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Deepak Nitrite held a conference call on 15 February 2024 to discuss the results for the quarter ended December 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

• Revenue growth of 13% on a QoQ basis in Q3FY24 was anchored by solid growth in phenolics segment, which witnessed robust volume gains coupled with improved realizations. This was achieved by focussed initiatives to drive operating efficiency and undertake de-bottlenecking of phenolics plant leading to record production levels.

• EBITDA was lower by 3% YoY to Rs 318 crore during Q3FY24, impacted by high input prices which is yet to be fully passed on to the customers. While prices of some key inputs declined, prices of petrochemical linked inputs remained firm due to low operating rates in refineries.

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