The Board has recommended a dividend of Rs. 11/- per share i.e. 110% for the FY 2025-26
TATACHEM · price
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Tata Chemicals Board has recommended maintaining dividend at Rs. 11 per share (110%) for FY 2025-26, same as the previous year. The company reported a consolidated net loss of Rs. 1,715 crore for FY 2025-26 versus a profit of Rs. 387 crore in FY 2024-25. Revenue from operations declined slightly to Rs. 14,584 crore from Rs. 14,887 crore. The loss was primarily driven by a Rs. 1,837 crore goodwill impairment in US operations due to adverse market conditions and geopolitical factors. Additional exceptional items included Rs. 65 crore in closure costs for the Lostock plant in the UK and Rs. 54 crore due to new labor codes. Despite these challenges, the Board has approved an unmodified audit opinion and recommends the dividend for shareholder approval at the 87th AGM.
The company is paying a dividend despite reporting a large loss, signaling management confidence in the business's fundamental health. Maintaining the dividend payout provides some comfort to shareholders, but the heavy impairment charges and revenue decline suggest underlying operational challenges, particularly in the Basic Chemistry segment.