Tata Chemicals Q3: Earnings Down, Loss Up Amidst Labor Code Impact

• Tata Chemicals reported increased losses, from ₹53 crore to ₹93 crore YoY in Q3.
• Total earnings decreased from ₹3,590 crore to ₹3,550 crore during the quarter.
• Operational performance weakened, with EBITDA falling from ₹434 crore to ₹345 crore.
• EBITDA margin declined from 12.09% to 9.72% due to cost pressure and weak operations.
• Labor code implementation negatively impacted results by ₹54 crore, adding to profit and margin pressure.

Why It Matters: Tata Chemicals faced significant financial pressure in Q3 with increased losses and reduced earnings.