Tata Chemicals Ltd Share Price – NSE /  BSE

Chemicals, Small Cap

The company’s revenue from operations rose marginally to Rs 3,999 crore in Q2 FY25 as against to Rs 3,998 crore recorded in Q2 FY24.

Profit before tax stood at Rs 348 crore during the quarter, down 43.41% from Rs 615 crore posted in Q2 FY24.

During the quarter, EBITDA fell 24.52% to Rs 618 crore as compared to Rs 819 crore posted in Q2 FY24. EBITDA margin reduced to 15% in Q2 FY25 as against 20% recorded in the corresponding quarter previous year.

On segmental front, revenue from basic chemistry products stood at Rs 3,040 crore (down 2.59% YoY) while revenue from specialty products stood at Rs 962 crore, (up 9.56% YoY) in Q2 FY25.

The company’s consolidated gross debt as on 30 September 2024 stood at Rs 6,479 crore up by Rs 431 crore and net debt at Rs 5,190 crore up by Rs 843 crore, as compared to September 2023. This increase was attributed to lower EBITDA, higher working capital in the US, UK, and India, as well as the capitalization of leases.

R. Mukundan, MD & CEO of Tata Chemicals, said, “Overall demand for soda ash, in India was stable, while some segments like container glass in Americas and Europe experienced muted demand. Unprecedented heavy rains in July and August impacted Mithapur operations leading to lower production as compared to the previous quarter, thus impacting margins. However, Company’s overall performance was better as compared to previous quarter due to higher sales volume, coupled with higher realization of soda ash.

Our focus is on customer engagement and stable operations, while ensuring steady contribution margins with a focus on costs. We continue to work with our customers and other stakeholders on our sustainability and digitisation efforts.”

Tata Chemicals is a leading supplier of choice to Glass, Detergent, Industrial and Chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India.

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Net profit of Tata Chemicals declined 54.67% to Rs 194.00 crore in the quarter ended September 2024 as against Rs 428.00 crore during the previous quarter ended September 2023. Sales rose 0.03% to Rs 3999.00 crore in the quarter ended September 2024 as against Rs 3998.00 crore during the previous quarter ended September 2023.

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Tata Chemicals will hold a meeting of the Board of Directors of the Company on 17 October 2024.

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These listed, unsecured, rated, redeemable, taxable, non-cumulative, non-convertible debentures have a face value of Rs 1 lakh each, aggregating to Rs 1,700 crore, for a tenor of 3 years.

The NCDs have a fixed coupon rate of 7.81% and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt segment of National Stock Exchange of India (NSE).

Tata Chemicals is a leading supplier of choice to Glass, Detergent, Industrial and Chemical sectors. The company has a strong position in the crop protection business through its subsidiary company, Rallis India.

The chemical maker’s consolidated net profit from continuing operations declined 69.72% to Rs 175 crore in Q1 FY25 as compared to Rs 578 crore posted in Q1 FY24. The company’s revenue from operations fell 10.17% year-on-year (YoY) to Rs 3,789 crore for the quarter ended 30 June 2024.

The scrip rose 0.66% to Rs 1059.75 on the BSE.

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