Tata Chemicals posts Rs 50 crore Q2 loss as revenue rises

Tata Chemicals Limited posted a consolidated loss after tax of Rs 50 crore for the quarter ended 30 September 2026, versus a Rs 154 crore profit a year earlier, although revenue from continuing operations rose to Rs 4,177 crore from Rs 3,877 crore. The result also reversed a Rs 60 crore consolidated profit in the preceding quarter.

What did Tata Chemicals report for the September 2026 quarter?

Tata Chemicals reported a consolidated loss after tax of Rs 50 crore for the quarter ended 30 September 2026. The company had reported a profit after tax of Rs 60 crore in the quarter ended 30 June 2026 and a Rs 154 crore profit in the quarter ended 30 September 2025, marking a reversal in reported quarterly profitability.

Revenue from continuing operations was Rs 4,177 crore in the September 2026 quarter, compared with Rs 4,255 crore in the June 2026 quarter and Rs 3,877 crore in the September 2025 quarter. Revenue therefore declined by Rs 78 crore sequentially but increased by Rs 300 crore from the corresponding quarter of the prior year.

The consolidated result from continuing operations before exceptional items, the share of profit or loss of joint ventures and associate, and tax was a Rs 26 crore loss. This measure had been a Rs 127 crore profit in the June 2026 quarter and a Rs 246 crore profit in the September 2025 quarter, showing that the movement into loss was recorded before tax.

How did Tata Chemicals' revenue and profit change from prior periods?

Tata Chemicals' consolidated revenue from continuing operations rose to Rs 8,432 crore in the half-year ended 30 September 2026 from Rs 7,596 crore in the corresponding 2025 half-year. However, consolidated profit after tax fell to Rs 10 crore from Rs 470 crore, even as half-year revenue increased by Rs 836 crore.

Profit before tax was a Rs 6 crore loss in the September 2026 quarter, compared with profit before tax of Rs 110 crore in the June 2026 quarter and Rs 236 crore in the September 2025 quarter. For the half-year ended 30 September 2026, profit before tax was Rs 104 crore, down from Rs 596 crore in the corresponding prior-year period.

Total comprehensive income was Rs 198 crore in the September 2026 quarter, compared with Rs 947 crore in the immediately preceding quarter and Rs 147 crore a year earlier. Total comprehensive income rose year on year while profit after tax moved to a loss; the published extract reports the two measures separately and does not provide a reconciliation.

What do Tata Chemicals' standalone and consolidated figures show?

Tata Chemicals' standalone business remained profitable in the September 2026 quarter, reporting profit after tax of Rs 122 crore, while the consolidated statement reported a Rs 50 crore loss. Standalone revenue from continuing operations was Rs 1,303 crore, against consolidated revenue from continuing operations of Rs 4,177 crore in the same quarter.

Standalone profit after tax was below Rs 343 crore in the June 2026 quarter and Rs 178 crore in the September 2025 quarter. Standalone profit before tax was Rs 152 crore, compared with Rs 392 crore sequentially and Rs 212 crore a year earlier, while standalone revenue was Rs 22 crore higher sequentially and Rs 99 crore above the prior-year quarter.

For the half-year ended 30 September 2026, standalone revenue from continuing operations increased to Rs 2,584 crore from Rs 2,373 crore in the corresponding prior-year half. Standalone profit after tax was Rs 465 crore, compared with Rs 485 crore a year earlier, while standalone profit before tax was Rs 544 crore in both half-year periods.

The published results show a Rs 122 crore standalone profit after tax and a Rs 50 crore consolidated loss after tax for the September 2026 quarter. Tata Chemicals labels the consolidated results unaudited and the standalone results audited, and said the Audit Committee reviewed the results and the board approved them on 7 November 2026.

What changed in Tata Chemicals' debt, net worth and per-share measures?

Tata Chemicals reported consolidated outstanding debt of Rs 7,762 crore at 30 September 2026, down from Rs 7,991 crore at 30 June 2026 but above Rs 7,495 crore at 30 September 2025. Consolidated net worth was Rs 22,958 crore, compared with Rs 22,794 crore in the preceding quarter and Rs 23,331 crore a year earlier.

The consolidated debt-equity ratio was 0.34 times at 30 September 2026, versus 0.35 times in June 2026 and 0.32 times a year earlier. The debt service coverage ratio was 1.36 times, compared with 4.78 times in the preceding quarter and 2.18 times in the prior-year quarter, while interest service coverage was 2.52 times against 3.75 times and 3.73 times, respectively.

Consolidated basic and diluted earnings per share, or EPS, was negative Rs 4.79 for the September 2026 quarter, after negative Rs 0.67 in June 2026 and positive Rs 3.02 a year earlier. For the half-year, consolidated EPS was negative Rs 5.46, compared with positive Rs 12.91 in the corresponding half-year of 2025.

Standalone outstanding debt was Rs 3,476 crore at 30 September 2026, compared with Rs 2,010 crore a year earlier, while standalone net worth increased to Rs 20,475 crore from Rs 18,830 crore. Standalone debt-equity was 0.17 times against 0.11 times a year earlier, and standalone EPS was Rs 4.79 compared with Rs 6.99 in the September 2025 quarter.

Conclusion

Tata Chemicals recorded higher consolidated revenue in both the September 2026 quarter and the first half, but reported profitability declined sharply. The company moved from a Rs 154 crore quarterly consolidated profit a year earlier to a Rs 50 crore loss, while half-year profit after tax declined from Rs 470 crore to Rs 10 crore despite an Rs 836 crore increase in half-year revenue.

The announcement does not disclose a forward operating target, plan or scheduled business event. The next comparable result will indicate whether consolidated profit after tax moves from the September-quarter loss of Rs 50 crore and whether the debt service coverage ratio, reported at 1.36 times, changes from its September 2026 level.