Page 62 - Tata_Chemicals_yearly-reports-2019-20

` 1 each of tata Consumer products limited, which are listed on increased from ` 1,780.46 crore in FY 2018-19 to ` 1,949.17 crore
BSe limited, the national Stock exchange of India limited and the in FY 2019-20, an increase of 9%. profit before tax from Continuing
Calcutta Stock exchange limited. operations decreased from ` 1,437.26 crore in FY 2018-19 to
` 1,248.06 crore in FY 2019-20, decrease of 13%. profit after tax
Merger of Bio Energy Venture-1 (Mauritius) Pvt. from Continuing operations decreased from ` 1,162.82 crore in
Ltd. FY 2018-19 to ` 1,028.41 crore in FY 2019-20, decrease of 12%.
the Board of directors of the Company at its Meeting held on profit for the year (Continuing operations and discontinued
March 22, 2019 approved the Scheme of Merger by absorption operations) increased from ` 1,386.85 crore in FY 2018-19 to
between the Company and Bio energy Venture-1 (Mauritius) ` 7,228.15 crore in FY 2019-20 (includes exceptional post-tax gain
pvt. ltd. (‘Bio-1’), a wholly owned subsidiary of the Company of ` 6,168.40 crore relating to discontinued operations). profit
(‘Scheme’). the nClt, Mumbai Bench, on april 23, 2020, sanctioned for the year attributable to equity shareholders of the Company
the Scheme, with the appointed date of april 1, 2019. the Scheme increased from ` 1,155.91 crore in FY 2018-19 to ` 7,006.33 crore in
is subject to the approval of the regulatory authorities at Mauritius. FY 2019-20 (includes exceptional post-tax gain of ` 6,168.40 crore
relating to discontinued operations).
In accordance with Ind aS 103, the Financial Statements of the
Company for the previous periods have been restated with effect Business Segments
from april 1, 2018, being the earliest period presented. Further, In view of the demerger of CpB, the Company now has two
the impact of merger of Bio-1 on the Financial Statements of the business segments: (i) Basic Chemistry products and (ii) Specialty
Company as on March 31, 2020 is immaterial. products.

Transfer to Reserves 1. Basic Chemistry Products
the Board of directors has decided to retain the entire amount of 1.1 India Operations
profits for FY 2019-20 in the retained earnings.
For FY 2019-20, revenues from the Basic Chemistry products
Deposits from Public business dropped by 7.65% to ` 2,836.91 crore as against
` 3,071.92 crore in the previous year. profit before tax (pBt)
the Company has not accepted any deposits from public and as for FY 2019-20 was ` 819.20 crore as against ` 762.48 crore in
such, no amount on account of principal or interest on deposits the previous year, which is higher by 7.44%.
from public was outstanding as on the date of the Balance Sheet.
In FY 2019-20, despite economic headwinds, Indian
Performance Review & State of Company’s Affairs Chemicals operations achieved noteworthy performance.
Standalone: the economic slowdown which had begun at the beginning
the Standalone revenue from Continuing operations was of the year exacerbated with the unfortunate outbreak
` 2,920.29 crore for FY 2019-20 as against ` 3,121.25 crore for of the Covid-19 pandemic in India and around the globe.
FY 2018-19, down by 6%. earnings before interest, tax, depreciation However, the demand for salt and its volumes were not
and amortisation (‘eBItda’) from Continuing operations increased affected and continued its growth journey. the extended
from ` 686.64 crore in FY 2018-19 to ` 718.04 crore in FY 2019-20, monsoon and consequent flooding in FY 2019-20 affected
an increase of 5%. profit before tax from Continuing operations the salt production and kept the detergent demand muted.
decreased from ` 860.48 crore in FY 2018-19 to ` 834.32 crore Increase in volume from domestic and imports amidst
in FY 2019-20, decrease of 3%. profit after tax from Continuing slowing demand from end segments led to a little overhang
operations increased from ` 630.81 crore in FY 2018-19 to in the market and put pressure on prices. profitability was
` 671.82 crore in FY 2019-20, an increase of 7%. profit for the year maintained as lower realisation on sales was supported by
(Continuing operations and discontinued operations) increased savings in fuel costs, specific raw material consumption and
from ` 854.84 crore in FY 2018-19 to ` 6,840.22 crore in FY 2019-20 relentless focus on cost and operational excellence.
(includes exceptional post-tax gain of ` 6,168.40 crore relating to the Company achieved record production volume for salt
discontinued operations). and sodium bicarbonate. domestic sales of soda ash were
under pressure due to the muted demand scenario which
Consolidated: resulted in a marginal drop in sales volume compared to the
the Consolidated revenue from Continuing operations was previous year. Cement production and sales were affected
` 10,356.75 crore for FY 2019-20 as against ` 10,336.72 crore for due to market demand and maintenance issues of the
FY 2018-19, up by 0.2%. eBItda from Continuing operations cement mill motor.

60 I Integrated annual report 2019-20