Latest news with #TataChemicals
Mint
2 days ago
- Business
- Mint
Tata Chemicals' domestic business saves the day in Q1 amid global market pressure
Tata Chemicals Ltd's consolidated Ebitda rose 13% year-on-year in the June quarter (Q1FY26) to ₹649 crore aided by lower input costs. The growth comes on a low base, given Ebitda had declined 45% in Q1FY25 and 31% in FY25. However, the Ebitda is still 38% below the Q1FY24 figure. Put together, Q1FY26 Ebitda margin expanded 240 basis points (bps) year-on-year to 17.5%. While the domestic business Ebitda growth was 24%, two of the three overseas regions of US, UK and Kenya, reported an Ebitda decline. The three regions contributed 46% of consolidated Q1 revenue of ₹3,700 crore, which is almost 2% down year-on-year due to muted volumes. The market for soda ash, Tata Chemicals' key product, remains under pressure with excess global capacity, although the Indian market continues to be steady. Domestic soda ash and sodium bicarbonate, an intermediate product for soda ash production, volumes grew 19% and 38%, respectively, thanks to fresh capacities commissioned in H2FY25. Also Read: This chemicals maker is betting on a gasoline boost to ease its margin pain Overseas businesses volume fell due to delayed shipments and the closure of the loss-making soda ash unit in the UK in Q4FY25. While the UK's revenue declined 28% year-on-year, Ebitda margin jumped over 500 bps to 8.5%. The closure of the UK plant would help Tata Chemicals achieve an incremental Ebitda of ₹600 crore in FY26, as per the management, which translates into over 30% year-on-year growth. Higher volumes from domestic capacity expansion and cost-saving initiatives would be other drivers for Ebitda. The UK business is expected to get another boost to its profitability and revenue with the commissioning of a 70 kilo tonne per annum (ktpa) plant for production of pharma grade salt in Q1 and in-house production of carbon dioxide gas. The plant is going through the process of qualification with customers and should get an approval in H2FY26. However, it has put a pause on its US expansion plans until the market recovers. Also Read: SRF pushes the pedal on capex amid potential demand revival While the stock is about 13% down in the past one year, it has gained 26% from its 52-week low of ₹756 on 3 March after the closure of its UK plant. The stock trades at an EV/Ebitda of 13.5x for FY26 estimates, shows Bloomberg data. Robust growth in consuming industries of solar cells and electric vehicles aids Tata Chemicals outlook, but sustained earnings growth is crucial for the stock. Investors will also keep a tab on plant closure announcements across the globe that can help the industry consolidate.
Business Upturn
2 days ago
- Business
- Business Upturn
Motilal Oswal maintains neutral on Tata Chemicals, raises target to Rs 970 on stable India-UK ops and cautious global outlook
By News Desk Published on July 28, 2025, 08:56 IST Motilal Oswal Financial Services (MOSL) has maintained a Neutral rating on Tata Chemicals, while raising the target price to ₹970 from ₹950. The revised target implies a modest upside from the current market price of ₹946.55. The brokerage highlighted that the company's India and UK operations are driving its overall operating performance. Tata Chemicals has guided for an annual maintenance capex of ₹1,000 crore in FY26 to support its ongoing operations. MOSL noted that the soda ash segment continues to face a soft demand-supply balance, compounded by tariff-related uncertainties in global trade. Overcapacity remains a key concern, especially with the presence of unviable global supply sources. However, the brokerage pointed out that potential long-term maintenance shutdowns at a major Chinese plant could help rebalance global supply dynamics, providing support to market conditions in the medium to long term. Disclaimer: This article is based on Motilal Oswal's brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions. Ahmedabad Plane Crash News desk at
Time of India
2 days ago
- Business
- Time of India
Tata Chemicals shares in focus after Q1 profit surges 68% YoY to Rs 252 crore
Synopsis Tata Chemicals shares will be in focus after the company reported a 68% YoY jump in Q1 FY26 consolidated net profit to Rs 252 crore, aided by lower costs. EBITDA rose 13% to Rs 649 crore, while operating margin improved to 17.5%. However, revenue from operations dipped 1.8% YoY to Rs 3,719 crore, though it rose sequentially by 6%.
