Tata Chemicals shares fell 4% following the company’s unexpected loss in the third quarter of FY25, missing street estimates. As of 9:40 AM, the shares were trading 4.39% lower at Rs 905.00.
The Mumbai-based chemical manufacturer posted a net loss of Rs 53 crore for the quarter ending December 31, 2024, compared to a profit of Rs 158 crore in the same period last year. Analysts had expected a profit of Rs 191 crore. The company’s revenue also fell by 3.8%, totaling Rs 3,590 crore, missing Bloomberg’s forecast of Rs 3,803 crore.
The decline in earnings was further reflected in a 20% drop in earnings before interest, tax, depreciation, and amortisation (EBITDA), which stood at Rs 434 crore, down from Rs 542 crore a year ago. Tata Chemicals’ EBITDA margin also contracted to 12.1% from 14.5% in the previous fiscal’s third quarter, falling short of analysts’ expectations of 15%.
Tata Chemicals’ stock opened at ₹930.10, reaching a high of ₹935.95 and a low of ₹904.00 during the day. The current price stands close to its 52-week low of ₹904.00, with its 52-week high recorded at ₹1,349.00.
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