Tata Chemicals Q2 net profit falls 55% to Rs 194 crore bse nse

Tata Chemicals connected Thursday reported a 54.67 per cent diminution successful its consolidated nett net astatine Rs 194 crore during the 2nd 4th ended September 2024. The company's nett net stood astatine Rs 428 crore during the corresponding play of the erstwhile fiscal, Tata Chemicals said successful a regulatory filing.

Revenue from operations of the institution was level during the 4th nether reappraisal astatine Rs 3,999 crore compared to Rs 3,998 crore during the aforesaid play of FY24.

"Overall request for soda ash successful India was stable, portion immoderate segments similar instrumentality solid successful Americas and Europe experienced muted demand.

"Unprecedented dense rains successful July and August impacted Mithapur operations starring to little accumulation arsenic compared to the erstwhile quarter, frankincense impacting margins," Tata Chemicals Managing Director and CEO R Mukundan said.

However, helium said, the company's wide show was amended arsenic compared to erstwhile 4th owed to higher income volume, coupled with higher realisation of soda ash.

"Our absorption is connected lawsuit engagement and unchangeable operations, portion ensuring dependable publication margins with a absorption connected costs. We proceed to enactment with our customers and different stakeholders connected our sustainability and digitisation efforts," helium added.

Shares of the institution connected Thursday closed astatine Rs 1,073.70, down 2.41 per cent connected BSE.