"The fertiliser business continues to be under pressure due to subsidy outstanding of Rs 1,479 crore. Our continued focus on improving operational performance has ensured better performance across geographies, along with strong performance of the Indian chemicals business. "The quarter under review witnessed strong performance of the chemicals and consumer business in India. MUMBAI: Tata Chemicals Group today reported 32.34 per cent growth in consolidated profit after tax at Rs 279.65 crore for the quarter ending June 30, compared with the same period last year.The company's PAT stood at Rs 211.31 crore in the corresponding period of 2015-16, Managing Director R Mukundan told reporters here.However, the revenue for the first quarter declined by 8.67 per cent to Rs 3,651.86 crore, against Rs 3,998.94 crore in the same quarter previous financial year. "However, we remain watchful of the volatility in the markets.

Source: Economic Times August 05, 2016 13:07 UTC