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Business EconomyPosted at: Feb 16 2019 5:21PM


Deepak Nitrite Limited reports growth of 22 pc in Q3 FY19

New Delhi, Feb 16 (UNI) Deepak Nitrite Limited has reported a growth of 21.9 per cent in its standalone revenues at Rs 4,523 million in Q3-FY19 as against Rs 3,711 million in Q3-FY18, according to a statement here.
The growth was driven better performances by all the segments of the company with Fine & Specialty Chemicals segment posting better growth over other larger Basic Chemicals segment. During the quarter the company has also posted strong growth in its relatively smaller Performance products segment as a result of various reorientation efforts undertaken by the company over past few quarters.
On the profitability front, the company’s operating margins stood 14.6 pc at Rs 662 million in Q3-FY19 as against 14.1 per cent at Rs 522 million in Q3-FY18, an improvement of ~50 basis points over same quarter previous year. The improvement in operating performance was mainly attributable to a combination of higher realisation of products across all business segments, operating leverage and cost rationalisation in operations.
The release also stated the PAT margins for the company during the quarter stood 7 pc at Rs 316 million as against 5.5 pc at Rs 203 million in Q3-FY18.
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