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Tata Chemicals income from operations climbs 8% in FY14
31
May '14
Tata Chemicals Limited (TCL), a global company with LIFE as its business — Living, Industrial and Farm Essentials reported a 8% jump in its income from operation at Rs. 15895 crores. 
 
Key performance and financial highlights:
Standalone
-Soda Ash demand continues to be robust.
-Fertiliser sales on expected lines.
-Consumer products business continues with its portfolio extension, growth in line with expectation.
-FOS trial production at Chennai plant started. Commercial output expected by Q2 FY15.
 
Consolidated
-European business restructuring on track. Winnington facility ceases production of Soda Ash on 3rd Feb 2014.
-Global soda ash demand stable and improving gradually.
-Rallis India Q4 net sales up by 16% to Rs. 324 Crs / PAT up by 71% at Rs.19 Crs.
 
Financial Highlights for the FY14:
Standalone FY14
-Income from Operations at Rs. 8690 Crs.
-Profit from Operations at Rs. 928 Crs.
-PBT at Rs. 569 Crs.
-PAT at Rs. 436 Crs.
-EPS at Rs. 17.12 (Annualised).
 
Key Provisions 
Tata Chemicals Magadi Limited (TCML) – Impairment of fixed assets and goodwill amounting to Rs. 924 Crs. PAM plant under stress due to continued impact of high energy cost.
 
EPM – Rs. 180 Crs provided towards diminution in value of investment in view of significant decline in the share price as compared to the carrying value of the investment.
 
Tata Chemicals Europe – Restructuring cost provided towards closure of Winnington facility Rs. 242 Crs
 
Consolidated FY14
-Income from Operations at Rs. 15895 Crs.
-Profit from Operations at Rs. 1809 Crs.
-PBT at Rs. (519) Crs.
-PAT after minority interest at Rs. (1032)Crs.
-EPS at Rs. (40.51) (Annualised).
 
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Tata Chemicals

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