Page 109 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
REPORTS
STATEMENTS
Management Discussion
& Analysis
ii. Financials (continuing operations) ` in crore ii. Financials (continuing operations) ` in crore
FY FY FY FY
TCNA (USA) TCE Group (UK)
2021-22 2020-21 2021-22 2020-21
Revenue from operations 3,688 2,878 Revenue from operations 1,949 1,409
EBITDA 787 351 EBITDA 118 138
PBT (85) (40)
PBT 338 (170)
PAT (85) (56)
Profit after tax and
non-controlling interest 270 (197) The revenue grew 38% compared to the previous
year led by higher salt and sodium bicarbonate
The revenue increase is a mixture of volume revenue along with steady soda ash revenues.
increase in export and domestic segments and PAT reduced due to impact of higher carbon
price recovery in exports. price, higher fixed costs, higher depreciation and
certain one-off tax related charges.
TCE Group Limited, UK (‘TCE Group’)
Tata Chemicals Magadi Limited, Kenya (‘TCML’)
i. Operations
i. Operations
Sales trend of Basic Chemistry Products is as
follows: Sales trend of Basic Chemistry Products is as
follows:
TCE Group Sales Volume in ‘000 MT
TCML Sales Volume in ’000 MT
385 367
287 266 277 358 318
251
108 114 111 233

FY 2019-20 FY 2020-21 FY 2021-22

Soda Ash Sodium Bicarbonate Salt
FY 2019-20 FY 2020-21 FY 2021-22
TCE catered to 50% of the UK market demand of
soda ash from its manufacturing operations at Soda Ash
Lostock. All input costs rose strongly particularly Soda ash is the key product in TCML portfolio,
in the second half of the year. The Company mainly servicing the container glass and silicate
engaging with its customers was able to secure sectors in the East African domestic market and
mid-year price increases to cope with these export markets in SEA and Indian subcontinent.
unprecedented cost pressures.
ii. Financials (continuing operations) ` in crore
The UK salt volumes in FY 2021-22 were stable FY FY
vs FY 2020-21 with some growth in volumes in TCML (Kenya) 2021-22 2020-21
the second half as COVID-19 restrictions were Revenue from operations 577 413
lifted. The new power plant at salt is now fully EBITDA 143 62
operational and has already increased energy PBT 94 20
efficiency and lowered carbon emissions by 12%.
PAT 94 20
The UK sodium bicarbonate business had a good The revenue increased by 40% compared to the
year including the full commissioning of the new previous year on account of better realisations
CCU plant which is now providing European due to favourable market demand. Hence,
Industrial Gases Association (EIGA) standard CO PAT improved by ` 74 crore. A tight control on
2
requirements for high grade sodium bicarbonate costs and especially lowering of fixed cost
production and has also reduced emissions by coupled with higher realisations resulted in better
over 10% in the process. EBITDA.

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