Deepak Nitrite Ltd shares: Deepak Nitrite Ltd (DNL) shares hit a lower circuit during early trade on February 14. During this period, the company's stock fell by 10 percent to Rs 2,014. In fact, the company's quarterly results have shown a huge decline in net profit and revenue, the effect of which is being seen on the company's shares.
In the December 2024 quarter, the net profit of this chemical manufacturing company was 51.5 percent year-on-year, while the earnings fell to Rs 98 crore. This figure was Rs 202 crore in the same period last year. The impact of reduction in sales and sharp decline in operating margin was seen on the performance of the company.
Deepak Nitrate is a major player in India's chemical sector and manufactures chemicals for industries such as agrochemicals, paints and pharmaceuticals. Margin pressure continues on the company, so experts believe that cost reduction measures and capacity enhancement will be very important for the company's growth in future. During the relevant period, the company's revenue fell by 5.3 percent to Rs 1,903.4 crore, while in the same period last year this figure was Rs 2,009.2 crore. During this period, the company's EBITDA fell by 44.7 percent to Rs 168.5 crore, while in the same period last year this figure was Rs 304.6 crore.
