New Delhi : Tata Chemicals reported narrowing of net loss to Rs 74.17 crore in January-March quarter of FY 2014-15, helped by growth in soda ash and salt business besides rise in pulses volume.
The company had posted a net loss of Rs 1,225.72 crore in January-March quarter last year, Tata Chemicals, a Tata group firm, said in a BSE filing. Total income rose to Rs 3,765.38 crore.
Tata Chemicals also informed that the board has recommended a dividend of 100 per cent (Rs 10 per ordinary share) for 2014-15 and a special dividend of 25 per cent (Rs 2.50 per ordinary share) on the occasion of the company’s platinum jubilee year, aggregating 125 per cent (Rs 12.50 per ordinary share).
Continued focus on expansion of branded products portfolio and market penetration helped consumer products business achieve sales turnover of Rs 1,520 crore in FY15, a jump of 15 per cent over previous year, Tata Chemicals Managing Director R Mukundan said.
