Tata Chemicals

Tata Chemicals records loss of Rs. 188 crore during fourth quarter

Tata Chemicals records loss of Rs. 188 crore during fourth quarterTata Chemicals (TCL) has said that it has recorded a consolidated loss of Rs. 188 crore during the fourth quarter of the financial year 2012-2013.

The loss was mainly due to the write-down of goodwill of Rs. 484 crore involving its operations in Europe. The company's total income was recorded at Rs. 3,361.77 crore and operating profit at Rs. 351.41 crore during the fourth quarter from January to March 2013.

Floods impacted Kenyan operations, says Tata Chemicals

Floods impacted Kenyan operations, says Tata ChemicalsWhile chairing the 73 annual general meeting (AGM) of his group firm, Tata Chemicals, He said that the company's operations in Kenya were affected by flooding during the first quarter of 2012-13.

The company's facilities in Magadi, Kenya were affected by flooding in the African nations. He pointed out that foreign exchange fluctuations and a slowdown in production at Haldia West Bengal also impacted the earnings.

Tata Chemicals net sales rise 21 per cent

Tata Chemicals net sales rise 21 per cent A Tata group unit, Tata Chemicals has reported an increase of 21 per cent in its net sales to Rs 3,540 crore in the second quarter of the financial year.

The company's consolidated net profit more than doubled to Rs 275 crore even as the company had to deal with increased costs. It was able to increases prices due to healthy demand for all its products including soda ash, fertiliser and chemicals.

Tata Chemicals Long Term Buy Call

Tata Chemicals Long Term Buy CallTechnical analyst Kunal Saraogi is bullish on Tata Chemicals Limited and has maintained 'hold' rating on the stock to achieve a target in the long term.

According to the analyst, the investors can hold the stock with a stop loss of Rs 303.

The stock of the company, on March 14, closed at Rs 324.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 446.30 and a low of Rs 301.75 on BSE.

Current EPS & P/E ratio stood at 16.59 and 19.23 respectively.

Tata Chemicals net at Rs 605 crore

Tata Chemicals net at Rs 605 croreTata Chemicals has declared its annual financial results for the fiscal year 2009-10 and this year figures are marginally down from previous year records.

The company has posted a consolidated net profit of Rs 605.90 crore for the year that ended in 31st March, 2010. It was reported to be Rs 648 crore for last year.

This net profit figure has marginally declined in this financial year. This has been informed by Tata Chemicals in a filing at the Bombay Stock Exchange.

Tata Chemicals to raise equity shareholding in Rallis India

tata Ltd, a Tata group entity, has decided to increase its equity shareholding in Rallis India by offering to purchase equity shares from other qualifying "promoter group" Tata companies through inter-se transfer of shares.

The board of Tata Chemicals proposed to purchase up to 35.80% shares from other promoter group companies at a price not exceeding Rs 850 a share. However, the final price will be determined in accordance with the applicable SEBI rules and the rules of the stock exchanges.

At present, Tata Tea Ltd. (TTL) is the single-largest shareholder in Rallis India.

Tata Chemicals profit up 59% on demand growth

tataTata Chemicals, leading maker of fertilisers, chemicals and food additives, has posted a 59 per cent rise in net profit in the first quarter ended June 30, strongly aided by growing demand for soda ash coupled with a drop in raw material prices and cost-cutting initiatives.

The company's net profit figure for the first quarter stood at Rs 94 crore.

According to sources, company's demand for soda ash had witnessed 8% growth which is driven by good demand from detergent makers as well as flat and container glass segments.

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