Tata Chemical compounds Q3 Outcomes: Consolidated web loss widens to Rs 93 crore
The corporate had reported a web lack of Rs 53 crores throughout the corresponding quarter of the earlier monetary yr, Tata Chemical compounds mentioned in a regulatory submitting.
Income from operations of the Tata Group firm declined by 1.11 per cent to Rs 3,550 crore throughout the quarter beneath overview in contrast with Rs 3,590 crore in the identical interval of the earlier yr.
“Soda ash markets proceed to stay oversupplied, with excessive stock ranges throughout most areas. Costs softened additional throughout Q3FY26, reflecting antagonistic demand-supply dynamics. Consequently, the near-term outlook for the soda ash market stays subdued and unsure, with restricted visibility on any fast enchancment,” Tata Chemical compounds Managing Director and CEO R Mukundan mentioned.
He mentioned, regardless of these headwinds, the corporate’s standalone efficiency has been supported by greater volumes and disciplined price administration, leading to a resilient working efficiency.
The reconfiguration of the UK operations has been accomplished, with a strategic shift towards value-added, non-cyclical merchandise, enhancing enterprise stability, he said.
Nevertheless, the corporate’s consolidated efficiency has been sharply impacted by persevering with unsustainable low costs in export markets, primarily in Southeast Asia, he added.”The acquisition of Novabay Pte. Restricted introduced throughout the quarter aligns nicely with our technique to give attention to high-margin, specialty chemical companies and deepen our presence in key international markets. It enhances our potential to supply differentiated options to prospects whereas reinforcing Tata Chemical compounds’ long-term development agenda in value-added merchandise. The transaction is predicted to be accomplished within the Q4FY26, topic to the fulfilment of customary closing circumstances,” he mentioned.
In the meantime, the corporate’s board authorised an funding of Rs 515 crore for organising a greenfield manufacturing facility for Iodised Vacuum Salt Dried (IVSD) at Valinokkam in Tamil Nadu.
“The proposed facility could have a capability of 210 kilo tonnes each year (KTPA). This funding underscores our continued dedication to strengthening our core client merchandise portfolio and increasing our manufacturing footprint in India. The proposed facility will improve our potential to fulfill rising demand for high-quality iodised salt whereas supporting long-term, sustainable development,” Mukundan mentioned.
He mentioned that in response to prevailing market circumstances, the corporate’s priorities stay firmly aligned to defending margins, preserving money flows, and sustaining steadiness sheet energy.
“We proceed to undertake a disciplined method to capability utilisation, price management, and capital allocation, guaranteeing resilience via the present part of the cycle,” he added.
Shares of the corporate on Monday closed at Rs 726.15, down 2.27 per cent on BSE.
