Deepak Nitrite Share Price Hits 52-Week Low Following Q3 FY25 Results

Deepak Nitrite Limited has been in focus on Monday. On February 17, 2025, Deepak Nitrite share price (NSE: DEEPAKNTR) opened at ₹1,886.00, down from its previous close of ₹1,900.50. At 11:28 AM, the share price of Deepak Nitrite was trading at ₹1,918.60, up by 0.95% on the NSE. Notably, the stock price touched its 52-week low today at ₹1,809.95.

The company announced its financial results for the quarter ended December 31, 2024. Post the announcement, on February 14, 2025, Deepak Nitrite share price opened at ₹2,050.10, and touched the day’s low at ₹1,872.30.

Q3 FY 2025 Financial Highlights

In Q3 FY25, the company reported a total income of ₹1,924 crore, marking a 5% decline year-on-year (YoY) and a 6% drop quarter-on-quarter (QoQ). The EBITDA for the quarter stood at ₹190 crore, reflecting a 40% YoY decrease and a 41% decline compared to the previous quarter.

Profit before tax (PBT) for Q3 FY25 was ₹135 crore, showing a 51% YoY fall and a 49% QoQ decrease.

For the nine months ending FY25, total income amounted to ₹6,163 crore, up by 10% YoY, while EBITDA stood at ₹836 crore, reflecting a 5% YoY decline. The company’s PBT for the 9M period was ₹674 crore, down 10% YoY.

Management Commentary

Commenting on the performance for Q3 & 9M FY25, the Chairman & Managing Director, Mr Deepak C. Mehta stated, “New products in the Group including upstream products like nitric acid and downstream products like MIBK, MIBC should be coming into operations in the next few months. In the meantime, our long-term plan for the polymer business is rapidly taking shape. Having entered into long-term agreements for pipeline supply of critical feedstock and contracted to acquire German assets for the final product viz polycarbonate resins, we are actively working to complete the entire value chain.”

He further added, “India continues to import almost 300kta of polycarbonate resin. Deepak will be producing about 160kta in the first phase. All our projects are targeted to be completed by the end of FY 2028. Overall, we remain committed to investing in strategic growth initiatives, including new product development and targeted market expansion, to ensure long-term value creation for our shareholders.”

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