Tata Chemicals Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
October 29, 2020 at 10:12 am EDT
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Tata Chemicals Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 26,779 million compared to INR 28,613.5 million a year ago. Net income was INR 704.7 million compared to INR 2,852.6 million a year ago. Basic earnings per share was INR 2.77 compared to INR 11.2 a year ago. Basic earnings per share from continuing operations was INR 2.77 compared to INR 11.66 a year ago. For the half year, total revenue was INR 50,847.2 million compared to INR 55,322.5 million a year ago. Net income was INR 837.5 million compared to INR 4,387.1 million a year ago. Basic earnings per share was INR 3.29 compared to INR 17.22 a year ago. Basic earnings per share from continuing operations was INR 3.29 compared to INR 17.85 a year ago.
Tata Chemicals Limited is an India-based sustainable chemistry solutions company. The Company's segments include Basic Chemistry Products and Specialty Products. Basic Chemistry Products segment comprises inorganic chemicals, such as soda ash, salt and sodium bicarbonate. These inorganic chemicals service industries, such as glass (automotive, architectural and container), detergent, food, pharma, animal feed and industrial chemicals. It has manufacturing operations across four continents: North America (United States of America), Europe (United Kingdom), Africa (Kenya) and Asia (India). Specialty Products segment includes three products: specialty silica, prebiotics and Agri inputs. Its specialty silica range serves food, rubber and tire industry. Its prebiotics and formulations are targeted at food, animal feed and pharmaceutical applications. The Company's subsidiary, Rallis India Limited, produces and markets a range of Agri inputs including seeds for Indian and overseas farmers.