Commodity Chemicals company Tata Chemicals announced Q2FY25 results Consolidated Highlights Q2FY25: Consolidated Revenue from operations stood at Rs 3,999 crore as compared to Rs 3,789 crore for the previous quarter, up by 6%. Consolidated EBITDA for the quarter stood at Rs 618 crore, 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 Rs 267 crore as compared to Rs 175 crore for the previous quarter. Consolidated gross debt as on Q2FY25 stood at Rs 6,479 crore up by Rs 431 crore and net debt at Rs 5,190 crore up by Rs 843 crore, as compared to Q2FY24, on account of lower EBITDA, higher working capital (US, UK & India) and capitalisation of leases. Standalone Highlights Q2FY25: Standalone Revenue from operations stood at Rs 1,009 crore as compared to Rs 1,047 crore for the previous quarter. Standalone Profit After Tax from continuing operations was Rs 99 crore as compared to Rs 256 crore 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 Rs 1,700 crore @ 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. R. Mukundan, Managing Director & CEO, Tata Chemicals, 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.” Result PDF