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Tata Chemicals reports 32% rise in Q4 consolidated net profit

Tata Chemicals has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a rise of 43.83% in its net profit at Rs 160.96 crore for the quarter ended March 31, 2017 as compared to Rs 111.91 crore for the same quarter in the previous year. However, total income of the company decreased by 24.74% at Rs 1403.66 crore for quarter under review as compared to Rs 1864.96 crore for the quarter ended March 31, 2016.

On consolidated basis, the company has reported a rise of 31.82% in its net profit at Rs 343.02 crore for the quarter ended March 31, 2017 as compared to Rs 260.21 crore for the same quarter in the previous year. However, total income of the company decreased by 14.89% at Rs 3079.47 crore for quarter under review as compared to Rs 3618.14 crore for the same quarter ended previous year.

For the year ended March 31, 2017, the company has posted a rise of 3.98% in its net profit at Rs 692.71 crore as compared to Rs 666.20 crore in FY16. However, total income of company decreased by 23% at Rs 6647.84 crore for year under review as compared to Rs 8633.87 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 22.65% in its net profit at Rs 1234.10 crore as compared to Rs 1006.16 crore in the previous year. However, total income of the company decreased by 12.32% at Rs 13455.04 crore for quarter under review as compared to Rs 15345.49 crore for the same quarter ended previous year.

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