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Posted on Feb 08, 05:12PM | IBNS
New Delhi, Feb 8 : Tata Chemicals Limited (TCL) has announced its Q3 FY13 results where its Consolidated Income from operations registered a 10pc growth.
Q3 FY2013 Standalone Financial Highlights:
Income from Operations at ' 2,546 crores
Profit from Operations at ' 289 crores
PBT at ' 288 crores
PAT at ' 242 crores
EPS at ' 10 (Not Annualised)
Q3 FY2013 Consolidated Financial Highlights:
Income from Operations at ' 4,197 crores
Profit from Operations at ' 536 crores
PBT at ' 345 crores
PAT after Minority Interest at ' 224 crores
EPS at ' 9 (Not Annualised)
Commenting on the company's Q3 FY2013 performance, R Mukundan, Managing Director, said: "Performance for the quarter under review was under stress due to Magadi and UK units' performance and phosphatics business. Continued outstanding of fertilizer subsidies has created working capital pressures for the company. However on the whole we remain positive on recent fertilizer policy announcements."
"Going forward we expect Indian market to continue the growth momentum, however there would be continued pressure on soda ash and in the complex fertilizer business. We continue to lead the market in the national branded salt category with 66pc market share," he said.
A part of the over USUSD 100 billion Tata Group, Tata Chemicals Limited (TCL) is a global company with interests in businesses that focus on LIFE ‚Euro"Living, Industrial and Farm Essentials.