Millennium Post
Business

Tata Chemicals Ltd April-June PAT dips 30% to Rs 75 crore

Tata Chemicals Ltd (TCL) on Monday reported 30 per cent decline in consolidated profit after tax (PAT) for the quarter ended 30 June at Rs 75.21 crore mainly due to lower profit in international subsidiaries and higher energy prices.
The company's PAT was Rs 107.59 crore in the April-June period of FY13.

'Our profit on a consolidated basis declined mainly on account of international subsidiaries, like Magadi (Africa), Europe and North America compared to last year. The energy prices were higher and the pricing was an issue,' managing director R Mukundan said.
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