Tata chem profit zooms | business | Hindustan Times
Today in New Delhi, India
Apr 30, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Tata chem profit zooms

Tata Chemicals on Friday announced a 406 per cent jump in net profit for the quarter ended June 30, 2010 at Rs 215 crore as against Rs 43 crore in the year-ago period.

business Updated: Jul 30, 2010 21:34 IST
HT Correspondent

Tata Chemicals on Friday announced a 406 per cent jump in net profit for the quarter ended June 30, 2010 at Rs 215 crore as against Rs 43 crore in the year-ago period.

While the company saw a 6 per cent rise in revenues at Rs 2,523 crore, it witnessed a 8.4 per cent drop in raw material expenses to Rs 688 crore, resulting in a rise in profit margin.

The company had incurred an expenditure of Rs 87 crore for the quarter ended June 2009 on restructuring of its overseas operations that resulted into a dip in the profits last year. The high growth in profits in percentage terms is also a result of the expenditure, which is not a part this year.

Is Your Couch Making You Cough?
Promotional Feature