Tata Chemicals Limited reported a challenging performance for the third quarter ending December 31, 2024, as revenue, profitability, and EBITDA figures faced significant pressure due to lower Soda Ash prices and higher fixed costs.
Key Highlights (Consolidated Basis):
- Revenue: ₹3,590 crore, down 4% YoY compared to ₹3,730 crore in Q3 FY24.
- EBITDA: ₹434 crore, a 20% decline from ₹542 crore in Q3 FY24.
- PAT (Before Exceptional Items & NCI): ₹49 crore, falling 75% from ₹194 crore in Q3 FY24.
Standalone Performance:
- Revenue: ₹1,166 crore, a 7% increase from ₹1,093 crore in Q3 FY24.
- EBITDA: ₹209 crore, up by 1% from ₹206 crore YoY.
- PAT: ₹72 crore, marking a 37% decline from ₹115 crore YoY.
Contributing Factors:
- Lower demand and adverse pricing of Soda Ash across geographies.
- Plant production outage in the U.S., affecting fixed costs.
- Exceptional charge of ₹70 crore related to plant decommissioning and termination benefits.
Despite the current downturn, the company is optimistic about future growth, particularly from sustainability-driven sectors, and continues its focus on cost optimization and margin stability.
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Tata Chemicals