Mumbai, Nov 10 (IBNS) Tata Chemicals Limited (TCL), a global company with interests in businesses that focus Living, Industrial and Farm Essentials, announced its Q2 FY13 results where its standalone income increased 23% and Profit After Tax (PAT) by 26%.
Q2 FY2013 Standalone Financial Highlights:
Income from Operations at ` 2,441 Crores up by 23%
Profit from Operations at ` 332 Crores up by 25%
PBT at ` 240 Crores up by 30%
PAT at ` 173 Crores up by 26%
EPS (Not Annualised) at ` 6.80 up by 26%
H1 FY2013 Standalone Financial Highlights
Income from Operations at ` 3,979 Crores
Profit from Operations at ` 556 Crores
PBT at ` 330 Crores
PAT at ` 241 Crores
EPS (Not Annualised) at ` 9.47
Q2 FY2013 Consolidated Financial Highlights:
Income from Operations at ` 4,197 Crores up by 17%
Profit from Operations at ` 661 Crores down by 2%
PBT at ` 439 Crores down by 9%
PAT after Minority Interest at ` 257 Crores down by 7%
EPS at ` 10 (Not Annualised) down by 7%
H1 FY2013 Consolidated Financial Highlights
Income from Operations at ` 7,263 Crores
Profit from Operations at ` 1156 Crores
PBT at ` 650 Crores
PAT after Minority Interest at ` 364 Crores
EPS at ` 14 (Not Annualised)
Q2 FY13 - performance highlights:
Commenting on the company's Q2 FY2013 performance, R Mukundan, Managing Director, said: "Performance for the quarter under review has been very encouraging and has been a good turn around for TCL.
"The company registered 17% rise in sales turnover during the quarter despite challenges posed by the uncertainties across the globe."
"Going forward we expect Indian market to continue the growth momentum, however there would be continued pressure in the complex fertilizer business.
"We continue to lead the market in the national branded salt category with 67% market share. Our water purifier business launched a new variant LaVita enhancing the offering basket," he said.
"We also remain positive about the continued growth across our businesses and the transformation to more consumer and specialty portfolio."