Tata Chemicals shares register jump of nearly 9% on strong Q1 results

Shares of Tata Chemicals gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings

Tata
Photo: Bloomberg
Press Trust of India New Delhi
1 min read Last Updated : Aug 10 2022 | 12:20 PM IST

Shares of Tata Chemicals gained nearly 9 per cent in morning trade on Wednesday after the company posted strong first-quarter earnings.

Shares of Tata Chemicals opened on a bullish note at Rs 999.95, then gained further ground to touch Rs 1,043, registering a jump of 8.96 per cent over its previous close.

On the NSE, the stock opened at Rs 1,015, then climbed to Rs 1,038.05, higher by 8.47 per cent over its last close.

Tata Chemicals on Tuesday reported an 86.25 per cent increase in consolidated net profit to Rs 637 crore during the quarter ending June 30.

The company's net profit stood at Rs 342 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing.

Revenue from operations rose 34.15 per cent during the quarter under review at Rs 3,995 crore, compared to Rs 2,978 crore in the same period of last fiscal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Tata Chemicals

First Published: Aug 10 2022 | 12:20 PM IST

Next Story