Tata Chemicals Q2 results: Net profit falls 55% to Rs 194 crore

Tata chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit to Rs 194 crore during the second room ended in September 2024. The company’s net profit stood at Rs 428 crore during the corresponding period of the previous financial year, Tata Chemicals said in a regulatory filing.

Revenue of the company’s operations remained stable during the quarter under review at Rs 3,999 crore as compared to Rs 3,998 crore during the same period in FY24.

“In general demand Soda ash production in India remained stable, while some segments, such as packaging glass in America and Europe, saw moderate demand.

“Unprecedented heavy rains in July and August impacted Mithapur operations, resulting in lower production compared to the previous quarter, thereby impacting margins,” Tata Chemicals managing director and chief executive officer R Mukundan said.

However, he said, the company’s overall performance was better compared to the previous quarter due to higher sales volume, along with higher production of soda ash.


“Our focus is on customer commitment and stable operations, while ensuring stable contribution margins with a focus on costs. “We continue to work with our customers and other stakeholders on our sustainability and digitalization efforts,” he added. Actions of the company closed on Thursday at Rs 1,073.70, down 2.41 per cent on the BSE.

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