India’s Tata Chemicals Ltd Reports 105.9% Net Profit Growth YoY in Q1 FY23

Tata Chemicals Limited., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022.

Q1 Results- QoQ

The company’s net profit marginally grew 28.1% to Rs 5.93 billion for the period ended June 30, 2022 as against net profit of Rs 4.63 billion for the previous quarter.

Net sales decreased 12.7% to Rs 40.4 billion during the period ended June 30, 2022 as com-pared to Rs 35.87 billion during the previous quarter.

Q1 Results- YoY

The company reported 105.9% growth in net profit of Rs 5.93 billion for the period ended June 30, 2022 as against net profit of Rs 2.88 billion for the prior-year quarter.

Net sales increased 33.3% to Rs 40.41 billion during the period ended June 30, 2022 as com-pared to Rs 30.32 billion during the prior-year quarter.

Tata Chemicals Limited is an Indian chemical company and is engaged in the manufacture and sale of chemicals, crop protection and specialty chemistry products.