Tata Chemicals PAT surges 73 per cent sequentially

Tata Chemicals reported its results for the quarter ended September 30, 2017 on Monday.

Total sales for Q2FY18, came in at Rs. 3,461.9 crore. This represents a 31 per cent sequential increase and 0.7 per cent YoY decline.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 604.6 crore and the EBIT margin stood at 17.5 per cent.

The company reported PAT of Rs. 419 crore which represents a sequential QoQ increase of 73.3 per cent and a YoY increase of 43 per cent.

Company’s Indian Chemicals business continues healthy performance due to stringent cost control and operational efficiency.

On Monday, the stock opened at Rs. 720 per share and touched an intra-day high and low of Rs. 737.75 and Rs. 715.45, respectively, on the BSE.

Tata Chemicals is the second largest producer of soda ash with more than 6 per cent share of global capacity.