Mumbai : Tata Chemicals reported a marginal drop in profit after tax (PAT) at Rs 254.94 crore in the second quarter ended September and said an uneven and deficit monsoon impacted its fertiliser and other agri-input businesses. Total income rose by 4% to Rs 4,996.92 crore. Tata Chemicals Managing Director R Mukundan said, “The quarter saw the chemicals and consumer business portfolio registering satisfactory numbers. The marked improvement in chemicals business has been a reflection of the improved performance at Magadi (plant in Kenya).”
In the fertiliser business, the subsidy outstanding is Rs 1,005 crore as on September 30, 2015, and still remains a challenge, he said.
