Tata Chemicals posted its earnings for the quarter ended September on Thursday evening after market close.
What Happened: The company’s net profit for the July-September period came in at ₹194 crore, down over 54% from the ₹428 crore profit reported in the same quarter last year.
Revenue from operations came in flat at ₹3,999 crore, compared to the ₹3,998 crore posted in the same quarter last year. EBITDA for the quarter came in at ₹615 crore with an EBITDA margin of 15.5%.
See Also: Tata Communications Shares Slip Further As Q2 Profit Inches Up To ₹227 Cr
For the quarter ended September 30, 2024, the Basic Chemistry Products segment reported revenue of ₹3,040 crore, down from ₹3,121 crore in the same quarter last year, but slightly higher than the ₹2,972 crore in the previous quarter ended June 30, 2024.
Revenue from Specialty Products stood at ₹962 crore for Q2 FY25, which shows growth compared to ₹819 crore in the previous quarter and ₹878 crore in the same quarter last year.
Price Action: Tata Chemical’s share price was down 2.41% to close at ₹1,073.85 on Thursday.
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