Conference Call with Tata Chemicals Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Commodity Chemicals company Tata Chemicals announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations at Rs 3,509 crore, up by 1% compared to Q4FY24, pricing pressure continued in all geographies. EBITDA at Rs 327 crore in Q4FY25 as compared to Rs 443 crore in Q4FY24, mainly on account of lower pricing. Profit After Tax (before exceptional items and NCI) from continuing operations at Rs (12) crore compared to Rs 145 crore for Q4FY24. Soda Ash unit in Lostock, UK ceased it’s operations from early February 2025, resulted in additional exceptional charge of Rs 55 crore. Gross debt as on March 31, 2025, stood at Rs 7,072 crore (including lease of Rs 768 crore) up by Rs 1,509 crore on account of higher working capital loan in India, US & UK. FY25 Financial Highlights: Revenue at Rs 14,887 crore as compared to Rs 15,421 crore in FY24, higher volumes partially offsetting lower pricing. EBITDA at Rs 1,953 crore as compared to Rs 2,847 crore in FY24 on account lower margins. PAT (before exceptional items and NCI) from continuing operations at Rs 479 crore. Exceptional charge of Rs 125 crore 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. R. Mukundan, Managing Director & CEO, Tata Chemicals, 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.” Result PDF
Commodity Chemicals company Tata Chemicals announced Q3FY25 results Standalone Financial Highlights: Revenue from operations stood at Rs 1,166 crore, up by 7% compared to Q3FY24. EBITDA at Rs 209 crore, up by 1% compared to Q3FY24. Profit After Tax from continuing operations was Rs 72 crore, down by 37% compared to Q3FY24. FOS sales on track leading to full utilization of capacity. Consolidated Financial Highlights: Revenue from operations stood at Rs 3,590 crore, down by 4% compared to Q3FY24, mainly on account of adverse price movement of Soda Ash. EBITDA for the quarter stood at Rs 434 crore, down by 20% compared to Q3FY24. Profit After Tax (before exceptional items and NCI) from continuing operations was Rs 49 crore compared to Rs 194 crore for Q3FY24. An exceptional charge of Rs 70 crore consisting of estimated expenses related to employee termination benefits, decommissioning of plant and machinery, and other closure-related incidental expenses was taken in Q3FY25, in relation to cessation of Soda ash production at the Lostock plant in Northwich, UK. Gross debt as on December 31, 2024, stood at Rs 6,722 crore up by Rs 810 crore and net debt at Rs 5,329 crore up by Rs 952 crore, compared to December 31, 2023, on account of lower EBITDA and higher working capital (US, Kenya & India). 70 KTPA Pharma Salt plant commissioned in UK. Sales and Production volumes of Soda Ash, Bicarb and Salt were higher than Q3FY24. Mukundan, Managing Director & CEO, Tata Chemicals, said: “Overall Asia including India continue to experience growth, while other markets including US and Western Europe are witnessing slight decline due to reduced demand for flat and container glass. Company’s overall performance was down as compared to the same quarter of previous year, mainly due to lower Soda Ash pricing across geographies and higher fixed cost in US due to plant production outage during the quarter. Our endeavour is to maximize sales through customer engagement, while ensuring steady contribution margins with a focus on cost optimization. In the short term, current demand – supply adverse situation is likely to persist but should improve and stabilise over the long term driven by growth sectors based on sustainability trends.” Result PDF
Conference Call with Tata Chemicals Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.