Tata Chemicals shines despite reporting 63% fall in Q4 consolidated net profit

Tata Chemicals is currently trading at Rs. 591.35, up by 33.85 points or 6.07% from its previous closing of Rs. 557.50 on the BSE.

The scrip opened at Rs. 563.20 and has touched a high and low of Rs. 593.90 and Rs. 560.00 respectively. So far 139624 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 786.95 on 04-May-2018 and a 52 week low of Rs. 550.00 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 595.30 and Rs. 554.15 respectively. The current market cap of the company is Rs. 15033.17 crore.

The promoters holding in the company stood at 30.63%, while Institutions and Non-Institutions held 47.97% and 21.40% respectively.

Tata Chemicals has reported a fall of 77.63% in its net profit at Rs 230.33 crore for the quarter ended March 31, 2019 as compared to Rs 1029.49 crore for the same quarter in the previous year. However, total income of the company increased by 14.74% at Rs 1,134.95 crore for Q4FY19 as compared Rs 989.19 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 62.81% in its net profit at Rs 450.10 crore for the quarter under review as compared to Rs 1,210.19 crore for the same quarter in the previous year. However, total income of the company increased by 8.23% at Rs 2,845.26 crore for Q4FY19 as compared Rs 2,628.83 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 48.51% in its net profit at Rs 909.74 crore as compared to Rs 1766.96 crore for the previous year. However, total income of the company increased by 19.99% at Rs 4,537.80 crore for year under review as compared to Rs 3,781.66 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 48.68% in its net profit at Rs 1,386.85 crore as compared to Rs 2,702.49 crore for the previous year. However, total income of the company increased by 11.45% at Rs 11,707.97 crore for year under review as compared to Rs 10,504.82 crore for year ended March 31, 2018.

The post Tata Chemicals shines despite reporting 63% fall in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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