Tata Chemicals Ltd (BOM:500770)
₹ 1095.05 3.65 (0.33%) Market Cap: 278.97 Bil Enterprise Value: 330.95 Bil PE Ratio: 0 PB Ratio: 1.25 GF Score: 83/100
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Q3 2024 Tata Chemicals Ltd Earnings Call Transcript

Feb 05, 2024 / 01:00PM GMT
Release Date Price: ₹979.95 (-1.78%)

Key Points

Positve
  • Tata Chemicals Ltd (BOM:500770) prepaid $25 million in debt, demonstrating strong financial management.
  • Domestic businesses registered growth despite challenging external environments.
  • The company is focusing on higher value-added products and rigorous cost management to maintain stable margins.
  • CapEx projects are on track, with new capacities expected to come online in the next fiscal year.
  • The company is strategically expanding its core business capabilities, particularly in sustainability sectors like solar and lithium.
Negative
  • Revenue for the quarter decreased by over 10% compared to the previous year, driven by lower soda ash volumes and pricing pressure.
  • EBITDA for the quarter was significantly lower by 41% compared to the previous year's Q3.
  • PAT for the quarter was down 55% compared to last year's Q3.
  • The U.S. volumes were lower due to plant shutdowns and railcar shortages, leading to lower contribution and fixed cost absorption.
  • The European market is facing significant challenges, particularly in the flat glass and lithium sectors, impacting overall performance.
Operator

Ladies and gentlemen, good day, and welcome to Tata Chemicals Limited Q3 and nine Months FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. And I now hand the conference over to Mr. Gavin Desa from CDR India. Thank you, and over to you.

Gavin Desa
Citigate Dewe Rogerson, India - IR

Thank you. Good day, everyone, and thank you for joining us at Tata Chemicals, Q3 and nine month FY20 Earnings Conference Call. We have with us today Mr. R. Mukundan, Managing Director and CEO; Mr. Zareer Langrana, Executive Director; and Mr. Nandakumar Tirumalai, the Chief Financial Officer.

Before we begin, I would like to mention that some of the statements made in today's discussions may be forward-looking in nature and may involve risks and uncertainties. I now invite Mr. Mukundan to proceed with the call.

Ramakrishnan Mukundan
Tata Chemicals Ltd - Chief Executive Officer, Managing Director, Director

Thanks, Gavin. Good evening, and welcome everyone, to our Q3 nine

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