Tata Chemicals sets June 12 as record date for dividend payout

Shares of Tata Chemicals Ltd closed at ₹1,123, on Wednesday, up by ₹12.4 or 1.12% on the BSE. “At our Board meeting on April 29, 2024, we recommended a dividend of ₹15 per ₹10 share, pending approval at the 85th Annual General Meeting (AGM)," the company said in a stock exchange filing.

If approved at the upcoming AGM, the dividend will be paid after deducting taxes, starting on or after Friday, June 28, 2024, the filing also mentioned.

Tata Chemicals Ltd Q4 earnings

Tata Chemicals posted a net loss of ₹818 crore in Q4 ending March 31, 2024. The net profit in the corresponding quarter in the previous years was ₹694 crore. The company attributes the loss to lower income and a ₹963 crore loss from exceptional items in its UK business. The company’s consolidated profit also dropped to ₹145 crore, down from ₹694 crore in the same period the previous year.

The total income of Tata Chemicals in the reported quarter fell to ₹3,589 crore from ₹4,482 crore in the same period the previous year. For the 2024 fiscal year, the Tata Group company’s PAT (profit after tax) from continuing operations slumped by 82% to ₹449 crore, triggered by a loss of ₹861 crore from exceptional items and lower overall income.

Part of the Tata conglomerate, Tata Chemicals is a key supplier to the glass, deterrent, and chemical industries. It also has a strong presence in the crop protection business.