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Tata Chemicals revenue grows 8% in Q1 FY'14
Aug '13
Commenting on the company's Q1 FY13-14 performance, R Mukundan, managing director, said:"Overall for the quarter, domestic businesses showed decent performance with the chemicals and consumer business portfolio registering satisfactory numbers. Fertilisers and agri-business had an adverse impact of foreign exchange volatility and raw material shortages. International entities are challenged with issues of softening demand, lower realisations, plant stoppages and increasing energy prices.

Consumer-facing business continued its progressive journey with i-Shakti pulses registering 79 percent growth in sales compared with the same period last year. Tata Swach sales picked up during the quarter impressively.

We remain cautious on the global demand scenario going forward, domestically as well as internationally, and while prices may remain at the same levels, margins remain under pressure. Subsidy outstanding has come down as compared to March 2013 levels, but will continue to remain challenged in the balance portion of the year.

The implementation of the nutritional solutions plant in Chennai is on schedule. On the strategic front, we continue to focus on building the specialty chemicals and consumer business portfolio."

Q1 FY13-14 consolidated financial highlights
-Income from operations at Rs 3,312 crore
-Profit from operations at Rs411 crore
-PBT at Rs161 crore
-PAT at Rs75 crore
-EPS at Rs2.95 (not annualised)
Q1 FY13-14 standalone financial highlights
-Income from operations at Rs1,692 crore
-Profit from operations at Rs213 crore
-PBT at Rs131 crore
-PAT at Rs100 crore
-EPS at Rs3.94 (not annualised)
Q4 FY13 standalone financial highlights
-Domestic chemicals business registers healthy sales volumes in most products, realisations stable
-Consumer products business performance on expected lines
-Global chemicals performance impacted due to softening demand, lower realisations and plant stoppages
-Haldia production suffers due to non-availability of phos acid in Q1
-Agri and trading fertiliser business volumes impacted due to volatile exchange rates
-Rallis EBITDA up at 12 percent due to improved performance of Metahelix

Tata Chemicals

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