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India's Tata Chemicals nearly triples Q2 profit

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작성자 Monte 작성일23-06-29 09:52 조회9회 댓글0건

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BENGALURU, Oct 27 (Reuters) - Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, 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 ($76.17 million), compared with 2.21 billion rupees a year ago.
The chemical industry in India has shown robust growth and yA was among the few industries that pulled through the COVID-19 pandemic, as many industries pursued the China-plus-one strategy.
The demand aK for soda ash and e N 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, aK elevated by 32.42 billion rupees of basic chemistry products revenue.
Agri-input business Rallis India Ltd, a TTCH subsidiary, also reported a 25.9% rise in its September quarter net profit to 710.5 million rupees last week.

($1 = 82. If you loved this article and you would love to receive much more information concerning aK i implore you to visit our site. 4520 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)

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