Tata Chemicals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 07:00 am EST
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Tata Chemicals Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 37,300 million compared to INR 41,480 million a year ago. Revenue was INR 37,680 million compared to INR 41,850 million a year ago. Net income was INR 1,580 million compared to INR 3,910 million a year ago. Basic earnings per share from continuing operations was INR 6.2 compared to INR 15.62 a year ago. Diluted earnings per share from continuing operations was INR 6.2 compared to INR 15.62 a year ago. Basic earnings per share was INR 6.2 compared to INR 15.35 a year ago. Diluted earnings per share was INR 6.2 compared to INR 15.35 a year ago.
For the nine months, sales was INR 119,460 million compared to INR 123,820 million a year ago. Revenue was INR 121,180 million compared to INR 125,250 million a year ago. Net income was INR 11,180 million compared to INR 16,080 million a year ago. Basic earnings per share from continuing operations was INR 43.53 compared to INR 63.75 a year ago. Diluted earnings per share from continuing operations was INR 43.53 compared to INR 63.75 a year ago. Basic earnings per share was INR 43.88 compared to INR 63.12 a year ago. Diluted earnings per share was INR 43.88 compared to INR 63.12 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 
