Deepak Nitrite Share Price Spikes After Q4 Revenue Growth
The company reported a revenue increase of 2.5%, reaching Rs 2,179.69 crore compared to Rs 2,126.21 crore in the same quarter last year.
Deepak Nitrite Ltd.'s share price gained over 4% following the announcement of its Q4 results for the fiscal 2025. The company showed growth in revenue and Ebitda, but it's net profit took a significant hit.
The company reported a revenue increase of 2.5%, reaching Rs 2,179.69 crore compared to Rs 2,126.21 crore in the same quarter last year.
Earnings before interest, taxes, depreciation, and amortisation rose by 5% to Rs 316.51 crore from Rs 301.12 crore. The Ebitda margin slightly improved to 14.5% from 14.2%.
However, net profit saw a sharp decline of 20%, falling to Rs 202.41 crore from Rs 253.86 crore. The company recorded an exceptional gain of Rs 79.8 crore in Q4 FY24.
Deepak Nitrite Share Price Today
The scrip rose as much as 4.74% to Rs 2,095 apiece. It pared gains to trade 1.49% higher at Rs 2,030 apiece, as of 09:43 a.m. This compares to a 0.19% advance in the NSE Nifty 50.
The stock has fallen 10.48% in the last 12 months. Total traded volume so far in the day stood at 23 times its 30-day average. The relative strength index was at 51.
Out of 21 analysts tracking the company, 12 maintain a 'buy' rating, four recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 2%.
