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Deepak Nitrite held a conference call on 09 November 2023 to discuss the results for the quarter ended September 23 and way forward. Mr. Maulik Mehta, Executive Director and Chief Executive Officer, Mr. Sanjay Upadhyay – Director, Finance & Group CFO and Mr. Somsekhar Nanda –CFO of the company addressed the call.

Highlights of the Concall

• Revenues decreased 9% in Q2FY24 to Rs 1788.05 crore compared to Q2FY23 due to lower realizations

• Ebitda during the quarter has been impacted by input cost and a migration to relatively non-native markets for some of its products which earlier had a home in geography such as the Euro Zone

• Domestic business generated revenues of Rs 1437 crores while exports were at Rs 341 crore during the quarter

• The global chemical industry continued to witness considerable challenges in Q2FY24. The industry has witness demand slowdown in certain countries and segments. There has been inventory destock...
  
  
  
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