Tata Chemicals shares slipped more than 2% in morning trade on Monday after the company reported a steep drop in its second-quarter (Q2 FY26) earnings. The decline came as lower realizations and weaker margins weighed on profitability.
On a consolidated basis, Tata Chemicals’ revenue fell 3.1% year-on-year to ₹3,877 crore in Q2 FY26, compared to ₹3,999 crore in the same quarter last year. EBITDA dropped sharply by 13.1% to ₹537 crore from ₹618 crore, with margins narrowing to 13.9% from 15.5% a year ago.
Net profit saw a significant fall of 60.3%, coming in at ₹77 crore versus ₹194 crore in Q2 FY25, largely due to higher input costs and muted demand in key markets.
Alongside the results, the Board of Directors has approved raising up to ₹1,500 crore through Non-Convertible Debentures (NCDs), which will likely be used for refinancing and future growth initiatives.
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