New Delhi, Jul 31 (PTI) Tata Chemicals on Friday posted a 67.23 per cent drop in its consolidated net profit at Rs 74.15 crore for the June quarter due to poor sales.

The company had posted a net profit of Rs 226.33 crore in the year-ago quarter, according to a regulatory filing.

Also Read | PUBG Mobile Changes Its Privacy Policy, Claims to Store Indian Users' Data Locally.

Net income for the quarter under review declined by 9.88 per cent to Rs 2,406.82 crore from Rs 2,670.90 crore in the corresponding quarter previous of the preceding fiscal.

In proportion to decline in the net income, the company's total expenses decreased by only 1.28 per cent to Rs 2,296.17 crore from Rs 2,325.91 crore in the year-ago period, the filing said.

Also Read | Beware! Fake Oximeter Apps Used by Cybercriminals to Con People During COVID-19.

Shares of the company settled lower by 1.39 per cent at Rs 305.60 apiece on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)