InvestorQ : Why did Tata Chemicals report such a sharp fall in net profits for the Mar-20 quarter?
Katherine Gonsalves made post

Why did Tata Chemicals report such a sharp fall in net profits for the Mar-20 quarter?

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Rutuja Nigam answered.
8 months ago
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Tata Chemicals reported 48% fall in net profits at Rs.198 crore for the Mar-20 quarter. Total Revenues also fell 7% at Rs.2378 crore. Full year net profits of Tata Chemicals were down 12% at Rs.1028 crore. The COVID-19 pandemic impacted some of its operations and supply chains. As of now the company is focusing more on sustaining market demand and ensuring product supply, cash comfort, optimal capital expenditure and reduction in fixed costs.

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8 months ago
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Shutdown of business due to corona virus
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