Tata chemicals Q3 results: Tata Group company Tata Chemicals Limited today released the results of the third quarter of FY25 on 3 February. The company incurred a loss of Rs 21 crore in the October-December quarter. The main reason for this is the fall in the prices of soda ash and high costs in the US. Let us know that in the same quarter of the last financial year, the company recorded a net profit of Rs 194 crore. The company’s shares have declined by 2.03 per cent today and this stock has closed at Rs 944.90 on BSE. The company’s market cap is Rs 24,071.92 crore.
Revenue of Tata Chemicals also decreased
The revenue of Tata Chemicals declined by 3.8 per cent to Rs 3590 crore, compared to Rs 3730 crore in the same period of the previous financial year. The company’s Ebitda declined by 19.9 per cent to Rs 434 crore in the third quarter of this financial year, which was Rs 542 crore in the same quarter of the previous financial year.
The Ebitda margin was 12.1% in the December quarter, compared to 14.5% in the same period of the previous financial year. The gross debt of Tata Chemicals was ₹ 6722 crore as of 31 December 2024, which is ₹ 810 crore more than the previous year. At the same time, net debt increased by ₹ 952 crore to ₹ 5329 crore, due to which the US, Kenya and India are required for low Ebitda and Higher Working Capital.
Tata Chemicals Limited has recorded an exceptional charge of ₹ 70 crore in Q3Fy25. This includes the contingent costs associated with the cost of closing the Employee Termination Benefits, Plant and Machinery. The expenses are related to the closure of soda ash production at the Lostock Plant in Northwich, UK.
CEO statement of Tata Chemicals
Tata Chemicals launched a 70 KTPA Pharma Salt plant in the UK during the quarter. Soda Ash, Bicarbonate and Salt’s sales and production volumes were higher than in the third quarter of FY 24. Tata Chemicals managing director and CEO R. Mukundan said, “Growth continues throughout Asia, including India, while the US and other markets including western Europe are seeing a slight decline due to a decrease in demand for flat and container glass.”