Tata Chemicals shares in focus after reporting Rs 21 crore Q3 loss
Tata Chemicals shares will be in focus on Tuesday, February 4, after the company reported a net loss of Rs 21 crore for Q3FY25, compared to a net profit of Rs 194 crore in the same period last year.
The company took an exceptional charge of Rs 70 crore in Q3FY25 due to employee termination benefits, decommissioning of plant and machinery, and other closure-related expenses following the cessation of soda ash production at the Lostock plant in Northwich, UK.
Revenue from operations declined 3.8% YoY to Rs 3,590 crore, while EBITDA fell 19.9% to Rs 434 crore. The EBITDA margin stood at 12.1%, down from 14.5% YoY.
Also Read: Stocks in news: Titan, Asian Paints, Power Grid, Nestle, Gland Pharma
Tata Chemicals’ gross debt stood at Rs 6,722 crore as of December 31, 2024, an increase of Rs 810 crore YoY, while net debt rose by Rs 952 crore to Rs 5,329 crore due to lower EBITDA and higher working capital requirements across the US, Kenya, and India.
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