Tata Chemical Q4 cons PAT down to Rs 138.5 crore

Tata Chemicals today said it has posted a net profit of Rs 138.51 crore on consolidated basis in the fourth quarter ended March 31, marginally down from Rs 145.83 crore reported in the same period last year.

However, the company reported a 28% increase in net profit after minority interest at Rs 838 crore for the year ended March 31, 2012 against Rs 653 crore in the corresponding period of last year.
The company, which has interests in chemicals, crop nutrition and consumer products, posted net sales of Rs 3,465 crore in Q4 FY 12 as against Rs 2,665.14 crore in the same period last year.
"Our performance for the quarter and year under review has been satisfactory. We have been able to maintain decent margins in an environment riddled with uncertainties and rising input costs. We will continue to focus on improving our efficiencies," Tata Chemicals managing director R Mukundan told reporters here.
The company's net sales increased by 25% at Rs 13,806 crore in FY'12. Profit from operations stood at Rs 2,304 crore compared to Rs 1,864 crore in FY'11. Profit before tax stood at Rs 1,383 crore, up 23% from Rs 1,121 crore last year.
Tata Chemicals hopes to generate Rs 1,000-crore revenue from salt business in FY'13 as against Rs 800 crore in FY'12, Mukundan said.
The company has doubled its capital expenditure from Rs 500 crore in FY'12 to Rs 1,000 crore in FY'13. The capex will be mainly used for replacement at Babrala and Mithapur and North American units. The capex will be funded through internal accruals, Tata Chemicals chief financial officer PK Ghose said. Also watch the accompanying video.