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Tata Chem net up 40 per cent to
Rs 165 cr in '00-01
The Economic Times — June
2, 2001
Despite reduction in allocations for fertiliser sales and
a major fire at one of its plants, Tata Chemicals has managed
to achieve a 40 per cent increase in net profit at Rs 164.9
crore for the year ended March 31, ’01 against Rs 117.2
crore in the same period last year. Total income of the company
was at Rs 1,734.1 crore as compared with Rs 1,658.8 crore
in the previous year. Gross profit was at Rs 571.1 crore as
compared with Rs 574.6 crore while interest for the year was
at Rs 162.1 crore against Rs 184.1 crore, depreciation was
at Rs 132.8 crore against Rs 123.4 crore. The company board
recommended a dividend of Rs 5 per share. Total expenditure
during the year was at Rs 1,162.9 crore against Rs 1,084 crore
in the previous year. The company’s reserves (excluding
revaluation reserves) stood at Rs 1,761.4 crore against Rs
1,512 crore.
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