Tata Chemicals falls despite reporting 56% rise in Q4 consolidated net profit
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Tata Chemicals is currently trading at Rs. 980.15, down by 11.90 points or 1.20% from its previous closing of Rs. 992.05 on the BSE.
The scrip opened at Rs. 1004.00 and has touched a high and low of Rs. 1017.45 and Rs. 970.05 respectively. So far 174865 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1214.65 on 11-Oct-2022 and a 52 week low of Rs. 773.90 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 1017.45 and Rs. 944.40 respectively. The current market cap of the company is Rs. 24963.57 crore.
The promoters holding in the company stood at 37.98%, while Institutions and Non-Institutions held 34.38% and 27.65% respectively.
Tata Chemicals has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 19.32% fall in its net profit at Rs 213 crore for the quarter under review as compared to Rs 264 crore for the same quarter in the previous year. However, total income of the company increased by 12.07% at Rs 1365 crore for Q4FY23 as compared to Rs 1218 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 55.51% in its net profit at Rs 692 crore for fourth quarter ended March 31, 2023 as compared to Rs 445 crore for the same quarter in the previous year. Total income of the company increased by 24.95% at Rs 4482 crore for Q4FY23 as compared to Rs 3587 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 28.05% rise in its net profit at Rs 1027 crore as compared to Rs 802 crore for the previous year. Total income of the company increased by 30.81% at Rs 5231 crore for year under review as compared to Rs 3999 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 73.24% rise in its net profit at Rs 2434 crore as compared to Rs 1405 crore for the previous year. Total income of the company increased by 32.06% at Rs 17007 crore for year under review as compared to Rs 12878 crore for year ended March 31, 2022.
