07 August 2014

Tata Chemicals Limited (TCL) Q1 FY15 (First Quarter) Results : Standalone profit of Rs 91.44 crore

India's largest fertilizer producer Tata Chemicals Limited (TCL) has come out with its first quarter (Q1) financial results of fiscal FY14-15. Company's fertilizer business has posted an impressive growth in respect to the corresponding quarter of last year. The company has posted a profit before interest and tax (PBIT) of Rs 91.44 crore in Q1 (ending Jun 2014) of FY14-15 when compared with the same quarter Q1 (ending Jun 2013) of previous year FY13-14 which was Rs 51.97 crore.

The company has informed the share market (BSE/NSE) that the total sales has also increased in first quarter to Rs 790.84 crore from Rs 688.83 crore of the corresponding period of preceding year. The company has to receive subsidy outstanding of Rs 1686 crore from government which is a big concern for the company. This coupled with delay in fertilizer policy implementation continues to impact the cash flow and urea profitability.  

Tata Chemicals Limited (TCL) is  one of the largest chemical companies in India with significant operations in India and Africa. TCL's plant locations are at Mithapur (Gujarat), Babrala (UP), Nanded (Maharashtra), Haldia (West Bengal), Northwich, Cheshire (United Kingdom), East Hanover, New Jersey (United States) and Magadi (Kenya).

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01 August 2014

Tata Chemicals (TCL) plans to establish another SSP plant at Haldia fertilizers complex

India's largest fertilizer producer Tata Chemicals Limited (TCL) seeks permission to set up its 2nd unit of granular single super phosphate (SSP) plant at Haldia fertilizers complex in West Bengal in eastern India. The company has submitted an application to the Ministry of Environment and Forests (MOEF) for getting terms of reference (TOR) for the proposed 1000 tonnes per day (tpd) granulated SSP plant. The plant would be based on “Total H2SiF6 Recycle Process”.

In Haldia fertilizers complex, Tata Chemicals Limited (TCL) produces Chemicals and Crop nutrition fertilizers like  Sulphuric acid, phosphoric acid, sodium tripolyphosphate (STPP), Di-ammonium phosphate (DAP), NPK complexes and single super phosphate (SSP).

Single super phosphate (SSP) demand has increased in the market after the anouncement of  nutrient based subsidy (NBS) some time back. Fertilizer producers from government sector as well as private sector are establishing new plants to produce single super phosphate (SSP) to fullfill the demand of the market.
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31 July 2014

Coromandel International Q1 FY15 Results : Net profit boosts 76.44%

Murugappa Group company Coromandel International Limited (CIL) has posted an increase in its net profit by 76.44% to Rs 25.32 crore for the period Q1 (ending June 2014) of the current fiscal (FY14-15). In the corresponding last year's first quarter Q1 (ending June 2013), the profit was Rs 14.35 crore. Coromandel International Limited (CIL) was formerly known as Coromandel Fertilisers Limited. It produces a range of fertilisers of various grades. All products are marketed under the brand name "Gromor, Godavari, Paramfos, Parry Gold and Parry Super". Its products portfolio consists of fertilisers, pesticides and specialty nutrients.

The company informed the share market (BSE/NSE) that the total income/sales has increased to Rs 1685.41 crore from Rs 1644.08 crore of the corresponding last year's quarter. The increase in profit was facilitated by decrease in financing cost and increase in sale.

Share’s Data :-
BSE Code : 506395
Market Cap. : Rs 6,989.59 Crores
Coromandel International Ltd. share’s CMP is Rs 244.25  on 30th Jul 2014.

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