Tata Chemicals announces financial results for the quarter and year ended on March 31, 2022

• Consolidated Income from Operations for the year FY2022 stood at Rs12,622 crore, up by 24 percent
• Consolidated PAT from continuing operations for the year FY2022 stood at   Rs 1,400 crore, up by 221 percent
• Dividend declared at Rs12.50 per share

April 29, 2022: Tata Chemicals today declared its financial results for the quarter and full-year ended on March 31, 2022. The Company reported income from operations for the quarter on consolidated basis at Rs 3,481 crore, up by 32 percent as compared to Rs 2,636 crore of the corresponding quarter of last year. Consolidated PAT from continuing operations for the quarter was at Rs 470 crore as compared to Rs 29 crore for the corresponding quarter of last year. The operating performance reflects   higher volumes, realisations, and favorable market conditions. These results have been achieved in the context of a challenging input cost and energy environment.

On a standalone basis, for the full year, the income from operations rose by 24 percent to Rs3,721 crore, as compared to Rs2,999 crore as compared to FY2021. PAT on a standalone basis stood at Rs787 crore, up by 64 percent, as compared to Rs479 crore for the corresponding last year.

On a consolidated basis, for the full year, the income from operations stood at Rs12,622 crore, as compared to Rs10,200 crore as compared to FY2021. PAT on a consolidated basis stood at Rs1,400 crore, up by 221 percent, as compared to Rs436 crore for the corresponding last year.

Consolidated gross debt stood at Rs 7,025 crore, as compared to Rs 6,933 crore as on March 31, 2021. Also, cash & cash equivalents stood at Rs 2,791 crore, as compared to Rs 3,105 crore as on March 31, 2021.

Commenting on the results, R. Mukundan, managing director and CEO, Tata Chemicals , said, “While the global demand environment continues to be positive across our products and their applications, the supply side environment especially energy and input costs remain at elevated levels along with logistic challenges that continue to be seen in the market. The team has responded well to ensure customers are served with agility. The focus has been to ensure sustained and consistent volume deliveries to customers. We continue our long-term focus on excellence by leveraging digitalization and sustainability. In addition to operational excellence, we continue to focus on executing the Phase I growth capex in India. The company has further planned for Phase II capacity expansion of soda ash (300 kt) and bicarb (70kt) and specialty silica capacity by 50kt for a capex outlay of Rs 2,000 crore in India.”

Standalone Highlights Q4 FY22

• Standalone Revenue from operations stood at Rs 1,115 crore, up 33 percent, as compared to Rs 841 crore in  Q4 FY20-21
• Standalone Profit before tax from continuing operations was Rs 315 crore and Profit After Tax was  Rs 268 crore
• Demand for soda ash and Bicarb is expected to remain firm
• Salt volumes continue to grow on a yearly basis

Consolidated Highlights Q4 FY22

• Consolidated Revenue from operations stood at Rs 3,481 crore, up 32 percent, as compared to Rs 2,636 crore  in Q4 FY20-21
• Consolidated Profit before tax from continuing operations was Rs 513 crore and Profit After Tax was  Rs 470 crore
• Company’s net debt as on March 31, 2022, remained at Rs 4,233 crore
• Production volumes remain strong and at historic highs in the US unit
• Cost environment is challenging and likely to stay at elevated levels in the near term
• Rallis continues its growth capex investments while focusing on the launch of new products and reducing dependence on imported intermediates