Tata Chemicals tumbles as net loss widens in Q4

Tata Chemicals lost 3.87% to Rs 302.65 at 15:11 IST on BSE after the company reported a consolidated net loss of Rs 1225.72 crore in Q4 March 2014, higher than net loss of Rs 188.03 crore in Q4 March 2013.

The Q4 result was announced during market hours today, 30 May 2014.

Meanwhile, the S&P BSE Sensex was up 21.98 points or 0.09% at 24,256.13.

On BSE, so far 2.52 lakh shares were traded in the counter as against average daily volume of 1.05 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 4.71% at the day's low of Rs 300 so far during the day. The stock rose as much as 2.19% at the day's high of Rs 321.75 so far during the day. The stock hit a 52-week high of Rs 329.45 on 26 May 2014. The stock hit a 52-week low of Rs 234.50 on 4 September 2013.

The stock had underperformed the market over the past one month till 29 May 2014, surging 7.06% compared with Sensex's 7.87% rise. The scrip had, however, outperformed the market in past one quarter, jumping 17.66% as against Sensex's 14.74% rise.

The mid-cap company has equity capital of Rs 254.76 crore. Face value per share is Rs 10.

Tata Chemicals' total income from operations rose 11.01% to Rs 3695.03 crore in Q4 March 2014 over Q4 March 2013.

Tata Chemicals reported a consolidated net loss of Rs 1032 crore in the year ended 31 March 2014 (FY 2014) compared to net profit of Rs 400.40 crore in the year ended 31 March 2013 (FY 2013). Total income from operations rose 8.05% to Rs 15895.43 crore in FY 2014 over FY 2013.

Tata Chemicals is the pioneer and market leader in India's branded iodised salt segment. The company is also the world's second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. It is also a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business.

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