Tata Chemicals post 13% drop in profit despite strong sales figures
Published: Wednesday, 05 August 2015
Results published by the Mumbai-based soda ash producer reveal that net profit fell year-on-year as costs ate into sales gains.
India-based Tata Chemicals Ltd posted a
13% fall in net profit to Indian rupee (INR) 153 crore ($24m*)
for the three months ended 30 June. Overall sales revenue, however,
climbed 5% to INR 4,057 crore ($635m) for the period.
Growth in operational expenses and financing costs accounted