Tata Chemicals Limited (TCL) declared its financial results for the quarter and half year ended September 30, 2024. On a consolidated basis, for the quarter, the income from operations stood at ₹3,999 Cr as compared to ₹3,789 crore in Q1FY25 (‘previous quarter’). EBITDA stood at ₹618 crore as compared to ₹574 crore in the previous quarter.
PAT (before exceptional items and non-controlling Interest (‘NCI’)) from continuing operations stood at ₹267 crore as compared to ₹175 crore in previous quarter. As per the press release, on a standalone basis, for the quarter, the income stood at ₹1,009 crore as compared to ₹1,047 crore in the previous quarter. EBITDA stood at ₹144 crore as compared to ₹235 crore in the previous quarter. PAT stood at ₹99 Cr as compared to ₹256 crore in the previous quarter.
Mukundan, Managing Director and CEO, Tata Chemicals Limited 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”.
