In Tuesday’s trading session, the shares of a leading chemical intermediate producer surged by 4.2 percent to Rs. 3,079.75, after reporting financial results for Q1 FY24-25 with a rise in the net profit of 35 percent YoY to Rs. 202.5 crore.
With a market capitalisation of Rs. 41,640.8 crore, at 12:00 p.m., the shares of Deepak Nitrite (NS:DPNT) Limited were trading in the green at Rs. 3,053, up by 3.3 percent, as against its previous closing price of Rs. 2,954.7.
Is Deepak Nitrite a buy or sell? What is its Fair Value? What are the company's health parameters? What are the positive and negative factors driving the company -- ProTips? Know all the answers on the company's overview page here.
What’s the News:
The fluctuations in the share prices were observed after the company announced the financial results for Q1 FY24-25, through the recent filings with the stock exchanges on Monday post-market hours.
The revenue from operations for Q1 FY24-25 stood at Rs. 2,167 crores, marking a 22.5 percent YoY rise from Rs. 1,768.3 crores in Q1 FY23-24, as well as a 2 percent growth quarter-on-quarter from Rs. 2,126.2 crores in Q4 FY23-24.
The net profit jumped by 35 percent YoY to Rs. 202.5 crores in Q1 FY24-25, as against Rs. 150 crores in Q1 FY23-24, but on a quarter-on-quarter basis, it declined by 20.2 percent from Rs. 211 crores in Q4 FY23-24.
Stock Performance
The shares of Deepak Nitrite Limited have delivered positive returns of nearly 50 percent in one year as well as around 24 percent returns year-to-date.
About the Company:
Deepak Nitrite Limited is a chemical intermediates company in India with a diversified portfolio of products that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments and petrol derivates intermediates in India and overseas.
Deepak Nitrite is the largest producer of phenol, acetone, IPA and sodium nitrite in India.
Written by Shivani Singh
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