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Last Updated : Apr 17, 2019 11:52 AM IST | Source: Moneycontrol.com

Tata Chemicals Q4 PAT may dip 20% YoY to Rs. 247.7 cr: Kotak

Net Sales are expected to increase by 9.4 percent Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 2,795.7 crore, according to Kotak.

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Tata Chemicals | In a 1988 interview with M Rahman, JRD famously said,
Tata Chemicals | In a 1988 interview with M Rahman, JRD famously said, "In well-run companies, succession should be created in advance." As for all the companies he nurtured, this was also true for Tata Chemicals. Not only has the company been one of the leading entities in the chemical industry, but its 2008 acquisition of US-based General Chemical Industrial Products made it the world's second-largest maker of soda ash. It comprehensive R&D department is currently working in fields such as Green Chemistry, Biochemicals, Metabolites, Nutraceuticals among others.
 
 
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Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Commodity Chemicals sector. The brokerage house expects Tata Chemicals to report net profit at Rs. 247.7 crore down 20% year-on-year (up 0.3% quarter-on-quarter).


Net Sales are expected to increase by 9.4 percent Y-o-Y (down 1.3 percent Q-o-Q) to Rs. 2,795.7 crore, according to Kotak.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.4 percent Y-o-Y (up 10.3 percent Q-o-Q) to Rs. 519.8 crore.


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First Published on Apr 17, 2019 11:52 am
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