Tata Chemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 10, 2023 at 05:50 am EST
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Tata Chemicals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 39,980 million compared to INR 42,390 million a year ago. Revenue was INR 40,830 million compared to INR 42,990 million a year ago. Net income was INR 4,280 million compared to INR 6,280 million a year ago. Basic earnings per share from continuing operations was INR 16.8 compared to INR 24.85 a year ago. Basic earnings per share was INR 16.8 compared to INR 24.65 a year ago.
For the six months, sales was INR 82,160 million compared to INR 82,340 million a year ago. Revenue was INR 83,500 million compared to INR 83,400 million a year ago. Net income was INR 9,600 million compared to INR 12,170 million a year ago. Basic earnings per share from continuing operations was INR 37.33 compared to INR 48.13 a year ago. Basic earnings per share was INR 37.68 compared to INR 47.77 a year ago.
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.
TATA CHEMICALS LIMITED 
