Tata Chemicals Q2 net up 33% at Rs278 cr

Tata Chemicals Q2 net up 33% at Rs278 cr
PTI
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First Published: Thu, Oct 30 2008. 02 53 PM IST
Updated: Thu, Oct 30 2008. 02 53 PM IST
Mumbai: Tata Chemicals said that its net profit for the group grew by 33.36% for the second quarter ended 30 September to Rs277.70 crore over the corresponding period year ago.
The company had a net profit of Rs208.22 crore in the Q2 of FY 2008, the fertiliser and inorganic chemical manufacturer said in a filing to the Bombay Stock Exchange (BSE).
The company’s consolidated net sales rose to Rs4,654.06 crore in the quarter under review from Rs1723.36 crore in the same period last fiscal.
On a standalone basis, Tata Chemicals reported a net profit of Rs215.80 crore, a 51.38% growth over the corresponding period year ago. The company had a net profit of Rs142.55 crore in the same period last year.
Net sales of the company rose to Rs3600.26 on a standalone basis, from Rs1254.83 crore in the same period previous year, the statement said.
For the six month ended 30 September, Tata Chemicals’s consolidated net profit stood at Rs384.74 crore, against a net profit of Rs345.60 crore in the previous fiscal.
The company’s consolidated net sales rose to Rs6,840.11 crore for six-month period, from Rs2,848.88 crore in the year-ago period, it added.
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First Published: Thu, Oct 30 2008. 02 53 PM IST