Tata Chemicals Q1 Results: Revenue Up 5.6% at Rs 4,218 Crore

Tata Chemicals, a Tata Group chemicals arm, announced its results for the June quarter of the Financial Year 2024 on Monday, saying that its net profit fell 11.8% to Rs 523 crore in Q1FY24 from Rs 593 crore in the same period of FY23.

Revenue from the operations increased by 5.6% to Rs 4,218 crore in Q1FY24 from Rs 3,995 crore in Q1FY23. The net income in Q4FY23 was Rs 4,407 crore, which was higher than the net income in the previous quarter. Meanwhile, the company reported 6.52% jump in other income at Rs 49 Crore from Rs 46 Crore in Q1FY23.

In addition, the company stated that earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 2.8% to Rs 1,043 crore in Q1FY24, compared to Rs 1,015 crore in the same quarter of FY23. The EBITDA margin for Q1FY23 was reported to be 24.7%, compared to 25.4% YoY.

Meanwhile, the shares of Tata Chemicals on Monday falls 0.72%, ended at Rs 1039.35 per share on BSE. It hit an intraday high and low of Rs 1062.70 and Rs 1035.70, respectively. The market cap of the stock is Rs 26,478.09 Crore.

The stock falls 1.88% in the last 1 week, while jumped 3.75% in the last 1 month. In gained 9.62% in 1 year. The stock gained 245.41% in 3 years, and 261.63% in 5 years, respectively.

Tata Chemicals' 52-week high is Rs 1214.65 per share and 52-week low is Rs 877.90 per share on BSE.