Saturday, 27 May 2017

Tata Chemicals posts 32% rise in Q4 net profit

Tata Chemicals on Friday reported close to 32 per cent rise in its consolidated net profit to Rs 343.02 crore in the fourth quarter ended March 31, 2017, from Rs 260.21 crore in the corresponding period a year ago. The company's revenue from operations, however, saw a 15.8 per cent fall to Rs 3,002.33 crore during the quarter from Rs 3,565.20 crore in same period in the previous fiscal, according to a stock exchange filing. Despite the fall in income, the firm posted a handsome growth in profit as its total expenses declined during the period. Total expenses during the period under review fell to Rs 2,733.96 crore from Rs 3,310.56 crore for the same period of 2015-16.

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