Tata Chemicals surges 9% post March quarter results

The company's Ebitda rose 3.6 per cent at Rs 531 crore in March quarter.

Tata Chemicals shares surged 9 per cent to Rs 607 on the BSE on Monday in an otherwise weak market after the company’s consolidated Ebitda (earnings before interest, tax, depreciation and amortization) rose 3.6 per cent year-on-year (YoY) at Rs 531 crore in March quarter (Q4FY19). The S&P BSE Sensex was down 1 per cent or 360 points at 38,603 at 3:18 pm.

Tata Group Company’s adjusted profit after tax increased 2 per cent at Rs 317 crore on YoY basis. Its operational revenue grew 8 per cent at Rs 2,759 crore against Rs 2,555 crore in the corresponding