Tata Chemicals' fiscal Q4 net income down to 1.6B Indian rupees from 1.9B rupees in year-ago period; net sales down 2.2% to 20.8B rupees with stable demand across soda ash, bi-carb, salt
Kendall Sinclair
MUMBAI
,
May 27, 2013
(press release)
–
Declares dividend of Rs10 per share; total outlay Rs294.42 crore
FY13 consolidated financial highlights
FY13 standalone financial highlights
Q4 FY13 consolidated financial highlights
Q4 FY13 standalone financial highlights
Q4 FY13 and FY13 – performance highlights
Commenting on the company's Q4 FY13 performance, R Mukundan, managing director, said, "Overall for the year the domestic chemicals and consumer business registered 36 percent EBIT growth whereas fertilisers had a 20 percent fall in EBIT. Overall, the company registered a growth of 15 percent in EBIT across segments. With continued softness in the fertiliser segment, we expect a muted performance even though there is a positive tailwind from expectations of a normal monsoon as announced by the weather bureau. On consolidated basis, results were impacted due to impairment charge of Rs484 crore, which led to a 52 percent fall in consolidated annual profit. We expect times to be challenging both domestically and internationally and this, coupled with liquidity crunch due to delayed payment of subsidy, continues to drag the company's performance. On the strategic front, we continue to focus on specialty and consumer business and the implementation of the nutraceuticals plant in Chennai is on schedule."
Businesswise performance
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