*Tata Chemicals* posted a marginal rise of 0.09% in consolidated net profit for quarter ended December 2008 to Rs 911.80 million where as the same was at Rs 910.90 million for the quarter ended Dec. 31, 2007.
The consolidate net sales figure showed a rise of 2.03 times at Rs 35,399.5 million for quarter ended Dec.31, 2008 as against Rs 17,415.6 million for the quarter ended Dec. 31, 2007, due to the acquisition of US based General Chemicals Industrial Products (GCIP). The company disclosed a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 95.35% to Rs 58.30 million from Rs 1,254.80 million in the same quarter previous year. Net sales for the quarter rose 2.09 times to Rs 25,658.50 million, while total income for the quarter jumped 2.07 times to Rs 25,663.60 million, when compared with the prior year period. The company reported earnings of Rs 0.25 a share during the quarter, registering 95.55% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 25,658.50 12,240.30 109.62 *Net Profit* 58.30 1,254.80 (95.35) *Basic EPS* 0.25 5.62 (95.55) During the quarter, the operating margin of the company dropped to 3.57% compared with 17.08% in the previous year period. Interest cost increased 11.25 times to Rs 437.50 million while depreciation cost rose 2.33% to Rs 381.60 million over previous year period. The results for the quarter ended Dec. 31, 2008 are not comparable with the corresponding quarter of the previous year due to acquisition of General Chemicals Industrial Products (GCIP) completed on Mar. 27, 2008. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
