Deepak Nitrite Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022.
Q4 Results
The company’s net profit declined by 7.9% to Rs 2.67 billion for the period ended March 31, 2022 as against Rs 2.90 billion for the period ended March 31, 2021.
Net sales increased by 27.7% to Rs 18.75 billion during the period ended March 31, 2022 as compared to Rs 14.69 billion during the period ended March 31, 2021.
Full-Year Results
The company’s net profit increased by 37.5% to Rs 10.66 billion for the full-year period ended March 31, 2022 as against Rs 7.75 billion for the full-year period ended March 31, 2021.
The company has reported net sales of Rs 68.45 billion during the full-year period ended March 31, 2022, an increase of 56.2% as compared to Rs 43.81 billion during the full-year period ended March 31, 2021.
The company has reported EPS of Rs 78.2 for the full-year period ended March 31, 2022 as compared to Rs 56.88 for the full-year period ended March 31, 2021.
Deepak Nitrite Ltd is mainly engaged in the business of manufacture and selling of Agrochemicals, Colourants, Rubber, Pharmaceuticals, Speciality & Fine chemicals.