Tata Chemicals Ltd., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 21.7% to Rs 268.02 crores ($35.8 million) for the period ended September 30, 2021 as against net profit of Rs 342.33 crores ($45.7 million) for the previous quarter.
Net sales increased 1.5% to Rs 3022.63 crores ($403.7 million) during the period ended September 30, 2021 as compared to Rs 2977.24 crores ($397.7 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 102.9% to Rs 268.02 crores ($35.8 million) for the period ended September 30, 2021 as against net profit of Rs 132.09 crores ($17.6 million) for the prior-year quarter.
Net sales increased 16% to Rs 3022.63 crores ($403.7 million) during the period ended September 30, 2021 as com-pared to Rs 2609.35 crores ($348.5 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 196% to Rs 610.35 crores ($81.5 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 206.24 crores ($27.5 million) for the prior-year 6 months period.
Net sales increased 21% to Rs 5999.87 crores ($801.4 million) during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 4957.51 crores ($662.2 million) during the prior-year 6 months period.
Tata Chemicals Managing Director R Mukundan said, “With the re-opening of businesses in all markets, the overall demand environment continues to be positive. While this positive momentum is expected to continue, the supply-side environment especially on energy costs and supply chain poses a challenge.”
The team has responded well to ensure that customers are served with agility. “We continue our long-term focus on excellence by leveraging digitalisation and sustainability,” he added.
Tata Chemicals Ltd is engaged in the business of manufacture and selling chemicals, crop protection and specialty chemistry products.