Tata Chemicals Q2 FY27 Results: Consolidated Net Loss ₹50.00 Crore on Total Income of ₹4,272 Crore
- Earnings
- chemicals
Reviewed byKeshav SehgalBlacklitt Research
Tata Chemicals (NSE: TATACHEM) reported a consolidated total income of ₹4,272 crore and a consolidated net loss of ₹50 crore for the quarter ended 30 Sep 2026, and a standalone total income of ₹1,357 crore and standalone net profit of ₹122 crore, it said in a filing on 07 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹4,272 crore, up 6.4% YoY and down 0.9% QoQ
- Net profit and EPS: Net loss of ₹50 crore; basic EPS of ₹-4.79
- Magadi suspension: Loss of ₹21 crore in the quarter from suspended mining and other operations
- Finance costs: ₹151 crore, up 4.9% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,357 crore, up 2.4% YoY and down 9.4% QoQ
- Net profit and EPS: Net profit of ₹122 crore, down 31.5% YoY; basic EPS of ₹4.79
- Finance costs: ₹76 crore, up 65.2% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 4,272 | 4,015 | +6.4% | 4,311 | -0.9% | |
| Revenue from operations | 4,177 | 3,877 | +7.7% | 4,255 | -1.8% |
| Other income | 95 | 138 | -31.2% | 56 | +69.6% |
| -50 | 154 | n/a | 60 | n/a | |
| Profit before tax | -6 | 236 | n/a | 110 | n/a |
| Finance costs | 151 | 144 | +4.9% | 148 | +2.0% |
| Depreciation | 351 | 285 | +23.2% | 336 | +4.5% |
| Tax expense | 44 | 82 | -46.3% | 50 | -12.0% |
| Net profit margin | -1.17% | 3.84% | -5.01 pp | 1.39% | -2.56 pp |
| EPS, basic (₹) | -4.79 | 3.02 | n/a | -0.67 | -614.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The notes record past exceptional items that sit in the comparison periods. In the half-year to 30 Sep 2025 an additional expense of ₹65 crore was recorded for the Lostock closure in the UK, and in the year to 31 Mar 2026 a goodwill impairment of ₹1,837 crore for the US operations was booked as an exceptional item.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,357 | 1,325 | +2.4% | 1,497 | -9.4% | |
| Revenue from operations | 1,303 | 1,204 | +8.2% | 1,281 | +1.7% |
| Other income | 54 | 121 | -55.4% | 216 | -75.0% |
| 122 | 178 | -31.5% | 343 | -64.4% | |
| Profit before tax | 152 | 212 | -28.3% | 392 | -61.2% |
| Finance costs | 76 | 46 | +65.2% | 73 | +4.1% |
| Depreciation | 118 | 103 | +14.6% | 115 | +2.6% |
| Tax expense | 30 | 34 | -11.8% | 49 | -38.8% |
| Net profit margin | 8.99% | 13.43% | -4.44 pp | 22.91% | -13.92 pp |
| EPS, basic (₹) | 4.79 | 6.99 | -31.5% | 13.46 | -64.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 2.4% to ₹1,357 crore, with revenue from operations up 8.2% to ₹1,303 crore while other income fell 55.4% to ₹54 crore. Other income is 4.0% of standalone total income this quarter, and it is 35.5% of the profit before tax of ₹152 crore.
Net profit fell 31.5% to ₹122 crore, a larger fall than the 28.3% drop in profit before tax to ₹152 crore. Finance costs rose 65.2% to ₹76 crore and are 5.6% of total income. Tax expense of ₹30 crore is 19.7% of profit before tax, against ₹34 crore a year earlier.
Against the previous quarter, standalone net profit fell 64.4% from ₹343 crore, while total income fell 9.4%. The standalone results show no exceptional item in the quarter. Note 3 records a reversal of retiral provisions of ₹8 crore in the half-year to 30 Sep 2026 and the quarter to 30 Jun 2026 from harmonisation of salary structures.
The company says there is currently no impact on its results from the Magadi suspension as on 30 Sep 2026.
Inference
Dividends paid were ₹280 crore in the half-year to 30 Sep 2026 according to the consolidated cash flow statement. The consolidated borrowings stood at ₹4,408 crore non-current and ₹2,514 crore current on the balance sheet at 30 Sep 2026.
The filing does not say how the Kenyan review and the court proceedings will affect future quarters beyond the ₹21 crore loss recorded in this one, or when the mining suspension might end.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.