Page 96 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

Performance Materials (Silica & Highly Dispersible Silica) Subsidiaries
FY 2019-20 marked the start of commercial production a. Basic Chemistry Products
and subsequent ramp-up of sales volume that was Tata Chemicals North America Inc., USA (‘TCNA’)
driven by the launch of several new product grades and i. Operations
expansion of customer base and distribution network.
The Company accelerated growth momentum in Sales trend of Basic Chemistry Products is as
FY 2020-21 and plans to further improve volumes by follows:
broadening and deepening its customer base and TCNA Sales Volume in '000 MT
delivering on supplies to the high value tyre and rubber 2,222 2,229
customers. 1,903
Nutrition Sciences
The Company stabilised its operations at its newly
commissioned, state-of-the-art greenfield facility in
Nellore, Andhra Pradesh. All important food safety
certifications like FSSAI, FSSC 22000, FAMI QS, Halal,
Kosher, etc. were achieved and it was awarded a Gold
rating in the IGBC green rating system for factories.
With the growth of the distribution network, the FY 2018-19 FY 2019-20 FY 2020-21
Company served customers across the globe, with Soda Ash
encouraging response from South East Asia and North
America. It was qualified by a few global accounts; few In FY 2020-21, the sales volumes of TCNA were
others are in the last stages of qualification and will be lower than the previous year by approximately
favourably concluded soon with this, the Company 15%, primarily on account of reduced demand
expects to increase its capacity utilisation. in the majority of its export markets.
ii. Financials ` in crore A part of the margin erosion due to this was
FY FY compensated by tight control on costs in order to
TCL India hold them at historical levels. This was
2020-21 2019-20
Revenue from operations 2,999 2,920 obviated by unusual extreme freeze which led
the sudden spike in gas prices from US$ 2
EBITDA 611 718
Dekatherm (‘DTHM’) to US$ 150 - US$ 175 DTHM
Profit before tax (PBT) 614 834 which impacted the Company by approximately
Profit after tax (PAT) 479 672 US$ 6 million.
The revenue grew 3% compared to the previous year ii. Financials ` in crore
led by higher salt volumes and pricing. Profit before TCNA FY FY
tax reduced by 26% compared to FY 2019-20 mainly 2020-21 2019-20
on account of the impact of drop in sales realisation in Revenue from operations 2,878 3,403
soda ash and sodium bicarbonate impacting the profit. EBITDA 351 762
Other reasons for lower PAT include (a) lower income PBT (170) 348
due to drop in yield on surplus investments and Profit after tax and
(b) higher depreciation on account of ongoing capex. non-controlling interest (197) 212

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