New Delhi: Tata Chemicals on Wednesday reported 32% increase in its consolidated net profit at Rs318.39 crore for the quarter ended December despite lower sales. Its net profit stood at Rs241.84 crore in the year-ago period, the company said in a filing to the BSE.

Income from operations, however, fell to Rs3,494.8 crore in the third quarter of this fiscal from Rs 3,991.25 crore in the corresponding period of previous year. Total income decreased to Rs3513.15 crore during October-December period of this fiscal from Rs4,004.32 crore in a year ago.

During April-December period of this fiscal, the company’s net profit rose to Rs891.08 crore from Rs745.95 crore in the corresponding period of the previous year.

The company’s income from operations, however, fell to Rs10,286.59 crore in the first nine months of this fiscal from Rs11,655.03 crore in the year-ago period.

Tata Chemicals, a Tata group company, is engaged in manufacturing of chemicals, salt and fertilisers. It also sells pulses and spices under Tata Sampann brand. The firm is also into water purifier business. IANS