Tata Chemicals profit jumps 17 per cent

Tata Chemicals reported its results for the quarter ended September 30, 2018 on Friday after market hours.

The company's consolidated revenue for the quarter came in at Rs. 2960.66 crore as against Rs. 2690.19 crore in the corresponding quarter last year, registering an increase of 10 per cent YoY.

The company’s basic chemistry products and consumer products segments posted revenue growth of 7.4 per cent and 22 per cent, respectively, on a YoY basis.

The EBITDA for the quarter fell by 5.6 per cent YoY to Rs. 602.03 crore as against Rs.  637.91 crore in the corresponding quarter last year, with a corresponding margin contraction of 338 bps. The EBITDA margin for the quarter stood at 20.3 per cent.

The PAT for the quarter came in at Rs. 408.82 crore as against Rs. 349.59 crore in the corresponding quarter last year, an increase of 17 per cent YoY.

Today, the stock opened at Rs. 694 and made an intra-day high and low of Rs. 712 and Rs. 690, respectively, and finally closed at Rs. 695.80 on the BSE.