Tata Chemicals reports 94% fall in Q4 consolidated net profit

04 May 2021

Tata Chemicals has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a rise of 1.48% in its net profit from continuing operations at Rs 119.60 crore for the quarter under review as compared to Rs 117.85 crore for the same quarter in the previous year. Total income of the company increased by 14.29% at Rs 893.20 crore for Q4FY21 as compared Rs 781.52 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 93.63% in its net profit from continuing operations attributed to equity holder at Rs 11.77 crore for the quarter under review as compared to Rs 184.73 crore for the same quarter in the previous year. However, total income of the company increased by 10.07% at Rs 2700.72 crore for Q4FY21 as compared Rs 2453.64 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 28.68% in its net profit from continuing operations at Rs 479.11 crore as compared to Rs 671.82 crore for the previous year. Total income of the company decreased by 0.35% at Rs 3218.03 crore for year under review as compared to Rs 3229.44 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 68.22% in its net profit from continuing operations attributed to equity holder at Rs 256.37 crore as compared to Rs 806.59 crore for the previous year. Total income of the company decreased by 2.19% at Rs 10434.22 crore for year under review as compared to Rs 10667.87 crore for year ended March 31, 2020.

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