Q4FY23 Quarterly & FY23 Annual Result Announced for Tata Chemicals Ltd.
Commodity Chemicals company Tata Chemicals announced Q4FY23 & FY23 results: Standalone Q4FY23: Revenue from operations stood at Rs 1,302 crore, up 17%, as compared to Rs 1,115 crore for Q4FY22 Profit After Tax from continuing operations was Rs 213 crore as compared to Rs 269 crore for Q4FY22 Demand for soda ash and Bicarb is expected to remain stable over the medium term Salt volumes continue to grow on a yearly basis Consolidated Q4FY23: Revenue from operations stood at Rs 4,407 crore, up by 27%, as compared to Rs 3,481 crore for Q4FY22 Profit After Tax from continuing operations (pre-MI) was Rs 694 crore, up by 48% as compared to Rs 470 crore for Q4FY22 Company’s net debt as on March 31, 2023 reduced to Rs 3,898 crore Soda ash realisations stable across geographies Cost environment is stabilizing Rallis India recorded consolidated revenues of Rs 523 crore for the quarter ended 31 March 2023, an increase of 3% as compared to Rs 508 crore for Q4FY22 FY23: On a consolidated basis, for FY23, the income from operations stood at Rs 16,789 crore, up by 33% as compared to Rs 12,622 crore in FY22. PAT on a consolidated basis stood at Rs 2,452 crore, up by 75%, as compared to Rs 1,400 crore in FY22 The improved operating performance across geographies reflects higher realisations as compared to FY22 and efficient cost management. On a standalone basis, for FY23, the income stood at Rs 4,930 crore, up by 32% as compared to Rs 3,721 crore in FY22. PAT on a standalone basis stood at Rs 1,027 crore, up by 30%, as compared to Rs 787 crore in FY22. Consolidated Gross Debt dropped to Rs 6,296 crore, as compared to Rs 7,024 crore on 31 March 2022. Cash & cash equivalents stood at Rs 2,398 crore, as compared to Rs 2,792 crore as on 31 March 2022. The dividend proposed at Rs 17.5 per share Result PDF03-05-2023
