{"id":106425,"date":"2023-08-08T14:47:40","date_gmt":"2023-08-08T09:17:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106425"},"modified":"2023-08-08T14:47:41","modified_gmt":"2023-08-08T09:17:41","slug":"tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15\/","title":{"rendered":"Tata Group stock falls 3.5% after company&#8217;s net profit declines by 15%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3478001090\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this mid-cap Tata Group stock fell up to 3.50 percent on Tuesday after releasing financial results for Q1FY23-24.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3133607470\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 25,730 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATACHEM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Chemicals Limited<\/a><\/strong> opened at Rs 1,010 on Tuesday and currently trade at the same price. The intra-day low price of Rs 1,002.30 apiece today indicates a drag of approximately 3.50 percent as compared to the previous closing price of Rs 1,039.20.\u00a0<\/p><p>Such negative sentiments in the markets were observed after the company, through a regulatory filing with the exchange dated 7th August 2023, announced the financial results for the quarter ended June 2023.&nbsp;<\/p><p>QoQ, the company reported a reduction in the prime business indicators such as operating revenues and net profits. The former went down from Rs 4,407 crores during Q4FY22-23 to Rs 4,218 crores during Q1FY23-24, and, the net profits, during the same period, took a downshift from Rs 692 crores to Rs 587 crores representing a dip of around 15 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1726799972\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition to the above, having a glance at the YoY numbers, the metrics discussed above showed opposing movements with the operating revenues increasing from Rs 3,995 crores during Q1FY22-23 to Rs 4,218 crores during Q1FY23-24, and, the net profits, like the recent quarter performance, moving down from Rs 637 crores to Rs 587 crores.&nbsp;<\/p><p>The latest shareholding data, i.e., for the June 2023 quarter, portray the Promoters holding a 37.98 percent stake, and the Foreign Institutional Investors (FIIs) holding a considerable stake of 14.47 percent in the company.&nbsp;<\/p><p>Tata Chemicals Limited is engaged in the business of manufacturing and selling a wide range of chemicals as well as agricultural products.&nbsp;<\/p><p>With maximum revenue generation from operations within India, the company has three broad business segments, viz, \u201cInorganic Chemicals\u201d which comprises caustic soda, marine chemicals, etc, \u201cAgri Inputs\u201d which comprises pesticides, traded seeds, etc, and, \u201cothers\u201d which include spices, pulses, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2748364210\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this mid-cap Tata Group stock fell up to 3.50 percent on Tuesday after releasing financial results for Q1FY23-24.&nbsp; With a market capitalization of Rs 25,730 crores, the stocks of Tata Chemicals Limited opened at Rs 1,010 on Tuesday and currently trade at the same price. The intra-day low price of Rs 1,002.30 apiece [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,8617,10674,4773,8614,8615],"class_list":["post-106425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-chemicals-business","tag-tata-chemicals-q1-results-2023","tag-tata-chemicals-share-price","tag-tata-chemicals-shareholding","tag-why-is-tata-chemicals-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group stock falls 3.5% after company&#039;s net profit declines by 15% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this mid-cap Tata Group stock fell up to 3.50 percent on Tuesday after releasing financial results for Q1FY23-24.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Group stock falls 3.5% after company&#039;s net profit declines by 15%\" \/>\n<meta property=\"og:description\" content=\"Shares of this mid-cap Tata Group stock fell up to 3.50 percent on Tuesday after releasing financial results for Q1FY23-24.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T09:17:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T09:17:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/04\/tata-motors-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tata-group-stock-falls-3-5-after-companys-net-profit-declines-by-15\/\",\"name\":\"Tata Group stock falls 3.5% after company's net profit declines by 15% - 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