Tata Chemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2015
January 04, 2016 at 01:20 pm
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Tata Chemicals Limited reported earnings results for the second quarter and six months ended September 30, 2015. The company has reported that net profit after taxes, share of profit of associate and minority interest for the second quarter ended September 30, 2015 was INR 2.55 billion, or INR 10.01 per share, compared to INR 2.57 billion, or INR 10.09 per share, for the same quarter ended September 30, 2014. Total income from operations for the second quarter ended September 30, 2015 was INR 49.97 billion, compared to INR 47.93 billion for the same quarter ended September 30, 2014.
The company reported net profit after taxes, share of profit of associate and minority interest for the six months ended September 30, 2015 was INR 4.08 billion, or INR 16.01 per share, compared to INR 4.32 billion, or INR 16.98 per share, for the same period ended September 30, 2014. Total income from operations for the six months ended September 30, 2015 was INR 90.64 billion, compared to INR 86.44 billion for the same period ended September 30, 2014.
Tata Chemicals Limited is an India-based sustainable chemistry solutions company. The Company's segments include Basic Chemistry Products and Specialty Products. Basic Chemistry Products segment comprises inorganic chemicals, such as soda ash, salt and sodium bicarbonate. These inorganic chemicals service industries, such as glass (automotive, architectural and container), detergent, food, pharma, animal feed and industrial chemicals. It has manufacturing operations across four continents: North America (United States of America), Europe (United Kingdom), Africa (Kenya) and Asia (India). Specialty Products segment includes three products: specialty silica, prebiotics and Agri inputs. Its specialty silica range serves food, rubber and tire industry. Its prebiotics and formulations are targeted at food, animal feed and pharmaceutical applications. The Company's subsidiary, Rallis India Limited, produces and markets a range of Agri inputs including seeds for Indian and overseas farmers.