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People & Business :: Earnings/Finance
Tata Chemicals Reports Rise in Profits and Sales
4:01 AM MDT | May 31, 2012 | Deepti Ramesh
Tata Chemicals (Mumbai) recorded a 28% rise in net profits for the fiscal year ended March 31, 2012, compared with the previous fiscal year, to Rs8.38 billion ($150 million). Sales increased 25%, to Rs138 billion. “Our performance for the quarter and the year under review has been satisfactory. We have been able to maintain decent margins in an environment riddled with uncertainties and rising input costs. While our operations have contributed towards this performance, we continue to focus on improving our efficiencies,” says R. Mukundan, managing...
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