Tata Chemicals Ltd shares will be in focus when the stock market opens on June 12 (Wednesday) as the Board of Directors declared a final dividend of ₹15.00 per equity share for the financial year 2024. The record date to ascertain the eligibility of shareholders for the final dividend is June 12. Shares of Tata Chemicals Ltd will trade ex-dividend on the same day.
In the fourth quarter ended March 31 of the fiscal year 2024, Tata Chemicals Ltd reported a net loss of ₹818 crore, compared to a net profit of ₹694 crore in the year-ago period. The company attributed the loss to lower income and provision of loss on account of exceptional items of ₹963 crore in the UK business. Consolidated profit after tax from continuing operations fell to ₹145 crore in the reported quarter, down from ₹694 crore in the corresponding period of the preceding year.
For the full fiscal year 2024, Tata Chemicals posted an 82% drop in profit after tax from continuing operation to ₹449 crore mainly due to the provision of loss on account of exceptional items of ₹861 crore and lower income. The company’s total income dropped to ₹3,589 crore in the fourth quarter of the last fiscal year from ₹4,482 crore in the year-ago period.
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