Deepak Nitrite Ltd reports consolidated PAT of Rs. 216.56 crores in Q3FY21

DEEPAK NITRITE LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1239.57 crores during the period ended December 31, 2020 as compared to Rs.991.29 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.216.56 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.170.19 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.15.88 for the period ended December 31, 2020 as compared to Rs.12.48 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1239.57 crs	₹ 991.29 crs	25.05%
Net Profit	₹ 216.56 crs	₹ 170.19 crs	27.25%
EPS	₹ 15.88	₹ 12.48	27.24%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1239.57 crores during the period ended December 31, 2020 as compared to Rs.1134.60 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.216.56 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.156.71 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.15.88 for the period ended December 31, 2020 as compared to Rs.11.49 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1239.57 crs	₹ 1134.60 crs	9.25%
Net Profit	₹ 216.56 crs	₹ 156.71 crs	38.19%
EPS	₹ 15.88	₹ 11.49	38.21%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2912.10 crores during the 9 months period ended December 31, 2020 as compared to Rs.3208.35 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.485.70 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.438.73 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.35.61 for the 9 months period ended December 31, 2020 as compared to Rs.32.17 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 2912.10 crs	₹ 3208.35 crs	-9.23%
Net Profit	₹ 485.70 crs	₹ 438.73 crs	10.71%
EPS	₹ 35.61	₹32.17	10.69%

Shares of DEEPAK NITRITE LTD. was last trading in BSE at Rs.1110.1 as compared to the previous close of Rs. 1130.4. The total number of shares traded during the day was 125662 in over 9527 trades.

The stock hit an intraday high of Rs. 1159 and intraday low of 1098.1. The net turnover during the day was Rs. 141995965.

Source : Equity Bulls

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