Oct 17, 12:26 PM

Jindal Stainless Reports ₹611.3 Crore, Tata Chemicals ₹267 Crore, and CEAT ₹121.9 Crore Q2 Profit Declines

Jindal Stainless, Tata Chemicals, and CEAT have all reported their second-quarter financial results for the fiscal year 2024-25, revealing significant declines in net profits. Jindal Stainless reported a net profit of ₹611.3 crore, down 21.1% from ₹774.3 crore year-on-year, with revenues slightly decreasing by 0.2% to ₹9,776.7 crore. EBITDA also fell by 3.6% to ₹1,186.5 crore, leading to a margin of 12.1%, down from 12.6% a year earlier. Tata Chemicals faced a more severe decline, with a net profit of ₹267 crore, a drop of 46.1% from ₹495 crore year-on-year. The company’s revenue remained flat at ₹3,999 crore, while EBITDA decreased by 24.5% to ₹618 crore, resulting in a margin of 15.5%, down from 20.5%. CEAT reported a net profit of ₹121.9 crore, down 41.4% from ₹208 crore year-on-year, despite an 8.2% increase in revenue to ₹3,304.5 crore. The company’s EBITDA fell by 20.6% to ₹362.3 crore, leading to a margin of 11%, down from 14.9%.

#Jindal Stainless #Tata Chemicals #CEAT

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Jindal Stainless Reports ₹611.3 Crore, Tata Chemicals ₹267 Crore, and CEAT ₹121.9 Crore Q2 Profit Declines

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