Computer Science

Tata Chemicals Shares Drop 4%

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] On February 4, Tata Chemicals' stock fell over 4% following disappointing Q3 results. The company's poor performance affected investor sentiment. Source Money Control

Q3 Results Show Net Loss

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Tata Chemicals reported a net loss of Rs 21 crore in Q3, a sharp decline from a net profit of Rs 194 crore in the same quarter last year.

Stock Price Update

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] At 9:48 AM, Tata Chemicals' shares were trading at Rs 905.40 on the NSE, reflecting the impact of weak earnings.

Reasons Behind the Loss

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The loss was due to lower soda ash prices and a one-time exceptional loss of Rs 70 crore, which affected the company’s bottom line.

Details of Exceptional Loss

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The Rs 70 crore exceptional loss was due to employee termination, plant decommissioning, and closure costs after halting soda ash production at the Lostock plant in the UK.

[{"selector":"#anim-4a0a5576-9982-4583-aca2-746fdf2785fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-60efe7fd-bf94-4815-95ca-f86f636c2618","keyframes":{"transform":["translate3d(0px, -9984.46222%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43ec27d2-a193-46a9-b203-40f353f4ddb6","keyframes":{"opacity":[0,1]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be82f86-276b-4ae0-b89f-691f8c5ea2df","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 180.18517%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":1200,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c5d8233-03c2-4731-86ee-517cd6185efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.07093706491227%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Find out More..