Deepak Nitrite Q2 FY24 results: profit rise by 17.54% YOY
Deepak Nitrite, a leading chemical company, announced their Q2 FY24 results on 07 Nov, 2023. The company reported a decrease in revenue by 9.36% compared to the same quarter last year. However, the profit increased by 17.54% year-on-year.
In comparison to the previous quarter, Deepak Nitrite witnessed a slight growth in revenue by 0.55% and a significant increase in profit by 36.81%. The company's Selling, general & administrative expenses also saw a slight rise of 0.69% quarter-on-quarter and a notable increase of 8.01% year-on-year. Deepak Nitrite's operating income showed a significant improvement, with a growth of 53.1% quarter-on-quarter and an increase of 15.05% year-on-year.
The company's earnings per share (EPS) for Q2 FY24 stood at ₹15.04, which is a 17.59% increase compared to the same quarter last year. In terms of returns, Deepak Nitrite has delivered a 9.25% return in the last 1 week, a 9.33% return in the last 6 months, and a 7.86% year-to-date return. Currently, Deepak Nitrite has a market capitalization of ₹29205.84 Cr and its 52-week high and low are ₹2372.7 and ₹1730 respectively.
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