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Tata Chemicals reports fall in profits

1:55 AM MST | November 12, 2012 | Deepti Ramesh

Tata Chemicals (Mumbai) reported a 6.8% fall in consolidated net profits for its fiscal second quarter, ended 30 September 2012, compared with the year-ago quarter, to 2.57 billion Indian rupees ($46.7 million). Sales increased 17.4%, to Rs41.9 billion. “The financial performance in the quarter has been very encouraging and a good turnaround for Tata Chemicals. The company registered a 17% rise in sales during the quarter despite challenges posed by uncertainties across the globe,” says R. Mukundan, managing director of Tata Chemicals. “Going...

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