Deepak Nitrite Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Deepak Nitrite Ltd reported a 6.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.9%.
- Its expenses for the quarter were up by -0.0% QoQ and 2.3% YoY.
- The net profit decreased 49.5% QoQ and decreased 51.4% YoY.
- The earnings per share (EPS) of Deepak Nitrite Ltd stood at 7.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1924.39 | 2053.27 | 2022.78 | -6.3% | -4.9% |
Total Expenses | 1789.19 | 1789.24 | 1749.20 | -0.0% | 2.3% |
Profit Before Tax | 135.20 | 264.03 | 273.58 | -48.8% | -50.6% |
Tax | 37.07 | 69.83 | 71.54 | -46.9% | -48.2% |
Profit After Tax | 98.13 | 194.20 | 202.05 | -49.5% | -51.4% |
Earnings Per Share | 7.20 | 14.20 | 14.80 | -49.3% | -51.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Deepak Nitrite Ltd is a prominent player in the chemicals industry, primarily engaged in the production of basic chemicals, fine and specialty chemicals, and performance products. It caters to a wide range of industries including textiles, agro-products, pharmaceuticals, rubber, paper, and detergent industries. The company is headquartered in India and over the years has established itself as a key supplier in the chemical manufacturing sector. As of the latest available data, there are no significant recent developments or acquisitions reported for Deepak Nitrite Ltd. This report will analyze the financial performance of the company for the third quarter of the fiscal year 2025.
Revenue
In the third quarter of FY25, Deepak Nitrite Ltd reported a total income of ₹1,924.39 crores. This represents a decrease of 6.3% compared to the previous quarter (Q2FY25) where the total income was ₹2,053.27 crores. Additionally, there is a year-over-year decline of 4.9% when compared to Q3FY24, where the total income was ₹2,022.78 crores. The decrease in revenue both on a quarterly and yearly basis indicates a downward trend in the company's income generation during this period. These figures are critical for understanding the company's current standing in terms of revenue.
Profitability
Profitability for Deepak Nitrite Ltd experienced significant declines in the third quarter of FY25. The Profit Before Tax (PBT) stood at ₹135.20 crores, marking a decrease of 48.8% from the previous quarter's figure of ₹264.03 crores. Year-over-year, the decline was 50.6% from ₹273.58 crores in Q3FY24. The company's Profit After Tax (PAT) also decreased to ₹98.13 crores, reflecting a 49.5% drop from the previous quarter and a 51.4% fall from the same quarter last year. The Earnings Per Share (EPS) mirrored this trend, falling to ₹7.20 from ₹14.20 in Q2FY25 and ₹14.80 in Q3FY24. These declines highlight the company's reduced profitability over the observed periods.
Operating Metrics
The total expenses for the quarter remained relatively flat at ₹1,789.19 crores, compared to ₹1,789.24 crores in the previous quarter. Year-over-year, total expenses rose by 2.3% from ₹1,749.20 crores in Q3FY24. The tax expense for the quarter was ₹37.07 crores, which is 46.9% lower than Q2FY25 and 48.2% less than Q3FY24, aligning with the reduced pre-tax profitability. The consistent expense figures against declining income and profitability suggest challenges in operational efficiency or external market conditions impacting the business. These metrics are crucial for assessing the operational health and financial sustainability of Deepak Nitrite Ltd.
