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Tata Chemicals reports 47.6% fall in net profits

4:12 AM MST | November 11, 2013 | Deepti Ramesh

Tata Chemicals (Mumbai) reports a 47.6% fall in net profits for its fiscal second quarter, ended 30 September, compared with the year-ago period, to 1.34 billion Indian rupees ($21 million). Second-quarter sales increased 4%, to Rs43.4 billion. “Overall, we are enthused by the early signs of a positive shift in the business environment in India and overseas, especially in the United States,” says R Mukundan, managing director of Tata Chemicals. “The Indian chemical, consumer, and non-subsidy farm businesses continued a sustained performance...

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