Tata Chemicals consolidated income from operations for Q2 FY15-16 at Rs. 4,997 Crores, up by 4% YoY

Commenting on the Company’s Q2 FY16 performance, R Mukundan, Managing Director, Tata Chemicals said: “The quarter under review saw the chemicals and consumer business portfolio registering satisfactory numbers. The marked improvement in the Chemicals business has been a reflection of the improved performance at Magadi. While the steam turbine project has been successfully implemented in UK, we continue to remain vigilant and focused on further opportunities to improve business. An uneven and deficit monsoon has impacted fertiliser and other agri-input businesses."

"Stand-alone revenue was up by 8%  to Rs. 3,056 crores, due to better performance in the consumer and chemicals business in India. Improved volumes of pulses, which grew by 70% over last year, salt and non-bulk agri business also contributed to the higher turnover. Better contribution, reflecting reduced energy costs, and overall improved performance of the Chemical business, as well as positive performance by all the other businesses took the consolidated revenue to Rs. 4,997 crores, up 4% over the last quarter of FY14-15," Mukundan said.