Deepak Nitrite: September ’22 Results Update
Moneylife Digital Team 22 November 2022
Deepak Nitrite reported weaker numbers in Q2FY22-23. Revenue rose by 17% y-o-y (year-on-year) to Rs1,962 crore, driven by volume growth in advance intermediates and phenolics segment. However, growth was impacted due to a fire at Nandesari (Gujarat) which resulted in 100% loss of production for a month and led to a 15% decline in production volume.
Sales of advance intermediates grew by 26%...
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