Tata Chemicals Limited., an Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022.
Q2 Results- QoQ
The company’s net profit grew 6.6% to Rs 6.28 billion for the period ended Sept 30, 2022 as against net profit of Rs 5.89 billion for the previous quarter.
Net sales increased 6.4% to Rs 42.99 billion during the period ended Sept 30, 2022 as compared to Rs 40.41 billion during the previous quarter.
Q2 Results- YoY
The company reported 185.2% growth in net profit of Rs 6.28 billion for the period ended Sept 30, 2022 as against net profit of Rs 2.21 billion for the prior-year quarter.
Net sales increased 39.6% to Rs 42.99 billion during the period ended Sept 30, 2022 as compared to Rs 30.79 billion during the prior-year quarter.
Soda ash prices remain stable across geographies, resulting in higher realisations in the United States, the United Kingdom, and Kenya. Cost environment is stabilizing and likely to stay at the current levels in the near term, stated the company in its press release.
H1 Results- YoY
The company reported 139.1% growth in net profit to Rs 12.17 billion for the period ended Sept 30, 2022 as against net profit of Rs 5.09 billion for the prior-year 1st half period.
Net sales increased 36.5% to Rs 83.4 billion during the period ended Sept 30, 2022 as compared to Rs 61.11 billion during the the 6 Months period last year.
Tata Chemicals Limited is a leading player in the Indian chemical industry engaged in the manufacture and sale of Soda ash, Sodium bicarbonate, Caustic soda, Chlorine, Liquid bromine, Gypsum, Phosphoric acid, Cement and Sulphuric acids, Nano Zinc Oxide and Specialty silica and agrochemicals.