Fertilisers drag down Tata Chemicals in Q2

By Myles McCormick
Published: Monday, 14 November 2016

Significant fall in fertiliser revenue following suspension of production at phosphate facility affected the company's financials in Q2 .

India’s Tata Chemicals Ltd saw its Q2 results dragged down by the performance of its fertiliser segment.

The company, which produces a range of chemicals and fertiliser products, saw revenue fall year-on-year (y-o-y) 17% and net profit fall 72% to Indian rupee (INR) 3,496 crore ($516.1m) and INR 177 crore, respectively,...

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