DSIJ Mindshare

Tata Chemicals stands fertile; Q4 positive

Tata Chemicals an agro-based chemical and fertiliser producer has posted extraordinary Q4FY16 results with nearly an increase of twofold in profits. The stock of Tata Chemicals is trading in green with 1.8 per cent upside at Rs 447.

Company’s consolidated revenues have dropped 13.5 per cent to Rs 3976.27 crore for Q4FY16 from Rs 4596.67 crore in the last quarter.  EBITDA has risen 6.1 per cent at Rs 520.11 crore as against Rs 490.13 crore in the last quarter. The fall in direct costs except for raw material has boosted the EBITDA of the company.

Net profit has grown exceptionally at Rs 242.24 crore as against Rs 129.94 crore, an increase of 86.4 per cent. Net profit has seen a twofold rise amid fall in interest and tax expenses and rise in the other income.

The Year on Year (YOY) results show that, Company’s consolidated revenues have risen 8.7 per cent from Rs 3657.89 crore during the corresponding quarter of the previous year. EBIDTA of company has risen by 26.5 per cent from Rs 411.13 crore. Company had posted a net loss of 74.17 crore in the same quarter of last year.

On a yearly basis Tata Chemicals has posted consolidated revenues of Rs 17537.09 crore for the year ended March 2016 compared to Rs 16192.56 crore in March 2015, an increase of 3.7 per cent. Net profit too has risen from Rs 596.46 crore in FY15 to 780.16 crore in FY16, an increase of 30.8 per cent.

Tata Chemicals Limited is a soda ash producer and sodium bicarbonate producer. The Company deals in inorganic chemicals, fertilisers, other agri inputs, water purifiers, nutritional solutions and pulses. Tata Chemical’s produce is used as a raw material in float glass and pharmaceuticals, and is used in the metallurgy and textiles industries. Its clientele is mainly the manufacturers of soaps, detergents and glass. 

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