Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Tata Chemicals Q3: An off-colour quarter, supply disruption looms

With the spread of the Coronavirus epidemic, the demand of soda ash from China is likely to take a hit in coming quarters

February 07, 2020 / 03:58 PM IST

Highlights
- Below-par performance in Q3
- Low energy cost boosts margins
- Growth rode on the back of low base
- Subsidiary Rallis showing early signs of recovery- Coronavirus spread expected to impact business

 --------------------------------------------------

The lacklustre December quarter for Tata Chemicals (TTCH) (CMP: Rs 734; Market cap: Rs 18,716 crore) came in below expectations, with a low single-digit revenue growth.

The jump in profit was mostly because of a low base and soft energy costs (low natural gas prices) during the quarter. Post results, the stock saw a noticeable correction.