Deepak Nitrite shares gain over 2% after Q1 results announcement

Shares of Deepak Nitrite were trading nearly 2.50% higher at ₹3,026.30 apiece on the NSE in the late morning deals on Tuesday, August 6, a day after the company released its June quarter (Q1 FY25) numbers. 

The company reported a consolidated net profit of ₹202.53 crore, up 35% against ₹149.90 crore registered in the year-ago period. Revenue from operations came in at ₹2,166.84 crore, up 22.5% from ₹1,768.34 crore logged in the corresponding quarter of the previous fiscal. 

Total income increased 21.4% to ₹2,185.65 crore from ₹1,800.21 crore in the June 2023 quarter. 

Deepak Nitrite Q4FY24 Results

The company posted an 8.54% rise in consolidated net profit to ₹253.85 crore for the March quarter on the back of higher income. The chemical firm reported a net profit of ₹233.86 crore in the year-ago period. Total income of the company increased 8.6% to ₹2,145.34 crore during the January-March period of FY24, from ₹1,973.93 crore a year earlier.

Expenses remained higher at ₹1,875.96 crore, compared with ₹1,658.78 crore in the said period. For the full 2023–24 fiscal, the company reported a 4.82% decline in consolidated net profit to ₹810.89 crore, compared with ₹852 crore in the previous fiscal.

About Deepak Nitrite

Deepak Nitrite share price

Shares of the company have surged 49% in the past 12 months and nearly 1,000% in the last five years.