Tata Chemical substances Q3 Outcomes: A lack of Rs 21 crore in December quarter, income additionally falls by 3.8% – INA NEWS

Tata Chemical substances Q3 Outcomes: Tata Group firm Tata Chemical substances Restricted as we speak launched the outcomes of the third quarter of FY25 on 3 February. The corporate incurred a lack of Rs 21 crore within the October-December quarter. The primary motive for that is the autumn within the costs of soda ash and excessive prices within the US. Tell us that in the identical quarter of the final monetary 12 months, the corporate recorded a internet revenue of Rs 194 crore. The corporate’s shares have fallen by 2.03 per cent as we speak and this inventory has closed at Rs 944.90 on BSE. The corporate’s market cap is Rs 24,071.92 crore.

Income of Tata Chemical substances additionally decreased

The income of Tata Chemical substances declined by 3.8 per cent to Rs 3590 crore, in comparison with Rs 3730 crore in the identical interval of the earlier monetary 12 months. The corporate’s Ebitda declined by 19.9 per cent to Rs 434 crore within the third quarter of this monetary 12 months, which was Rs 542 crore in the identical quarter of the earlier monetary 12 months.

The Ebitda margin was 12.1% within the December quarter, in comparison with 14.5% in the identical interval of the earlier monetary 12 months. The gross debt of Tata Chemical substances was ₹ 6722 crore as of 31 December 2024, which is ₹ 810 crore greater than the earlier 12 months. On the identical time, internet debt elevated by ₹ 952 crore to ₹ 5329 crore, resulting from which the US, Kenya and India are required for low Ebitda and Increased Working Capital.

Tata Chemical substances Restricted has recorded an distinctive cost of ₹ 70 crore in Q3Fy25. This consists of the contingent prices related to the price of closing the Worker Termination Advantages, Plant and Equipment. The bills are associated to the closure of soda ash manufacturing on the Lostock Plant in Northwich, UK.

CEO assertion of Tata Chemical substances

Tata Chemical substances launched a 70 KTPA Pharma Salt plant within the UK in the course of the quarter. Soda Ash, Bicarbonate and Salt’s gross sales and manufacturing volumes had been increased than within the third quarter of FY 24. Tata Chemical substances managing director and CEO R. Mukundan mentioned, “Progress continues all through Asia, together with India, whereas the US and different markets together with western Europe are seeing a slight decline resulting from a lower in demand for flat and container glass.”