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10-Feb-2023

Deepak Nitrite

Plans capex of about Rs 1500 crore for FY23 and FY24


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Deepak Nitrite held a conference call on 09 February 2023 to discuss the results for the quarter ended December'22 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

  • The operating environment continues to be highly dynamic. The recalibration of global supply chains over the last year due to various factors like the sanctions on Russia, China closing and then reopening continue to play out further, as the Chinese economy is reopening after very, very strict COVID protocols. The company expects that it will continue to remain dynamic at least for the next couple of months as the situation gets normalized. These developments have certainly affected the supply and demand of key intermediates.

  • Strong topline performance (up 16% YoY and 2% QoQ) was driven by maintaining leadershi...



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