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Tata Chemicals reports consolidated net loss of Rs 841 crore in Q4

30 Apr 2024 Evaluate

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.

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