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Published: August 6, 2024
Updated: August 6, 2024

Deepak Nitrite's Q1 Profit Soars 35%: A Stellar Performance

Q1 Earnings Overview

Deepak Nitrite, a leading chemical manufacturer, has reported an impressive 35% rise in its Q1 profit for fiscal 2025. The company's profit surged to Rs 203 crore in the April-June quarter, up from Rs 150 crore in the corresponding period last year.

Revenue Growth

The company's revenue also saw a significant increase, rising 23% to Rs 2,167 crore in the last quarter, compared to Rs 1,768 crore in the June 2023 quarter. This growth was driven by a 22.6% increase in the Phenolics segment, which contributed Rs 1,451.63 crore to the company's revenue.

EBITDA and Margins

Deepak Nitrite's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) climbed 47% to Rs 309 crore in Q1, up from Rs 210 crore in the same period last year. The company's EBITDA margins also improved, standing at 14.3% in Q1, compared to 11.9% in the June 2023 quarter.

Stock Performance

Despite the company's impressive Q1 performance, Deepak Nitrite's shares closed 4.54% lower at Rs 2954.70 on Monday. However, the stock is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages.

Deepak Nitrite's stellar Q1 performance is a testament to the company's strong fundamentals and growth prospects. With its revenue and profit continuing to rise, the company is well-positioned for future growth. Investors will be keeping a close eye on Deepak Nitrite's performance in the coming quarters.