• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Tata Chemicals Q1 PAT tumbles 67% to Rs 74 cr
(10:05, 01 Aug 2020)
Consolidated net sales for Q1 June 2020 stood at Rs 2,348.16 crore, falling 9% from Rs 2584.03 crore in Q1 June 2019. Tata Chemicals said globally, the sales volumes of soda ash declined by 25% with sodium bicarbonate relatively flat. During the quarter, the export market in the US witnessed a steep drop of 45% as compared to previous year. Demand from export market was significantly low in the flat glass segment across the globe.

Profit before tax fell 68% to Rs 109.94 crore during the quarter. Total tax expense declined 68% to Rs 35.79 in Q1 June 2020 over Q1 June 2019.

The company's UK operations did not suffer any significant disruption in production or sales with customer demand remaining as expected. Sodium bicarbonate experienced a healthy growth in demand across user sectors. In Kenya, the company said it did not face any disruption in production but dispatches to the Indian market and South-East Asian countries were disrupted due to lockdown in those countries.

On a standalone basis, the income from operations stood at Rs 628 crore, down 12.6% from Rs 719 crore posted in the corresponding quarter of last year. Profit after Tax (PAT) on standalone basis was Rs 109 crore, down by 47% from Rs 206 crore in the corresponding quarter of last year.

The company's results by reporting segment showed income from operations for the basic chemistry products at Rs 1,672 crore, down by 14%, and specialty products at Rs 676 crore, up by 7%.

Commenting on the results, R. Mukundan, managing director & CEO, Tata Chemicals said, “Despite the unprecedented times, we continued the production and supply of the essential commodities after undertaking all necessary safety measures. In Q1, we adapted to the new normal with a consistent focus on product supply, cash position, optimal CAPEX, and calibrated fixed costs to build up and conserve our healthy cash position. During the quarter, there was no material change in the Company's liquidity position, with no borrowings and sufficient credit lines available. As we step forward, our aim is to move soda ash towards value added products in Performance Materials business, consistent growth in Nutrition science and Agri-science Businesses and seeding the Energy science business.

Shares of Tata Chemicals closed 1.39% lower at Rs 305.60. The result was announced after market hours yesterday, 31 July 2020.

Tata Chemicals is a global company with interests in businesses that focus on basic chemistry products, consumer and specialty products.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries