India apos;s Tata Chemicals Nearly Triples Q2 Profit
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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.<br> The chemical manufacturer's consolidated net profit for the three months ended Sept.<br><br>30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year ago.<br> | + | 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.<br> The chemical manufacturer's consolidated net profit for the three months ended Sept.<br><br>30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year ago.<br> The chemical industry in India has shown robust growth and was among the few industries that pulled through the COVID-19 pandemic, as many industries pursued the China-plus-one strategy.<br> The demand for soda ash and bicarb, used to make soaps and [https://en.wikipedia.org/wiki/Detergent detergents] and as a raising agent in baked goods, [https://d3sl.org/index.php/User:DonetteR03 evDEN EVE NAkliyAt] has been witnessing strong growth for the company.<br> The consolidated revenue from operations rose 40.3% to 42.39 billion rupees, elevated by 32.42 billion rupees of basic chemistry products revenue.<br> Agri-input business Rallis India Ltd, [https://evigetir.com/ee.html eVdEn eVe nakLiyAt] a TTCH subsidiary, [https://evigetir.com/ntpc/form.html%20-%20K%C2%8Dsayol.lnk EvdEN EVe nakliyaT] also reported a 25.9% rise in its September quarter net profit to 710.5 million rupees last week.<br><br>($1 = 82. Should you liked this short article and also you want to receive more details about [https://evigetir.com/evdeneve/tips.html eVDen eVE NAKliyat] i implore you to check out our own web-page. 4520 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)<br> |