Tata Chemicals Q1 Results Preview: Tata group chemical maker likely to log 65% fall in net profit due to falling soda ash prices
Tata Chemicals Q1 FY25 Results Preview: Tata group chemical manufacturer Tata Chemicals (TATACHEM) is expected to log a 64.6 per cent year-on-year fall in its consolidated net profit to Rs 185 crore for the June quarter, owing to falling soda ash rates, according to Zee Business research. Read on to know what else you can expect in the Tata group chemical firms upcoming earnings report.
Tata Chemicals (TATACHEM) Q1 FY25 Results Preview: Tata group chemical manufacturer Tata Chemicals is set to report its financial results for the April-June period on Monday, August 5. Analysts expect the Tata group company to stage a weak performance for the period owing to falling soda ash prices.
According to Zee Business research, Tata Chemicals is estimated to register a consolidated net profit of Rs 185 crore for the quarter ended June 30, which translates to a fall of 64.6 per cent compared with the corresponding period a year ago. The analysts expect the chemical company's revenue to decline 7.2 per cent to Rs 3,915 crore on a year-on-year basis.
Tata Chemicals is estimated to log Rs 605 crore in its June-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), down 42 per cent compared with the year-ago period, according to the research.
Zee Business analysts peg the Tata group firm's margin to come in at 15.5 per cent for the first quarter of the current financial year, as against 24.7 per cent a year ago.
They estimate Tata Chemicals' revenue from North America and Kenya to fall 23 per cent and 17 per cent, respectively.
Analysts will closely track the company's outlook on the pricing and demand of soda ash.
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