Tata Chemicals, an Indian global company dealing with chemicals, crop protection and specialty chemical products, recently revealed its financials for the quarter ending June 2020.

As per the results, the company’s standalone net profit slid by 47% to Rs.

109 crore in Q1 June 2020 compared with Rs 206 crore in Q1 June 2019.

Revenue from the chemical products segment fell to INR 612.09 crore as against INR 703.39 crore in the last quarter.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/tata-chemicals-stock-price-rise-for-three-consecutive-days-margins-from-the-soda-ash-vertical-stepping-up-in-the-domestic-market-1330However, the company’s shares rose for the third consecutive day by about 10% on Thursday i.e.

Despite unprecedented slowdown in several downstream sectors, the company continued the production and supply of the essential commodities, eagerly adopting the new normal with the aim to keeping itself well positioned in the market and preserve its gross margins.

During Q1FY21, the company continued to produce salt without disruption while the production of Soda Ash and Sodium Bicarbonate showed improvement post the initial phases of lockdown due to restart in downstream operations.