The firm reported profit before tax of Rs 277.20 crore during the quarter, up 18.16% as compared with Rs 234.59 crore recorded in same quarter last year.

On segmental front, the revenue from advanced intermediates was at Rs 670.20 crore (down 2.20% YoY) while revenue from phenolics stood at Rs 1,120.13 crore, (down 12.77%) during the period under review.

On half yearly basis, the company’s consolidated net profit declined 13.23% to Rs 354.98 crore on 11.77 % fall in revenue from operations to Rs 3,546.39 crore in H1 FY24 over H1 FY23.

Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. Company manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner.