CDSL Q2FY26 Results: Net Profit at ₹128 Crore, 16.51+ Crore Demat Accounts
01 Nov 2025
Tata Chemicals Q2 FY26 financial results analysis with business performance highlights
Financial Performance Overview
1st November 2025: Tata Chemicals Limited today declared its financial results for the quarter and half year ended September 30, 2025. The company reported mixed performance with consolidated revenue declining due to market conditions, while standalone operations showed strong growth.
Consolidated Financial Performance (₹ crore)
| Particulars | Q2 FY25-26 | Q2 FY24-25 | Change |
|---|---|---|---|
| Revenue from Operations | 3,877 | 3,999 | -3% |
| EBITDA | 537 | 618 | -13% |
| Profit After Tax (before exceptional items and NCI) | 219 | 267 | -18% |
| Net Debt (excl lease liabilities) | 5,583 | 4,972 | +12% |
Standalone Financial Performance (₹ crore)
| Particulars | Q2 FY25-26 | Q2 FY24-25 | Change |
|---|---|---|---|
| Revenue from Operations | 1,204 | 1,009 | +19% |
| EBITDA | 240 | 144 | +67% |
| Profit After Tax (continuing operations) | 178 | 99 | +80% |
Management Commentary
CEO Statement - R. Mukundan
Half Yearly Performance (H1 FY26)
H1 FY26 Financial Summary
Consolidated Revenue
₹7,596 Cr
-2% YoY
Consolidated EBITDA
₹1,186 Cr
-0.5% YoY
Consolidated PAT
₹535 Cr
+21% YoY
Standalone Revenue
₹2,373 Cr
+15% YoY
Standalone EBITDA
₹510 Cr
+35% YoY
Standalone PAT
₹485 Cr
+37% YoY
Stock Performance & Key Metrics
Tata Chemicals Stock Analysis
Market Cap
₹22,690 Cr
Current Price
₹891
52W High / Low
₹1,159 / ₹756
Stock P/E
69.6
Book Value
₹877
Dividend Yield
1.24%
ROCE
3.96%
ROE
1.20%
Face Value
₹10.0
EPS
₹8.63
Debt to Equity
0.34
Total Debt
₹7,495 Cr
Industry PE
22.4
No. of Shares
25.5 Cr
Market Context & Business Update
Industry Conditions & Outlook
💡 Key Business Highlights
Tata Chemicals continues to focus on operational excellence and cost control measures. The completion of UK reconfiguration positions the company for stable performance with value-added products. The standalone business in India remains strong with double-digit growth in volumes and profitability.
Overall Performance Assessment: While consolidated performance was impacted by global soda ash market conditions and UK reconfiguration, the standalone business demonstrated remarkable resilience with strong growth across all metrics. The company's focus on cost discipline and operational efficiency continues to support performance amid challenging market conditions.
"Soda ash markets continue to be oversupplied, with high inventory levels in most regions. Prices continued to weaken during Q2FY26. As demand-supply remains balanced and continues to be soft, we expect the market to continue to remain range-bound in the medium term.
Despite market headwinds caused by subdued pricing, the company's performance in standalone has been positive, driven by higher volumes, and overall performance is resilient, driven by disciplined cost management. Reconfiguration of the UK is complete with focus on value-added non-cyclical products."