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Tata Chemicals Reports Rise in Profits and Sales

7:10 AM MDT | May 23, 2011 | Deepti Ramesh

Tata Chemicals (Mumbai) recorded an 8% rise in net profits for the fiscal year ended March 31, 2011 to Rs6.53 billion ($145 million), compared with the previous fiscal year. Sales increased 16%, to Rs110.6 billion. Sales for the fiscal year at the company’s inorganic chemicals segment increased 0.5%, to about Rs54.2 billion, and sales at the company’s fertilizers segment increased 18%, to about Rs43 billion. The company reported a 14% rise in net profits for the fourth quarter ended March 31, to Rs1.46 billion and sales for the quarter increased 16%, to...

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