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Tata Chemicals consolidated first quarter net surges to Rs 342 crore

Tata Chemicals consolidated first quarter net surges to Rs 342 crore
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Demand for chemicals may reach pre-COVID levels in FY22, says N Chandrasekaran

Demand for chemicals may reach pre-COVID levels in FY22, says N Chandrasekaran Tata Chemicals Chairman N Chandrasekaran said the demand for chemicals was tough in 2020, but the recovery is mostly back, not only in Asia, but also in the UK, Europe, and other US markets Tata Chemicals Chairman N Chandrasekaran PTI Updated Jul 03, 2021, 11:25 AM IST The demand for chemicals is gradually returning, both globally as well as in India, and expected to reach the pre-Covid levels during the current fiscal year, Tata Chemicals Chairman N Chandrasekaran said on Friday. Demand for chemicals was tough in 2020, but the recovery is mostly back, not only in Asia, but also in the UK and Europe, and other US markets. This is expected to continue all through the year, gradually, and the demand level for many chemicals is likely to reach the pre-pandemic levels , Chandrasekaran said while addressing the shareholders at the company s 82nd Annual General meeting.

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Tata Chemicals falls 8% after dull numbers in Q4

Tata Chemicals falls 8% after dull numbers in Q4 SECTIONS Last Updated: May 04, 2021, 10:09 AM IST Share Synopsis The company reported an 85 per cent decline in consolidated profit after tax (PAT) to Rs 29 crore for the quarter ended March 2021. Agencies On a consolidated basis, Tata Chemicals income from operations rose 11% to Rs 2,636 crore during the quarter under review. Related NSE NEW DELHI: Shares of Tata Chemicals plunged as much as 8 per cent on Tuesday morning. The Tata group firm posted dismal earnings for the quarter ended on March 31, 2021. The scrip opened 7.9 per cent down at Rs 721.85 on BSE, but later recovered marginally to trade at Rs 726.85 at 9.35 am (IST). Benchmark BSE Sensex traded 133 points, or 0.27 per cent, higher at 48,851. The Tata Chemicals stock had closed at Rs 782.85 on Monday.

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Tata Chemicals share slips over 7% on weak Q4 earnings

Tata Chemicals share slips over 7% on weak Q4 earnings Tata Chemicals stock touched an intraday low of Rs 721.85 falling 7.79% against previous close of Rs 782.85 on BSE BusinessToday.In | May 4, 2021 | Updated 12:14 IST Tata Chemicals share has lost 7.57% in the last 2 days. The stock opened with a loss of 3.94% today at Rs 752 on BSE Tata Chemicals share fell over 7% today after the firm reported a 85 per cent fall in consolidated profit after tax in Q4. Tata Chemicals stock touched an intraday low of Rs 721.85 falling 7.79% against previous close of Rs 782.85 on BSE. The share has lost 7.57% in the last 2 days. The stock opened with a loss of 3.94% today at Rs 752 on BSE.

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Tata Chemicals consolidated Q3 PAT down 3 66% to Rs 160 85 crore

Tata Chemicals on Thursday reported a 3.66 per cent decline in consolidated profit after tax (PAT) at Rs 160.85 crore for the third quarter ended December 2020. The company s PAT stood at Rs 166.97 crore during the corresponding period of 2019-20, Tata Chemicals said in a statement. Income from operations on a consolidated basis dipped 0.7 per cent to Rs 2,606 crore as compared to Rs 2,623 crore in the same quarter of the previous fiscal. During Q3, we have witnessed sequential improvement in demand, even as we navigate the margin pressures through agile execution of cost efficiencies. While we are focusing on business continuity, the health and safety of our employees and partners still remain our priority, Tata Chemicals Managing Director and CEO R Mukundan said.

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