Tata Chemicals income from operations climbs 8% in FY14

31 May '14

2 min read

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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