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18 Jan 2018

Q3 and FY2018 Investor Communication

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.

Financial Highilghts

Q3 FY2018

  • Total Income stood at Rs. 371.78 crore in Q3 FY18 compared to Rs. 283.92 crore in Q3 FY17, growing 31% y-o-y. Revenues from the BC & PP segments increased due to higher volumes and improved pricing, whereas the FSC segment has reported growth primarily on the back of resumption of normal operations.
  • EBITDA was higher by 68% to Rs. 52.70 crore in Q3 FY18, compared to Rs. 31.41 crore in Q3 FY17. Margins improved by 320 basis points to 14.2% in Q3 FY18 compared to 11.0% in the same period last year. In addition to base effect, improvement in the EBITDA margin on a y-o-y basis was due to higher volumes and better realisations in certain products as well as cost management initiatives undertaken.
  • PBT stood at Rs. 30.72 crore in Q3 FY18 compared to Rs. 10.22 crore in the same period last year.