Moneycontrol News
Tata Chemicals has reported subdued numbers with compressed margins despite a decent 10 percent year-on-year uptick in the quarter’s revenue.
Earnings before interest tax depreciation and amortisation (EBITDA) saw a 5.6 percent y-o-y dip with a 340 basis-point margin contraction.
With the consumer business back on track, the management announced investment plans to build capacity in the manufacture of lithium ion batteries which could be the next turning point for the company in the longer run.
Sakshi Batra does a 3 point analysis of the earnings fine print.
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