Deepak Nitrite Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 24, 2022 at 12:00 pm
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Deepak Nitrite Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 17,222.7 million compared to INR 12,346.9 million a year ago. Revenue was INR 17,480.2 million compared to INR 12,395.7 million a year ago. Net income was INR 2,424.6 million compared to INR 2,165.6 million a year ago. Basic earnings per share from continuing operations was INR 17.78 compared to INR 15.88 a year ago.
For the nine months, sales was INR 49,298.4 million compared to INR 28,965.2 million a year ago. Revenue was INR 49,689.1 million compared to INR 29,121 million a year ago. Net income was INR 7,994.3 million compared to INR 4,857 million a year ago. Basic earnings per share from continuing operations was INR 58.61 compared to INR 35.61 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).