter ended June 2021 (Q1FY22), with consolidated profit after tax (PAT) rising 362 per cent year-on-year (YoY) to Rs 342 crore, as against Rs 74 crore for the corresponding quarter of last year.

Operational income grew 27 per cent YoY to Rs 2,977 crore from Rs 2,348 crore in the year-ago quarter. This was mainly due to a rebound in soda ash volumes in the US and