Deepak Nitrite plunges on reporting 51% fall in Q3 consolidated net profit
Deepak Nitrite is currently trading at Rs. 1904.05, down by 332.75 points or 14.88% from its previous closing of Rs. 2236.80 on the BSE.
The scrip opened at Rs. 2050.00 and has touched a high and low of Rs. 2099.00 and Rs. 1874.00 respectively. So far 231207 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3168.65 on 01-Aug-2024 and a 52 week low of Rs. 1874.00 on 14-Feb-2025.
Last one week high and low of the scrip stood at Rs. 2357.30 and Rs. 1874.00 respectively. The current market cap of the company is Rs. 26069.48 crore.
The promoters holding in the company stood at 49.24%, while Institutions and Non-Institutions held 29.82% and 20.94% respectively.
Deepak Nitrite has reported 76.85% decline in its net profit at Rs 17.25 crore for Q3FY25 as compared to Rs 74.51 crore for the same quarter in the previous year. Total income of the company decreased by 18.36% at Rs 559.27 crore for Q3FY25 as compared to Rs 685.02 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 51.43% decline in its net profit at Rs 98.13 crore for the quarter ended December 31, 2024 as compared to Rs 202.05 crore for the same quarter in the previous year. Total income of the company decreased marginally by 4.86% at Rs 1924.39 crore for Q3FY25 as compared to Rs 2022.78 crore for the corresponding quarter previous year.
