Deepak Nitrite Demonstrates Healthy Performance in Q2 and H1 FY2019

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- Revenue at Rs. 433.0 crore Vs. Rs. 356.2 crore in Q2 FY18, up by 22%
- EBITDA at Rs. 68.9 crore Vs. Rs. 53.8 crore in Q2 FY18, growth of 28%
- PAT at Rs. 28.1 crore Vs. Rs. 22.7 crore in Q2 FY18, higher by 23.7%
- Greenfield Project of Phenol and Acetone to commence commercial production shortly
CMD's Message

Commenting on the performance, Mr. Deepak C. Mehta, Chairman & Managing Director, said, "Deepak Nitrite has delivered a strong all-round performance during the quarter under review led by healthy demand in the domestic market. Amidst the backdrop of a challenging business environment characterised by rising trade tensions as well as volatile prices of crude price and related petrochemicals, we have delivered double digit growth of 22% in Revenues and 24% in Profit After Tax."

The 'Greenfield Project' to manufacture phenol and acetone under Deepak Phenolics will commence commercial production shortly and this will be a significant milestone in Deepak Nitrite's growth trajectory. It will also serve as a springboard for downstream products which are by themselves import substitutes. A growing domestic demand deserves a stable domestic supply."
Financial Highlights (Standalone)
Q2 FY2019
Performance Highlights
Domestic and Exports
Update on Phenol and Acetone Project
Progress:
About Deepak Nitrite Limited
Safe Harbour