Tata Chemicals Limited Reports Unaudited Consolidated and Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 06, 2018 at 04:48 am EST
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Tata Chemicals Limited reported unaudited consolidated and audited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on consolidated basis, the company reported revenue from operations of INR 25,739.1 million against INR 25,060.8 million a year ago. Profit before exceptional items, shares pf profit of joint venture and tax was INR 3,617.6 million against INR 3,169.1 million a year ago. Profit after exceptional items, before share of profit of joint ventures and tax was INR 4,213.3 million against INR 3,169.1 million a year ago. Profit before tax was INR 4,305.6 million against 3,301.2 million a year ago. Profit from continuing operations after tax attributable to equity shareholders of the company was INR 5,454.8 million or INR 21.41 per basic and diluted share against INR 1,974.6 million or INR 7.74 per basic and diluted share for the same period a year ago. Profit for the period attributable to equity shareholders of the company was INR 7,590.7 million or INR 29.79 per basic and diluted share against INR 2,636.3 million or INR 10.34 per basic and diluted share for the same period a year ago. EBITDA was INR 5,630 million against INR 5,140 million a year ago.
For the nine months on consolidated basis, the company reported revenue from operations of INR 77,902.8 million against INR 80,855.5 million a year ago. Profit before exceptional items, shares pf profit of joint venture and tax was INR 3,617.6 million against INR 3,169.1 million a year ago. Profit after exceptional items, before share of profit of joint ventures and tax was INR 11,398.1 million against INR 11,046.1 million a year ago. Profit before tax was INR 12,291.2 million against 10,998.8 million a year ago. Profit from continuing operations after tax attributable to equity shareholders of the company was INR 9,762.8 million or INR 38.32 per basic and diluted share against INR 6,235.4 million or INR 24.48 per basic and diluted share for the same period a year ago. Profit for the period attributable to equity shareholders of the company was INR 12,644.8 million or INR 49.63 per basic and diluted share against INR 6,824.7 million or INR 26.79 per basic and diluted share for the same period a year ago. EBITDA was INR 16,780 million against INR 16,220 million a year ago. Consolidated net debt position on December 2017 was INR 41,280 million.
For the quarter, on standalone basis the company reported revenue from operations of INR 9,119.7 million against INR 9,314.5 million a year ago. Profit before tax was INR 1,874.9 million against 2,054.5 million a year ago. Profit from continuing operations after tax was INR 1,528.0 million or INR 6.00 per basic and diluted share against INR 1,437.9 million or INR 5.64 per basic and diluted share for the same period a year ago. Profit for the period was INR 3,663.9 million or INR 14.38 per basic and diluted share against INR 2,099.6 million or INR 8.24 per basic and diluted share for the same period a year ago. EBITDA was INR 2,280 million against INR 2,400 million a year ago.
For the nine months, on standalone basis the company reported revenue from operations of INR 26,059.2 million against INR 28,977.8 million a year ago. Profit before tax was INR 6,321.7 million against 6,509.6 million a year ago. Profit from continuing operations after tax was INR 4,492.7 million or INR 17.64 per basic and diluted share against INR 4,728.1 million or INR 18.57 per basic and diluted share for the same period a year ago. Profit for the period was INR 7,374.7 million or INR 28.95 per basic and diluted share against INR 5,317.4 million or INR 20.88 per basic and diluted share for the same period a year ago. EBITDA was INR 6,650 million against INR 6,950 million a year ago. On a standalone basis, the company is net debt free for the period.
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.
Tata Chemicals Limited Reports Unaudited Consolidated and Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017