Tata Chemicals Declares Financial Results For The Quarter And Full Year

MUMBAI:

Tata Chemicals Limited today declared its financial results for the quarter and full year ended March 31, 2023. On a consolidated basis, for the full year, the income from operations stood at ₹ 16,789 Cr, up by 33% as compared to ₹ 12,622 Cr in FY2022. PAT on a consolidated basis stood at ₹ 2,452 Cr, up by 75%, as compared to ₹ 1,400 Cr in FY2022. The improved operating performance across geographies reflects higher realisations as compared to FY2022 and efficient cost management.

For the quarter, the Company reported income from operations on consolidated basis at ₹ 4,407 Cr,
up by 27% as compared to ₹ 3,481 Cr for the corresponding quarter of last year. Consolidated PAT
from continuing operations for the quarter was at ₹ 694 Cr up by 48% as compared to ₹ 470 Cr for
the corresponding quarter of last year. On a standalone basis, for the full year, the income stood at ₹ 4,930 Cr, up by 32% as compared to ₹ 3,721 Cr in FY2022. PAT on a standalone basis stood at ₹ 1,027 Cr, up by 30%, as compared to ₹787 Cr in FY2022. For the quarter, on a standalone basis, the income from operations rose by 17% to ₹ 1,302 Cr, as compared to ₹ 1,115 Cr for the corresponding quarter of last year. PAT on standalone basis stood at ₹ 213 Cr compared to ₹ 269 Cr for the corresponding quarter of last year. Consolidated Gross Debt dropped to ₹ 6,296 Cr, as compared to ₹ 7,024 Cr as on 31 March 2022.

Also, cash & cash equivalents stood at ₹ 2,398 Cr, as compared to ₹ 2,792 Cr as on 31 March 2022.
Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd., said,
“The Company has delivered an improved performance during FY2023 as compared to FY2022 across
all parameters. The global demand-supply situation is expected to remain balanced over the medium
term. We expect sustainability trend will drive the demand for newer applications like solar glass
and lithium which will fuel growth. Our focus is on timely execution of expansion projects and
efficient cost management. We continue to work with our customers and other stakeholders on our
sustainability and digitisation efforts”.