India's Tata Chemicals nearly triples Q2 profit
Written by on June 22, 2023
BENGALURU, Oct 27 (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, EVDEn Eve NaKLiYaT helped by a strong performance in its basic chemistry products segment.
The chemical manufacturer’s consolidated net profit for the three months ended Sept.30 came in at 6.28 billion Indian rupees ($76. If you have any thoughts about wherever and how to use eVDEn evE NaKLiYat, you can speak to us at our own site. 17 million), compared with 2.21 billion rupees a year ago.
The chemical industry in India has shown robust growth and was among the few industries that pulled through the COVID-19 pandemic, as many industries pursued the China-plus-one strategy.
The demand for soda ash and EvdeN eVe nAkLiyaT bicarb, used to make soaps and evDeN EVe naKliyaT detergents and as a raising agent in baked goods, has been witnessing strong growth for the company.
The consolidated revenue from operations rose 40.3% to 42.39 billion rupees, elevated by 32.42 billion rupees of basic chemistry products revenue.
Agri-input business Rallis India Ltd, EVdEn EVe nAkLiYAT a TTCH subsidiary, also reported a 25.9% rise in its September quarter net profit to 710.5 million rupees last week.($1 = 82.4520 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)
