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Shares of Tata Chemicals slipped 8 per cent to Rs 721.85 on the BSE in intra-day trade on Tuesday after the company posted a disappointing operational performance. For the January-March quarter of the financial year 2020-21 (Q4FY21), the company’s earnings before interest, taxes, depreciation, and amortization (Ebitda) margins declined 610 basis points (bps) to 10.7 per cent mainly due to lower gross margins, higher other expenditure and Rs 45 crore one-off expense in US operations caused by Polar Vortex leading to a sharp rise in gas prices. Overall margins of India operations were marginally impacted due to lower sales realisation despite improved sale volumes across the product portfolio. US operation margins were impacted due to higher fuel price on account of the Polar Vortex, which hit the USA during last the month of the quarter. Overall, UK operation remained steady, but margins were impacted due to lower sales realisation, higher freight costs and higher plan ....
Tata Chemicals slumped 6.88% to Rs 729 after the company reported 85% drop in consolidated net profit to Rs 29 crore on a 11% rise in income from operations to Rs 2,636 crore in Q4 FY21 over Q4 FY20. EBITDA declined by 29% to Rs 283 crore in Q4 March 2021 from Rs 400 crore in Q4 March 2020. EBITDA margin was at 11% as on 31 March 2021 as against 17% as on 31 March 2020. Effective working capital management lead to strong cash flow from operations i.e. Rs 2,037 crore in Q4 FY21 as against Rs 1,780 crore in Q4 FY20. There was a Rs 45 crore one-off impact in US operations due to spike in energy prices due to Polar Vortex. ....
Tata Chemicals FY21 net profit falls 58% to Rs 436 crore For January-March quarter, the Tata Group company s net profit declined 85 per cent to Rs 29 crore from Rs 198 crore in the corresponding quarter of previous year. Rai Vinaykumar | May 3, 2021 | Updated 22:28 IST Tata Chemicals income from operations fell 2 per cent to Rs 10,200 crore in FY21. Tata Chemicals on Monday reported a 58 per cent year-on-year decline in its consolidated net profit at Rs 436 crore for financial year 2020-21 on fall in sales and margin. The company s income from operations fell 2 per cent to Rs 10,200 crore in FY21, while earnings before interest, tax, depreciation and amortisation (EBITDA) declined 23 per cent to Rs 1,501 crore. Profit margin also contracted to 4 per cent from 10 per cent in FY20. ....
Tata Chemicals' consolidated revenue for the quarter ended March 2021 at ₹2,636 Cr, up by 11% equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Tata Chemicals FY21 net profit falls 58% to Rs 436 crore businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.