Tata Chemicals has released its financial results for the third quarter, revealing a net profit decline of 60.8% to ₹194 crore for the quarter, as opposed to ₹432 crore reported in Q3FY23.
The income from operations for the quarter stood at ₹3,730 crore, showcasing a decrease of 10%, to ₹4,148 crore reported in the corresponding quarter of the previous year (Q3FY23).
The EBITDA on a consolidated basis recorded ₹542 crore for the quarter, reflecting a notable decline from ₹922 crore in Q3FY23, a fall of 33.8%.
The margin for the quarter is reported at 14.5%, down from 22.2% in the corresponding quarter of the previous year.
Tata Chemical’s’s stock on BSE closed at Rs 979.95 on Monday.
