Deepak Nitrite Limited., a specialty chemical manufacturer based in India announced its results for the first quarter ended June 30, 2022.
Q1 Results- QoQ
The company’s net profit declined 12.2% to Rs 2.34 billion for the period ended June 30, 2022 as against net profit of Rs 2.67 billion for the previous quarter.
Net sales increased 10.2% to Rs 20.67 billion during the period ended June 30, 2022 as com-pared to Rs 18.75 billion during the previous quarter.
Q1 Results- YoY
The company’s net profit dropped 22.5% to Rs 2.34 billion for the period ended June 30, 2022 as against net profit of Rs 3.02 billion for the prior-year quarter.
Net sales increased 34.7% to Rs 20.67 billion during the period ended June 30, 2022 as com-pared to Rs 15.34 billion during the prior-year quarter.
Deepak Nitrite Limited is an Indian chemical company and is engaged in the manufacture and sale of agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. It has manufacturing facilities in Dahej, Vadodara (Gujarat) and Taloja (Maharashtra).