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Tata Chemicals shares slip 4% after Q1 net profit declines 67% YoY

For the quarter under review, net income declined by 9.88 per cent to Rs 2,406.82 crore from Rs 2,670.90 crore

Topics
Tata Chemicals | Buzzing stocks | Markets Sensex Nifty

SI Reporter  |  New Delhi 



loss, economy, shares, stocks, market, investment, savings, gdp, growth, revenue
The company's total expenses decreased by 1.28 per cent to Rs 2,296.17 crore from Rs 2,325.91 crore in the year-ago period.

Shares of fell as much as 4 per cent to Rs 293.05 apiece on the BSE on Monday after the company posted a 67.23 per cent drop in its consolidated net profit at Rs 74.15 crore for the June quarter due to poor sales. It had posted a net profit of Rs 226.33 crore in the year-ago quarter.

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First Published: Mon, August 03 2020. 11:33 IST

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