Tata Chemicals reported a 25.72% year-on-year (YoY) rise in its net profit to INR 391 crore for the quarter ended December 31, 2022. The company had reported a profit of INR 311 crore in the same quarter of the previous fiscal year.<\/p>\n\n\n\n
The company clocked a 32% increase in the revenue from operations at INR 4,148 crore during the October-December 2022 period, which stood at INR 3,141 crore in the year-ago period. The total expenses of the firm spiked 24.14% YoY to INR 3,560 crore in Q3. The company’s EBITDA stood at INR 922 crore in Q3FY23, up 59.9% YoY, whereas, the EBITDA margin increased to 22.3% from 17.4%.<\/p>\n\n\n\n
The firm reported EPS of INR 15.35 in Q3FY23 compared to INR 12.19 for the period ended December 31, 2021. The basic chemistry products segment, which contributes to more than 80% of the company revenue and includes soda ash, bicarb, and salt, jumped 42%, offsetting the 25% rise in input costs, and a 56% rise in fuel cost.<\/p>\n\n\n\n
Its agri-input manufacturing unit, Rallis India, posted a 43% fall in its third-quarter profit on the backdrop of erratic rainfall in the domestic market and headwinds in international business, whereas the company’s consolidated revenue stood at INR 630 crore in Q3FY23, compared to INR 628 crore for the corresponding quarter of last year.<\/p>\n\n\n\n
\u201cThe global demand-supply situation continues to be balanced and an improving demand bias, driven by reopening and stabilisation of economic activity including newer applications like solar glass, resulted in stable realisations. We continue our focus on executing expansion projects. Our digital and sustainability transformation agenda continues in partnership with our customers and other stakeholders,” R Mukundan, MS & CEO, Tata Chemicals, said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tata Chemicals reported a 25.72% year-on-year (YoY) rise in its net profit to INR 391 crore for the quarter ended December 31, 2022. The company had reported a profit of INR 311 crore in the same quarter of the previous fiscal year. The company clocked a 32% increase in the revenue from operations at INR […]<\/p>\n","protected":false},"author":1863,"featured_media":138183,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753],"tags":[8519,9019],"class_list":["post-140654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-industrials","tag-chemicals","tag-specialty-chemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/tiny-pharmacist-with-pills-vitamins-flat-vector-illustration-doctors-writing-prescriptions-antibiotics-working-together-helping-patients-cure-pharmacy-business-drugstore-concept_74855-23225.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141349,"url":"https:\/\/alphastreet.com\/india\/vinati-organics-q3fy23-net-profit-soars-by-51\/","url_meta":{"origin":140654,"position":0},"title":"Vinati organics Q3FY23 net profit soars by 51%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vinati Organics rose 1.55% to INR 1,895 after the company's consolidated net profit surged 50.68% to INR 125.41 crore in Q3 FY23 as against INR 83.23 crore posted in Q3 FY22. 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