Annual sales volume continues to grow (Soda Ash and Bicarb by 6%) 

Board recommends dividend of ₹ 11 per share 

Bengaluru, 8^th May 2025: Tata Chemicals Limited today declared its financial results for the quarter and year ended March 31, 2025.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, said, “Market conditions remain challenging even as India continues to grow while China, US and Western Europe are witnessing slight declines due to reduced demand for flat and container glass. In other regions, Asia (excluding China and India) and Americas (excluding USA) demand is robust, while slight decline is observed in demand of Africa. Though demand – supply balance softens, tariff uncertainties will continue to weigh on market, medium- and long-term outlook remains positive driven by sustainability trends. 

The company’s overall performance is lower compared to Q4FY24, mainly due to pricing pressure in all geographies. 

During the FY25, Company commissioned 230kT Soda Ash and 140kT Bicarb capacity in Mithapur, India. In a move to focus UK operations to high-grade value-added products 70kT pharma grade salt capacity was commissioned in Middlewich, UK. 

Our endeavor is to Excel in operations through innovation, digitization and customer delight. We continue our journey to Embed sustainability guided by Project Aalingana. Our focus to Expand the core while being calibrated will also include broadening the portfolio.” 

Consolidated Highlights Q4FY25

●     Revenue from operations at ₹ 3,509 Cr, up by 1% compared to Q4FY24, pricing pressure continued in all geographies.

●     EBITDA at ₹ 327 Cr in Q4FY25 as compared to ₹ 443 Cr in Q4FY24, mainly on account of lower pricing.

●     Profit After Tax (before exceptional items and NCI) from continuing operations at ₹ (12) Cr compared to ₹ 145 Cr for Q4FY24.

●     Soda Ash unit in Lostock, UK ceased it’s operations from early February 2025, resulted in additional exceptional charge of ₹ 55 Cr.

●     Gross debt as on March 31, 2025, stood at ₹ 7,072 Cr (including lease of ₹768 Cr) up by ₹ 1,509 Cr on account of higher working capital loan in India, US & UK. 

Standalone Highlights Q4FY25

●     Revenue from operations stood at ₹ 1,219 Cr, up by 12% compared to Q4FY24.

●     EBITDA at ₹ 230 Cr, up by 20% compared to Q4FY24.

●     Profit After Tax from continuing operations was ₹ 97 Cr, down by 55% compared to Q4FY24 mainly on account of finance cost on NCD.

●     Operating working capital improved from 51 days in Q4FY24 to 35 days to Q4FY25.

Consolidated Highlights FY25

·         Revenue at ₹ 14,887 Cr as compared to ₹ 15,421 Cr in FY24, higher volumes partially offsetting lower pricing.

·         EBITDA at ₹ 1,953 Cr as compared to ₹ 2,847 Cr in FY24 on account lower margins.

·         PAT (before exceptional items and NCI) from continuing operations at ₹ 479 Cr.

·         Exceptional charge of ₹ 125 Cr consisting of estimated expenses related to employee termination benefits, decommissioning of plant and machinery, and other closure-related incidental expenses, in relation to cessation of Soda ash production at the Lostock plant in Northwich, UK.

·         230kT Soda Ash and 140kT Bicarb facility commissioned in India and 70kT Pharma Grade Salt capacity commissioned in UK.

Standalone Highlights FY25

·         Revenue of ₹ 4,441 Cr as compared to ₹ 4,384 Cr in FY24, higher volumes partially offsetting lower pricing.

·         EBITDA of ₹ 818 Cr as compared to ₹ 875 Cr in FY24.

·         PAT from continuing operations and before exceptional item of ₹ 524 Cr as against ₹ 794 Cr, mainly on account of finance cost on NCD raised to refinance the Singapore debt.

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On a consolidated basis, for the quarter, the income from operations stood at ₹ 3,999 Cr as compared to ₹ 3,789 Cr in Q1FY25 (‘previous quarter’). EBITDA stood at ₹ 618 Cr as compared to ₹ 574 Cr in the previous quarter. PAT (before exceptional items and non-controlling Interest (‘NCI’)) from continuing operations stood at ₹ 267 Cr as compared to ₹ 175 Cr in previous quarter.

On a standalone basis, for the quarter, the income stood at ₹ 1,009 Cr as compared to ₹ 1,047 Cr in the previous quarter. EBITDA stood at ₹ 144 Cr as compared to ₹ 235 Cr in the previous quarter. PAT stood at ₹ 99 Cr as compared to ₹ 256 Cr in the previous quarter.

Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals Limited, 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, Company’s overall performance was better as compared to 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.” 

Consolidated Highlights Q2FY25

• Consolidated Revenue from operations stood at ₹ 3,999 Cr as compared to ₹ 3,789 Cr for the previous quarter, up by 6%.
• Consolidated EBITDA for the quarter stood at ₹ 618 Cr, up by 8% as compared to previous quarter, mainly on account of better margins in US, Kenya and Rallis.
• Consolidated Profit After Tax (before exceptional items and NCI) from continuing operations was ₹ 267 Cr as compared to ₹ 175 Cr for the previous quarter.
• Consolidated gross debt as on September 30, 2024 stood at ₹ 6,479 Cr up by ₹ 431 Cr and net debt at ₹ 5,190 Cr up by ₹ 843 Cr, as compared to September 2023, on account of lower EBITDA, higher working capital (US, UK & India) and capitalisation of leases.

Standalone Highlights Q2FY25

• Standalone Revenue from operations stood at ₹ 1,009 Cr as compared to ₹ 1,047 Cr for the previous quarter.
• Standalone Profit After Tax from continuing operations was ₹ 99 Cr as compared to ₹ 256 Cr for the previous quarter.
• Unprecedented heavy rains impacted operations in Mithapur leading to lower production as compared to previous quarter.
• 0.7 lacs MTPA Bi-carb expansion commissioned at Mithapur subject to Consent to Operate (‘CTO’) approval.
• During the quarter, Company issued Non-Convertible Debentures (NCD’s) of ₹ 1,700 Cr @ 7.81% and repaid loans at overseas subsidiaries to that extent.
• On the CSR front, Company keeps serving the society though 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.

The post Consolidated income from operations for the quarter ended September 2024 at ₹ 3,999 Cr up by 6% and EBITDA at ₹ 618 Cr up by 8%, sequentially  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.