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Hot Pursuit
10-Nov-22
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Deepak Nitrite slumps as Q2 PAT drops 31% YoY to Rs 174 cr
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Deepak Nitrite tumbled 7.79% to Rs 2,119.50 after the specialty chemical maker's consolidated net profit declined 31.4% to Rs 174.47 crore despite of a 16.7% rise in net sales to Rs 1,961.65 crore in Q2 FY23 over Q2 FY22.
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Profit before tax slipped 31.3% to Rs 234.59 crore in Q2 FY23 from Rs 341.68 crore registered in Q1 FY22. Total expenses increased by 29% year on year to Rs 1,739.10 crore in the quarter ended 30 September 2022.
Cost of raw materials jumped 38.4% to Rs 1,448.26 crore while employee benefits expenses rose 15.03% to Rs 78.52 crore in Q2 FY23 over Q2 FY22.
During the quarter, the company's revenue from phenolics business rose 16.9% YoY to Rs 1,969.38 crore and advanced intermediates segment revenue grew 25.9% YoY to Rs 685.30 crore.
Deepak Nitrite is one of the leading suppliers of chemical intermediates. It has a diversified portfolio of intermediates that cater to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments in India and overseas.
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Previous News |
Deepak Nitrite
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Results
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21-May-24
07:37
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Deepak Nitrite
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Results
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Analysis
28-Oct-21
19:20
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Deepak Nitrite
(
Analyst Meet / AGM
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Conference Call
27-Jan-22
23:04
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Deepak Nitrite
(
Results
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Analysis
04-Aug-18
12:47
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Deepak Nitrite standalone net profit rises 8.36% in the June 2018 quarter
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Results
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Announcements
03-Aug-18
17:01
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Deepak Nitrite
(
Analyst Meet / AGM
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Analyst Meet
10-Feb-23
08:23
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Deepak Nitrite standalone net profit declines 6.51% in the September 2015 quarter
(
Results
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Announcements
07-Nov-15
08:48
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Deepak Nitrite
(
Results
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Analysis
04-Aug-23
03:09
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Deepak Nitrite
(
Results
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Analysis
25-Oct-19
17:27
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Deepak Nitrite intimates of fire incident at its Nandesari site
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Corporate News
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03-Jun-22
11:03
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Deepak Nitrite
(
Analyst Meet / AGM
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Conference Call
08-Aug-19
18:37
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