Tata Chemical substances shares plunged greater than 6 per cent after the chemical compounds big reported an enormous decline in revenue within the quarter ended March 2021. At 9:22 am, the shares of Tata Chemical substances had been buying and selling at Rs 732, decrease by 6.50 per cent, on the BSE.
The Tata Group firm’s web revenue declined 85 per cent to Rs 29 crore within the fourth quarter ended March 2021 from Rs 198 crore in corresponding quarter of the earlier yr.
The corporate’s earnings from operations declined 2 per cent to Rs 10,200 crore in FY21, whereas earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) slid 23 per cent to Rs 1,501 crore.
In the meantime, the corporate’s board really helpful a dividend of Rs 10 per share.
The BSE Sensex was buying and selling at 48,889.51, increased by 176.05 factors or 0.35 per cent and the NSE Nifty was at 14,692.45, up 53.55 factors or 0.35 per cent on the time.