Home >Companies >Tata Chemicals reports consolidated net profit of Rs238.12 crore in Q3

Mumbai: Tata Chemicals Ltd, the world’s second-biggest soda-ash maker, reported a consolidated net profit of 238.12 crore for the quarter ended 31 December, compared with a loss of 15.93 crore in the corresponding period a year ago.

Net sales rose to 4,719.29 crore from 4,551.14 crore.

A Bloomberg survey of eight analysts had pegged consolidated net profit at 247.7 crore while net sales were projected at 4,821.5 crore.

The company said that during the quarter, Brunner Mond BV, a subsidiary and Kemax BV, a jointly controlled entity, ceased operations. The dissolution does not have material effect on the consolidated financial results, it added.

At 2:15pm, shares of Tata Chemicals lost 1.89% to 453.80 on the BSE, while the benchmark Sensex lost 0.14% to 28,809.89 points.

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