Tata Chemicals Q2 profit down 64% to Rs 132 crore

Tata Chemicals on Thursday reported a 64 per cent fall in consolidated net profit at Rs 132.09 crore for the quarter ended September. Its net profit stood at Rs 367.31 crore in the year-ago period. Total income decreased to Rs 2,677.9 crore in the second quarter of this fiscal from Rs 2,861.35 crore in the corresponding period of the previous year, it said in a regulatory filing.

“With the country gradually reopening, we are witnessing the revival of the chemical sector and customer demand. Our plant operations and capacity utilisation have gained momentum and are getting back to the pre-COVID levels,” Tata Chemicals Managing Director and CEO R Mukundan said.