Tata Chemicals Faces Q2 Profit Dip, Stock Opens Lower by 1%

13 Nov 2023 , 02:42 PM

Tata Chemicals stock opened nearly 1% lower on November 13 following the company’s Q2 results. The company reported a 28% decline in consolidated net profit at Rs 495 crore for Q2 FY24, compared to Rs 685 crore in the same period last year.

Income from operations decreased to Rs 3,998 crore from Rs 4,239 crore in the corresponding quarter of the previous fiscal year. As per available information, Earnings before interest, taxation, depreciation, and amortization (EBITDA) were at Rs 819 crore, marking an 11% decline.

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