Tata Chemicals reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024.  The company's net profit stood at Rs 428 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing.

Revenue from operations was flat during the quarter at Rs 3,999 crore compared to Rs 3,998 crore during the same period of FY24.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Ltd. said, “Overall demand for soda ash in India was stable, while some segments like container glass in Americas and Europe experienced muted demand. Unprecedented heavy rains in July and August impacted Mithapur operations leading to lower production as compared to the previous quarter, thus impacting margins. However, the company's overall performance was better as compared to the previous quarter due to higher sales volume, coupled with higher realization of soda ash. Our focus is on customer engagement and stable operations, while ensuring steady contribution margins with a focus on costs. We continue to work with our customers and other stakeholders on our sustainability and digitisation efforts.”

On the CSR front, the company keeps serving the society through various initiatives, the recent ones being signing of Memorandum of Understanding (MoU) with BAIF as a part of its drive towards sustainable agricultural solutions and rural development. Also, the company inaugurated a cloth vending machine at the Beyt Dwarka Temple to combat plastic waste, encouraging eco-friendly alternatives and raising environmental awareness in the community.