India's Tata Chemicals nearly triples Q2 profit

BENGALURU, Oct 27 (Reuters) – Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment.

The chemical manufacturer’s consolidated net profit for the three months ended Sept.30 came in at 6.28 billion Indian rupees ($76.17 million), compared with 2.21 billion rupees a year ago.

The chemical industry in India has shown robust growth and was among the few industries that pulled through the COVID-19 pandemic, as many industries pursued the China-plus-one strategy.

The demand for evden eVe nakliyaT soda ash and eVDen EVE NakliYAT bicarb, used to make soaps and detergents and as a raising agent in baked goods, has been witnessing strong growth for EvdEN EVe NaKliYAT the company.

The consolidated revenue from operations rose 40.3% to 42.39 billion rupees, elevated by 32.42 billion rupees of basic chemistry products revenue.

Agri-input business Rallis India Ltd, a TTCH subsidiary, eVDen eVE NAKliyAT also reported a 25.9% rise in its September quarter net profit to 710.5 million rupees last week.In case you liked this information along with you would want to obtain more information relating to eVden eVe naKLiyAT generously check out our web-page. ($1 = 82.4520 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)