Tata Chemicals said its net income remained flat at Rs2,628.83 crore during the January-March quarter of 2017-18 financial year against Rs2,668.72 crore in the year-ago period. Photo: MintNew Delhi: Tata Chemicals on Friday posted nearly four-fold jump in consolidated net profit at Rs1,168.60 crore for the fourth quarter of 2017-18 largely on the back of exceptional gains from sale of its urea business to Yara Fertilisers India. Net profit stood at Rs310.64 crore in the same quarter of previous fiscal, the company said in a regulatory filing. Tata Chemicals said its net income remained flat at Rs2,628.83 crore during the January-March quarter of 2017-18 financial year against Rs2,668.72 crore in the year-ago period. However, the company reported a net exceptional gain of Rs1,266.72 crore on account of sale of its urea business to Yara Fertilisers India.

Source: Mint May 18, 2018 13:41 UTC