Deepak Nitrite Limited Reports Earnings Results for the Full Year Ended March 31, 2023
May 11, 2023 at 03:14 pm
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Deepak Nitrite Limited reported earnings results for the full year ended March 31, 2023. For the full year, the company reported sales was INR 79,720.6 million compared to INR 68,021.9 million a year ago. Revenue was INR 80,196.4 million compared to INR 68,448 million a year ago.
Net income was INR 8,520 million compared to INR 10,666.4 million a year ago. Basic earnings per share from continuing operations was INR 62.47 compared to INR 78.2 a year ago.
Deepak Nitrite Limited is an India-based company, which is engaged in manufacturing and trading of chemicals. The Company operates through two segments: Advanced Intermediates and Phenolics. Its Advanced Intermediates segment offers sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, nitrosyl sulphuric acid, xylidines, oximes, cumidines, specialty agrochemicals, optical brightening agent (OBA), diamino stilbene disulfonic acid (DASDA). Its Phenolics segment offers cumene, phenol, acetone, isopropyl alcohol, ammonium sulfate (AMS). The Company's products cater to several industries, such as colorants, rubber chemicals, explosives, dyes, pigments, food colors, pharmaceuticals, diesel blending, agrochemicals, glass, personal care, paper, detergents and textiles, laminates, ply, adhesive, paints, auto, pharmaceuticals, plastics, and others. The Company's manufacturing facilities are located at Nandesari, Dahej (Gujarat), Roha, Taloja (Maharashtra) and Hyderabad (Telangana).