Page 101 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 Management Discussion and Analysis 147-300

7. Financial Performance
(a) Standalone performance for the year ended March 31, 2021
` in crore
FY FY %
Particulars Change Remarks
2020-21 2019-20 Change
Revenue from operations 2,999 2,920 79 3 Basic Chemistry Products:
Lower volumes of soda ash and lower realisation was
compensated by higher volumes of salt. Revenue
from sale of new cement variant contributed to higher
revenue for the Company.
Specialty Products:
Due to increase in volume of products related to
Nutrition Sciences and Silica.
Other income 219 309 (90) (29) Other income has decreased mainly on account of
lower interest on investments and lower dividend
income from non-current investments.

Cost of materials consumed 600 542 58 11 Cost of materials is higher due to higher input costs of
raw materials and higher salt volumes.
Purchases of stock-in-trade 153 94 59 63 Purchases of stock-in-trade increased mainly on
account of higher demand for Basic Chemistry
Products and Nutrition Science related business.
Power & fuel 489 555 (66) (12) The decrease in power and fuel cost is mainly on
account of decrease in price of coal and other variants.
Employee benefit expenses 250 250 - - Employee costs have remained constant and no change
compared to FY 2019-20.
Freight and forwarding charges 423 390 33 8 Freight and forwarding charges have increased majorly
due to higher sales volumes of salt, nutrition business
and silica products.
Finance cost 19 43 (24) (56) Finance costs decreased due to repayment of External
Commercial Borrowings (ECB) and Non-Convertible
Debentures (NCD) in FY 2019-20.

(b) Standalone Balance Sheet Analysis
i. Investments ` in crore
FY FY %
Particulars Change
2020-21 2019-20 Change
Investments in equity instruments in subsidiaries 3,606 3,606 - -
Investment in joint venture 336 336 - -
Investment in preference shares in subsidiaries 815 815 - -
Investment in other companies 3,147 1,904 1,243 65
Investments in NCDs 150 - 150 100
Investment in mutual funds 1,282 1,301 (19) (1)
Total 9,336 7,962 1,374 17

Increase in the value of investments in other companies is mainly due to changes in fair value of investments.

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