Tata Chemicals Q2 net profit up 52% at Rs 273 crore

Tata Chemicals on Monday reported 52% increase in consolidated net profit to Rs 273 crore for the September quarter of the current fiscal, reports PTI from New Delhi.

Its net profit was Rs 180 crore in the July-September quarter of last fiscal, 2016-17.

Tata Chemicals' income from operations fell marginally by 0.7% to Rs 3,462 crore in the second quarter of 2017- 18, the company said in a statement. "Consequent to implementation of Goods and Service Tax (GST) from July 1, 2017, net income from operations is net off GST," it added. The outstanding subsidy receivable stood at Rs 1,228 crore at the end of second quarter.

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