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Deepak Nitrite rises after Q4 PAT jumps 68% YoY to Rs 290 cr

·1-min read

Consolidated profit before surged 94.1% to Rs 389.94 crore in Q4 FY21 from Rs 200.85 crore registered in Q4 FY20. Total expenses rose by 27.1% to Rs 1008.57 crore in Q4 FY21 over Q4 FY20. The result was announced after market hours yesterday, 5 May 2021.

Basic Chemical business grew by 8.66% to Rs 245.21 crore in Q4 FY21 over Q4 FY20. Fine & Speciality chemicals business rose by 30.3% year on year to Rs 205.95 crore in Q4 FY21. Phenolics segment soared by 76.57% to Rs 937.53 crore in Q4 FY21 from Rs 530.96 crore in Q4 FY20.

Meanwhile, performance products segment declined by 43.56% to Rs 86.66 crore in Q4 FY21 from Rs 153.54 crore in Q4 FY20.

The chemical maker reported a 27% jump in consolidated net profit to Rs 775.81 crore for the year ended March 2021 (FY21) from Rs 611.03 crore posted in the year ended March 2020 (FY20). Net sales grew by 3.1% to Rs 4359.75 crore in FY21 over FY20.

The board has approved a dividend of Rs 5.5 per equity share (including a special dividend of Rs 1 to commemorate Golden Jubilee year of the company).

Deepak Nitrite is one of the leading supplier of chemical intermediates. It has a diversified portfolio of intermediates that cater to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments in India and overseas.

Source: Capitalmarket.com

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