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Deepak Nitrite held a conference call on 08 August 2024 to discuss the results for the quarter ended June 24 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 in Q1FY25 was up 21% to Rs 2186 crore driven by a combination of improved product mix, volume growth and proactive steps to target newer territories and newer customers. The Phenolics segment demonstrated strong YoY revenue growth, driven by improved realisations fuelled by robust demand and favourable spreads. Softer agrochemical demand was offset by higher contribution from other end-use sectors like dyes, pigments, paper, and homecare. It expects revival in agrochemicals segment in H2 FY25.
- EBITDA increased 36% to Rs 328 crore bolstered by operating leverage gains due to high plant utilization suppo...
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