Tata Chemicals reported their first quarterly result for the financial year 2019 with a net consolidated profit of Rs. 270 crores, marking a 14% rise in profit levels as compared to Rs. 236.5 crores earned during the corresponding period of the previous fiscal year.

The company also recorded a total consolidated revenue at Rs. 2860.77 crores during the quarter under review, posting an 11.9% year-on-year increase as the revenue for the previous year same quarter stood at Rs. 2546 crores.

The company’s total standalone revenue from operations stood at Rs. 996 crores whereas the net standalone profit was reported at Rs. 255.9 crores, resulting in a 7.6% rise in revenue and 59.3% rise in profit, year-on-year basis.

Tata Chemicals sales mix comprised of Basic Chemistry 65% (up by 3%), Consumer product 15% (up by 33%), Speciality product 20% (up by 25%).

The company said in a statement, “Our Basic Chemistry products business registered a robust performance on the back of improved operational efficiencies, a better sales mix, and better realization.” The company also said that the Consumer products reported higher growth on the back of Tata Salt, and in the long term, aims for 50% of revenue from these two segments.