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15-Feb-2024

Deepak Nitrite

Stable performance

'Deepak Nitrite consolidated net sales increased 0.91% to Rs 2009.23 crore in Q3FY24 compared to Q3FY23.  Sales of Phenolics segment has gone up 14.20% to Rs 1,349.33 crore (accounting for 66.68% of total sales).  Sales of Advanced Intermediates segment has gone down 17.54% to Rs 674.30 crore (accounting for 33.32% of total sales).  Inter-segment sales rose Rs 8.31 crore to Rs 14.40 crore. 

Profit before interest, tax and other unallocable items (PBIT) has slumped 0.38% to Rs 273.44 crore.  PBIT of Phenolics segment rose 41.53% to Rs 179.77 crore (accounting for 65.74% of total PBIT).  PBIT of Advanced Intermediates segment fell 36.48% to Rs 93.67 crore (accounting for 34.26% of total PBIT). 

PBIT margin of Phenolics segment rose from 10.75% to 13.32%.  PBIT margin o...



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