Tata Chemicals falls on reporting consolidated net loss of Rs 841 crore in Q4
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Tata Chemicals is currently trading at Rs. 1073.05, down by 25.95 points or 2.36% from its previous closing of Rs. 1099.00 on the BSE.
The scrip opened at Rs. 1057.65 and has touched a high and low of Rs. 1085.00 and Rs. 1050.00 respectively. So far 248869 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1349.70 on 07-Mar-2024 and a 52 week low of Rs. 933.00 on 29-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1145.00 and Rs. 1050.00 respectively. The current market cap of the company is Rs. 27393.94 crore.
The promoters holding in the company stood at 37.98%, while Institutions and Non-Institutions held 33.83% and 28.19% respectively.
Tata Chemicals has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The company has reported 1.88% rise in its net profit at Rs 217 crore for the quarter under review as compared to Rs 213 crore for the same quarter in the previous year. However, total income of the company decreased by 12.97% at Rs 1,188 crore for Q4FY24 as compared Rs 1,365 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss at Rs 841 crore for fourth quarter ended March 31, 2024 as compared to net profit of Rs 692 crore for the same quarter in the previous year. Total income of the company decreased by 19.92% at Rs 3,589 crore for Q4FY24 as compared Rs 4,482 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 12.75% fall in its net profit at Rs 896 crore as compared to Rs 1027 crore for the previous year. Total income of the company decreased by 8.87% at Rs 4,767 crore for year under review as compared to Rs 5,231 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 82.12% fall in its net profit at Rs 435 crore as compared to Rs 2434 crore for the previous year. Total income of the company decreased by 7.64% at Rs 15,707 crore for year under review as compared to Rs 17,007 crore for year ended March 31, 2023.
