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Tata Chemicals Reports Huge Rise in Profits

10:51 AM MST | November 14, 2011 | Deepti Ramesh

Tata Chemicals (Mumbai) reported a more than doubling in net profits for its fiscal second quarter ended September 30, 2011 compared with the year-ago period, to Rs2.75 billion ($55 million). Sales increased by about 20%, to Rs35.7 billion. The quarter saw firm demand across major products together with stable pricing situation and the period also saw growth in the company’s domestic as well as international businesses, the company says. The company has reported “an extremely strong operational and financial performance [despite] the challenging macro...

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