Tata Chemical FY09 cons net profit down at Rs 648 cr

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Tata Chemical FY09 cons net profit down at Rs 648 cr

Tata Chemical has announced its FY09 results. The company's consolidated net profit was down at Rs 648 crore versus Rs 964 crore.

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Tata Chemical has announced its FY09 results. The company's consolidated net profit was down at Rs 648 crore versus Rs 964 crore.

Urea sales were highest ever for the co. Fertilizer segment revenues increased 153% to Rs 6911.5 cr vs Rs 2732.1 cr

Inorganic Chemicals includes GCIP, thats why up 64% to Rs 5414 cr

Soda ash domestic demand is stable, positive affect of of 20% safeguard duty affect from Chinese anti-dumping

Are delaying soda ash capex, not encouraging fresh capex

Tata salt outlook is strong

Highlights

Extraordinary loss of Rs 207 crore versus Rs 67 crore for Notional loss on FCCB (92.31 crore) and Deficit for Pension liabilities (Rs 114.97 crore)

Interest costs include Rs of Rs 113 crore on ECBs of USD 475 million, Interest costs for the year at Rs 395 crore versus Rs 136 crore

Adapted AS 11, Depri includes Rs 125 crore off this (total depreciation Rs 422 crore), PAT higher by Rs 244.97 crore for FY09