Tata Chemicals reported strong Q3 results, with total income from operations for the quarter ending December 31 2016 on a consolidated basis standing at Rs. 3,495 crores and net profits increasing by 33% to Rs 264 crores, compared to the same quarter the previous year.

The company has cut its debt - net standalone debt on 31st December 2016 was Rs. 1,318 Cr against Rs 2,937 crore at the beginning of this financial year. The company is, despite the subsidy impact in fertilizer, seeing better margins due to change in sales mix and lower input cost in phosphate.