Tata Chemicals Limited declared its financial results for the quarter ended June 30, 2024. On a consolidated basis, for the quarter, the income from operations stood at Rs. 3,789 crore as compared to Rs. 3,475 crore in Q4FY24 (previous quarter). EBITDA stood at Rs. 574 crore as compared to Rs. 443 crore in previous quarter. PAT (before exceptional items and non-controlling Interest (NCI)) from continuing operations stood at Rs. 175 crore as compared to Rs. 145 crore in previous quarter.

On a standalone basis, for the quarter, the income stood at Rs. 1,047 crore as compared to Rs. 1,090 crore in previous quarter. EBITDA stood at Rs. 235 crore as compared to Rs. 192 crore in previous quarter. PAT stood at Rs. 256 crore as compared to Rs. 217 crore in previous quarter.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, said, “Overall demand for soda ash was stable during the quarter on account of robust demand for flat glass, container glass and solar glass globally, while Europe experienced muted demand. China demand continued to be stable. The Company has delivered a satisfactory performance during Q1FY25 as compared to Q4FY24 on expected lines. The Company’s overall sales volume remained stable as compared to the previous quarter, with marginal improvement in price sequentially on account of market factors. Our focus is on customer engagement and agile response, while ensuring steady contribution margins with focus on costs. We continue to work with our customers and other stakeholders on our sustainability and digitisation efforts.”