Tata Chemicals announced Q3FY24 results: Consolidated Q3FY24: Consolidated Revenue from operations stood at Rs 3,730 crore, compared to Rs 4,148 crore for the corresponding quarter of the previous year. Consolidated Profit After Tax from continuing operations (pre-MI) was Rs 194 crore, down from Rs 432 crore for the corresponding quarter of the previous year. Revenue for the quarter was affected by lower volumes of soda ash and pricing pressure in all regions. EBITDA was impacted due to volume and price pressures across all regions. The company’s gross debt as of December 31, 2023, reduced to Rs 5,912 crore. Standalone Q3FY24: Standalone Revenue from operations stood at Rs 1,093 crore, compared to Rs 1,218 crore for the corresponding quarter of the previous year. Standalone Profit After Tax from continuing operations was Rs 115 crore, down from Rs 190 crore for the corresponding quarter of the previous year. Commenting on the results, R. Mukundan, Managing Director & CEO, Tata Chemicals, said, “The demand environment for soda ash in our domestic markets as well as international markets was challenging during the quarter. This was especially so in the container glass and flat glass sectors in Europe & Americas, which lead to a pressure on volumes and prices. Our endeavour is to continue to maintain our market share through customer engagement and have steady contribution margins with a focus on costs and higher value-added products. Our focus will also be to deliver capital investment projects on time, conserve cash, and continue to deleverage. In the short term, the current demand-supply situation is likely to persist but should improve and stabilise over the long term driven by growth sectors based on sustainability trends.” Result PDF