Tata Chemicals Reports 72% Decline in Q1 Net Profit

Tata Chemicals reported a significant 72% drop in its consolidated net profit, amounting to Rs 150 crore for Q1 of the fiscal year. This is a decline from Rs 532 crore in the previous year. Additionally, total income decreased to Rs 3,836 crore, with total expenses rising to Rs 3,621 crore.

Tata Chemicals on Monday recorded a dramatic 72% plunge in its consolidated net profit, amounting to Rs 150 crore for the first quarter of this fiscal year.

In comparison, the company had reported a net profit of Rs 532 crore in the same period last year.

According to a regulatory filing, the company's total income also experienced a downturn, falling to Rs 3,836 crore for the April-June 2024-25 period from Rs 4,267 crore in the corresponding period of the previous year. Furthermore, total expenses rose to Rs 3,621 crore from Rs 3,527 crore.

(With inputs from agencies.)