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Tata Chemicals Q1 net profit down by 30% at Rs 75.21 cr

The company, part of Tata Group, had posted a net profit of Rs 107.59 crore in the year-ago period

Press Trust of India New Delhi
Last Updated : Aug 05 2013 | 4:49 PM IST
Tata Chemicals today reported 30% decline in consolidated net profit for the quarter ended June 30, 2013, to Rs 75.21 crore mainly due to higher expenses.
 
The company, part of Tata Group, had posted a net profit of Rs 107.59 crore in the year-ago period.
 
Total income, however, increased by 7% to Rs 3,331.65 crore in the first quarter of this fiscal from Rs 3,111.85 crore in the corresponding period of the last fiscal.
 
Tata Chemicals is market leader in branded iodised salt segment. The company is the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America.

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First Published: Aug 05 2013 | 4:47 PM IST

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