India's Tata Chemicals nearly triples Q2 profit
BENGALURU, evdEN EVe NAkliyat 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. Should you have virtually any queries relating to wherever in addition to tips on how to use EvDEN eve NAKliYAT, you possibly can e mail us in our 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 bicarb, used to make soaps and 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, a TTCH subsidiary, EVDen eVE NAkLiYaT 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)
