BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Tata Chemicals Ltd.'s Q4 FY21 revenues grew 11% YoY to Rs 2,636 crore, mainly due to 38% YoY growth (albeit on lower base) in speciality product segment to Rs 519.6 crore.
Basic chemical revenues grew 6% YoY to Rs 2,111.3 crore mainly led by 12% growth in India, while the U.S. and Europe grew 1% and 5%, respectively.
Ebitda margins declined 610 basis points to 10.7% mainly due to one-offs, negative operational leverage and spillover of cost to Q4 from Q3 in U.S. and Europe.
Ensuing Ebitda declined 29% YoY to Rs 282.7 crore.
Profit after tax declined 94% YoY to Rs 11.8 crore amid lower operational performance and higher tax rate.
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