Tata Chemical compounds on Thursday reported a 54.67 per cent decline in its consolidated internet revenue at Rs 194 crore throughout the second quarter ended September 2024. The corporate’s internet revenue stood at Rs 428 crore throughout the corresponding interval of the earlier fiscal, Tata Chemical compounds mentioned in a regulatory submitting.
Income from operations of the corporate was flat throughout the quarter below evaluate at Rs 3,999 crore in comparison with Rs 3,998 crore throughout the identical interval of FY24.
“General demand for soda ash in India was secure, whereas some segments like container glass in Americas and Europe skilled muted demand.
“Unprecedented heavy rains in July and August impacted Mithapur operations resulting in decrease manufacturing as in comparison with the earlier quarter, thus impacting margins,” Tata Chemical compounds Managing Director and CEO R Mukundan mentioned.
Nevertheless, he mentioned, the corporate’s total efficiency was higher as in comparison with earlier quarter attributable to larger gross sales quantity, coupled with larger realisation of soda ash.
“Our focus is on buyer engagement and secure operations, whereas making certain regular contribution margins with a deal with prices. We proceed to work with our clients and different stakeholders on our sustainability and digitisation efforts,” he added.
Shares of the corporate on Thursday closed at Rs 1,073.70, down 2.41 per cent on BSE.
