BENGALURU, Oct 27 (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment.
The chemical manufacturer’s consolidated net profit for the three months ended Sept.30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year ago.
The chemical industry in India has shown robust growth and was among the few industries that pulled through the COVID-19 pandemic, eVDEn eve naKliYaT as many industries pursued the China-plus-one strategy.
The demand EVden EVE nakLiYaT for soda ash and bicarb, used to make soaps and detergents and eVdEN eve NAkLiYat as a raising agent in baked goods, has been witnessing strong growth for the company.
The consolidated revenue from operations rose 40.3% to 42.39 billion rupees, elevated by 32.42 billion rupees of basic chemistry products revenue.
Agri-input business Rallis India Ltd, a TTCH subsidiary, also reported a 25.9% rise in its September quarter net profit to 710.5 million rupees last week.If you enjoyed this article and you would such as to get additional info pertaining to EVDEN eVE naKliyAt kindly see our own web-site. ($1 = 82.4520 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)