The shares of Deepak Nitrite Ltd (DNL) were trading at ₹1,945.25 down by ₹293 or 13.09 per cent on the NSE today at 10.30 am. The stocks hit its 52-week low today at ₹1,930.10.
Specialty chemicals manufacturer Deepak Nitrite Ltd (DNL) reported a 51 per cent decline in Q3 FY25 profit to ₹98 crore, impacted by higher input costs, weak demand in agrochemical intermediates, and plant shutdowns. Revenue fell 5 per cent YoY to ₹1,924 crore, while EBITDA slumped 40 per cent to ₹190 crore due to margin contraction.
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The company cited oversupply from China and deferred demand in key segments as major headwinds. The EBITDA margin fell to 10 per cent from 16 per cent YoY, reflecting increased raw material costs.
Despite near-term challenges, Deepak Nitrite is optimistic about demand revival in agrochemicals and expects domestic customers to resume purchases in Q4. The company also commissioned four new products in Q3 and is pushing ahead with its Nitric Acid and Polycarbonate Resin projects, aiming to complete major expansions by FY28.
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Chairman Deepak C. Mehta highlighted improved capacity utilization in phenolics and a steady recovery in agrochemical intermediates as key positives. He expects profitability to normalize from Q4 onwards.