Tata Chemicals Q1 results: Net profit at Rs. 74 crores
Mumbai: To begin with, Tata Chemicals reported its Q1 results. So then, the net profit of the firm dropped by 68% at Rs. 74 crores in the June 2020 quarter. Earlier, in the previous year, it stood at Rs. 231 crores.
On the other hand, the income from operations of the company dropped by 9% at Rs. 2,348 crores. Comparatively, in the previous year, it stood at Rs. 2,584 crores.
Besides, the company focused on product supply, cash position, optimal CAPEX, and calibrated fixed costs to build up the profits. However, during the present quarter, due to the pandemic, the firm witnessed a drop in material exchange.
July 31st Stock Market Details:
On July 31st, both the Sensex and the Nifty traded at a bearish trend in the stock market. The Sensex lost 129.18 points and reached 37,606.89 levels with a 0.34% loss. On the other side, the Nifty lost 28.70 points and reached 11,073.45 levels with a 0.26% loss.
In the border market, the S&P BSE Midcap index gained 49.39 points with a 0.36% profit and reached 13,759.11 levels. Also, the S&P BSE Smallcap index gained 105.49 points with a 0.82% profit and reached a 13,021.76 level.
Besides, as of August 1st, the number of confirmed COVID-19 cases across India has reached 16,95,988. Also, the number of deaths in the country has reached 36,511.