Tata Chemicals posts loss of Rs 841 crore

(20 second reading) Tata Chemicals, the world’s third-largest soda ash producer, posted a consolidated net loss of Rs 841 crore in Q4, impacted by a one-time charge of Rs 963 crore in its UK operations.
During the quarter under review, the firm’s revenue fell to Rs 3,475 crore from Rs 4,407 crore posted during the same quarter of previous fiscal. The firm’s Ebitda fell to Rs 443 crore from Rs 965 crore posted during year-ago period.
The company’s revenue and Ebitda were impacted due to lower volumes of soda ash and pricing pressure across all regions, it said.
The firm also declared a dividend of Rs 15 a share for FY24.