Tata Chemicals' Q1 Net Profit Drops 67% To Rs 74 Cr Due To Poor Sales
Tata Chemicals on Friday posted a 67.23 per cent drop in its consolidated net profit at Rs 74.15 crore for the June quarter due to poor sales.
The company had posted a net profit of Rs 226.33 crore in the year-ago quarter, according to a regulatory filing.
Net income for the quarter under review declined by 9.88 per cent to Rs 2,406.82 crore from Rs 2,670.90 crore in the corresponding quarter previous of the preceding fiscal.
In proportion to decline in the net income, the company'stotal expenses decreased by only 1.28 per cent to Rs 2,296.17 crore from Rs 2,325.91 crore in the year-ago period, the filing said.
Shares of the company settled lower by 1.39 per cent at Rs 305.60 apiece on the BSE.
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more
Bank Of London Continues To Rebuild
ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more
JPMorgan's Berlin Moment: Chase Takes On Europe
There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more
What Strategy's Bitcoin Sale Really Tells Us
There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more