Tata Chemicals shares fall over 3% post Q1 earnings

Shares of Tata Chemicals today went down by over 3 per cent after the company reported 14 per cent fall in consolidated net profit for the first quarter ended June 30.
The stock tumbled 3.29 per cent to settle at Rs 577.10 on BSE. During the day, it lost 5.54 per cent to Rs 563.65.
At NSE, shares of the company slipped 2.85 per cent to close at Rs 579.05.
Tata Chemicals yesterday reported 14 per cent fall in consolidated net profit at Rs 177.9 crore for June quarter of 2017-18 fiscal.
Its net profit stood at Rs 206.2 crore in the year-ago period, the company said in a regulatory filing.

Total income in the said quarter fell to Rs 2,667.33 crore from Rs 3,340.13 crore in June quarter last fiscal.