Economic Times
2 days ago
- Business
- Economic Times
Stocks in news: IndusInd Bank, Adani Green, Kotak Bank, NTPC Green, Ola Electric
Tata Chemicals reported a sharp 68% year-on-year rise in consolidated net profit for the quarter ended June 2025, with earnings climbing to Rs 252 crore. Indian markets closed lower for the fourth consecutive week amid mixed signals. Several companies like IndusInd Bank and Adani Green remained in focus due to Q1 results. IDFC First Bank, Kotak Mahindra Bank, and SBI Cards reported profit declines. Tata Chemicals saw a significant profit increase. Alembic Pharma received US FDA approval. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets ended lower for the fourth straight week as caution prevailed amid mixed cues. In today's trade, shares of IndusInd Bank Adani Green , Kotak Bank, NTPC Green Ola Electric among others will be in focus due to various news developments and first quarter Adani Green , IndusInd, Waaree Energies, Adani Total Gas, Mazagon Dock, RailTelShares of BEL, Adani Green, IndusInd, Waaree Energies, Adani Total Gas, Mazagon Dock and RailTel will be in focus as the companies will announce their first quarter results. IDFC First Bank has reported a 32% YoY decline in its profit after tax (PAT) at Rs 463 crore in the first quarter of the financial year 2026. Kotak Mahindra Bank reported a 47% year-on-year decline in its consolidated net profit for the June quarter at Rs 3,282 Green signed MoU with Bihar State Power Generation Company Limited (BSPGCL) for development of Battery Energy Storage Projects and Renewable Energy Project forAlembic Pharma received US FDA Final nod for Carbamazepine Extended-Release tablets, which are indicated for use as an Electric board approved proposed variation in the objects/terms of utilisation of the IPO proceeds and extension of time limit for utilisation of Cards reported a 6% year-on-year decline in net profit for the quarter ended June 2025, coming in at Rs 556 crore. Tata Chemicals reported a sharp 68% year-on-year rise in consolidated net profit for the quarter ended June 2025, with earnings climbing to Rs 252 crore.
Indian Express
2 days ago
- Business
- Indian Express
Stocks to Watch on Monday, July 28: TCS, SAIL, BEML, IDFC First Bank and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (July 28) including TCS, Tata Chemicals, BEML, SAIL, IDFC First Bank, etc. On Friday, stock markets declined with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows. The 30-share BSE Sensex tanked 721.08 points or 0.88 per cent to settle at over a month's low of 81,463.09. During the day, it plunged 786.48 points or 0.95 per cent to 81,397.69. The 50-share NSE Nifty dropped 225.10 points or 0.90 per cent to a month's low of 24,837. Tata Chemicals reported an 80.57 per cent increase in consolidated profit after tax (PAT) to Rs 316 crore for the quarter ended June 30. The company's PAT was Rs 175 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing. Its revenue from operations declined nearly 2 per cent during the quarter under review to Rs 3,719 crore, mainly due to the cessation of Lostock operations in the UK. Shares of TCS to remain in focus after the company decided to reduce its workforce by 2% in its 2026 financial year. The move will eliminate roughly 12,200 jobs from the company's workforce of more than 613,000 as TCS deploys AI and other technologies while entering new markets and contending with an uncertain demand outlook. BEML Limited has entered into a strategic MoU with Hindustan Shipyard Limited (HSL) to collaborate on the co-creation of advanced marine systems-encompassing innovation, indigenous design, manufacturing, and end-to-end lifecycle support. Aadhar Housing Finance reported a 19 per cent increase in net profit to Rs 237 crore in the first quarter ended June 2025. The housing finance company earned a profit of Rs 200 crore in the same quarter a year ago. Total income during the quarter under review rose to Rs 851 crore from Rs 7,413 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing. Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. SAIL reported a multi-fold rise in consolidated net profit at Rs 744.58 crore in the quarter ended June 2025 on the back of improved operational efficiency, better cash flow and strong growth in sales volume. The company had posted a consolidated net profit of Rs 81.78 crore in the year-ago period, Steel Authority of India Ltd (SAIL) said in a filing to BSE. The consolidated income of the company during April-June period rose to Rs 26,083.90 crore compared to Rs 24,174.80 crore in the corresponding quarter of previous fiscal. Jammu and Kashmir Bank posted a 16.7 per cent increase in net profit at Rs 484.84 crore in the April-June quarter of FY26. The bank had reported a profit after tax (PAT) or net profit of Rs 415.49 crore in the same period of the previous fiscal year, J&K Bank said in a statement. Net Interest Income (NII) during the reporting quarter grew 7 per cent year-on-year to Rs 1,465.43 crore, while the other income jumped 29 per cent to Rs 250.30 crore from Rs 194.10 crore recorded last year. IDFC First Bank reported a 32 per cent slump in net profit to Rs 463 crore during the first quarter of the current financial year, impacted by slippages in the micro-finance book. The Mumbai-based lender had earned a net profit of Rs 681 crore in the same quarter of the previous fiscal year. The total income rose to Rs 11,869 crore during the June quarter of 2025-26 from Rs 10,408 crore in the same quarter of FY25, IDFC First Bank said in a regulatory filing. IT company L&T Technology Services has bagged a multi-year contract worth USD 60 million (about Rs 510 crore) from a prominent US-based wireless telecommunications services provider. Under the agreement, LTTS will deliver advanced network software development and application engineering solutions. 'L&T Technology Services wins around USD 60 million software engineering engagement from US Tier-I Telecom Provider,' LTTS said in a statement. Kotak Mahindra Bank reported a consolidated net profit of Rs 4,472 crore for the June quarter, and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions. The consolidated net profit in the year-ago period was Rs 7,448 crore, but it had included gains of over Rs 3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at Rs 4,933 crore. The Department of Telecom has issued a 'show-cause-cum-demand notice' of about Rs 7,800 crore to Tata Communications over adjusted gross revenue dues, according to an official note by the company. The demand has been raised by the Department of Telecom (DoT) for adjusted gross revenue (AGR) from 2005-06 till 2023-24, as per the note dated July 17. (With inputs from agencies)
