18 Jan 2018
Deepak Nitrite reports robust performance in Q3
Total Revenue at Rs. 371.8 crore Vs. Rs. 283.9 crore in Q3 FY17, up by 31%
EBITDA at Rs. 52.7 crore Vs. Rs. 31.4 crore in Q3 FY17, growth of 68%
PAT at Rs. 20.3 crore Vs. Rs. 7.4 crore in Q3 FY17, higher by 176%
Vadodara, January 18, 2018:
Deepak Nitrite Limited (BSE: 506401, NSE: DEEPAKNTR, ISIN ID:INE288B01029), one of the leading manufacturer of chemical intermediates, having a wide product portfolio of Basic Chemicals (BC), Fine & Speciality Chemicals (FSC) & Performance Products (PP), has announced its financial results for the quarter and nine-months ended December 31, 2017.
Growth has been driven by the BC segment which has benefited from favourable demand trends in domestic and international markets. The segments of FSC and PP have also performed well following resumption of normal operations at Roha and Hyderabad plants, respectively. The combination of strong traction in BC segment alongwith normalised performance of FSC and PP segments has enabled the Company to deliver a sharp rise in Q3 FY18 PAT on a year-on-year basis.