Latest news with #R.Mukundan
Economic Times
08-05-2025
- Business
- Economic Times
Tata Chemicals shares rise 2% after Q4 net loss narrows to Rs 56 crore
Tata Chemicals shares climbed as much as 2.2% on Thursday to Rs 844.3 on the BSE after the company reported a consolidated net loss of Rs 56 crore for the quarter ended March 31, significantly lower than the Rs 850 crore loss in the same period last year. ADVERTISEMENT Revenue for the March quarter rose marginally by 1% year-on-year (YoY) to Rs 3,509 crore, compared to Rs 3,475 crore in Q4FY24, amid continued pricing pressure across geographies. EBITDA declined 26% YoY to Rs 327 crore from Rs 443 crore in the year-ago quarter. The EBITDA margin also contracted to 9.3% from 13.8%, driven by rising costs. The company's board has recommended a dividend of Rs 11 per share (110%) for FY25, subject to shareholder approval at the 86th Annual General Meeting (AGM). If approved, the dividend will be paid within five days of the AGM, after deducting applicable taxes. Also Read:5 timeless Warren Buffett quotes every investor should know Tata Chemicals' board has also approved a proposal to raise up to Rs 200 crore through term loans and/or the issuance of non-convertible debentures (NCDs) via private placement. An internal committee has been authorised to finalise the terms and execute the plan. ADVERTISEMENT R. Mukundan, Managing Director & CEO of Tata Chemicals, said, 'Market conditions remain challenging even as India continues to grow, while China, the US, and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and the Americas (excluding the USA) have robust demand, while a slight decline is observed in Africa.''Though the demand-supply balance is softening, tariff uncertainties will continue to weigh on the market. However, the medium- and long-term outlook remains positive, driven by sustainability trends,' he added. ADVERTISEMENT Also Read: Stocks in news: L&T, Titan, Asian Paints, Coal India, Dabur, Kfin Tech ADVERTISEMENT According to Trendlyne data, the average target price for the stock is Rs 826. The consensus recommendation from seven analysts is a 'Sell'.On Wednesday, Tata Chemicals shares closed 1.25% higher at Rs 826.3 on the BSE, while the Sensex rose 0.13%. The stock is down 20% year-to-date and 26% over the past six months. The company's market capitalisation stands at Rs 21,050 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
07-05-2025
- Business
- Business Standard
Tata Chemicals Q4 results: Net loss of ₹67 cr, income dips at ₹3,589 cr
Tata Chemicals Ltd on Wednesday reported a consolidated net loss from continuing operations at Rs 67 crore for the quarter ended March. Its net loss stood at Rs 818 crore in the year-ago period. Total income fell marginally to Rs 3,551 crore in the fourth quarter of the last fiscal from Rs 3,589 crore in the corresponding period of the previous year, according to a regulatory filing. During 2024-25 fiscal, the company's net profit declined to Rs 354 crore from Rs 449 crore in the preceding year. Total income also declined to Rs 15,112 crore last fiscal from Rs 15,707 crore in 2023-24. Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals, said, "Market conditions remain challenging even as India continues to grow while China, US and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and Americas (excluding USA) demand is robust, while slight decline is observed in demand of Africa, he added. "Though demand-supply balance softens, tariff uncertainties will continue to weigh on market, medium- and long-term outlook remains positive driven by sustainability trends," Mukundan said. The company's overall performance is lower compared to Q4FY24, mainly due to pricing pressure in all geographies, he said. Tata Chemical said its loss after tax (before exceptional items and NCI) from continuing operations at Rs 12 crore during January-March quarter compared to Rs 145 crore in the year-ago period. "Soda Ash unit in Lostock, UK ceased its operations from early February 2025, resulting in an additional exceptional charge of Rs 55 crore," it said. During 2024-25, the company's profit after tax (before exceptional items and NCI) from continuing operations stood at Rs 479 crore. "Exceptional charge of Rs 125 crore consisting of estimated expenses related to employee termination benefits, decommissioning of plant and machinery, and other closure-related incidental expenses, in relation to cessation of Soda ash production at the Lostock plant in Northwich, UK," it added. A part of over USD 165 billion Tata Group, Tata Chemicals Limited, is a leading supplier to glass, detergent, industrial and chemical sectors. The company has a strong presence in the crop protection business through its subsidiary company, Rallis India Ltd.
