Why Deepak Nitrite Shares Jump Record High 8 percent in Intraday

Share of Deepak Nitrite has climbed up to 8% on Monday in Intraday. In the fourth quarter of fiscal year 2019, the company standalone profit has increased 179 percent. During this period, the company profit was Rs 56.6 crore. A year ago, the company profit was only Rs 20.3 crore.

In the fourth quarter of Fiscal year 2019, the company earnings from operations increased by 23.6 percent to Rs 486 crore. The company revenues were 393 crore at this year.

In a statement the company said in the statement that the fourth quarter results are due to the company strategy. The company has increased its capacity which has benefited.

Company Result

Earning Tax, Depreciation and Amortization, EBITDA, we call it Total Income. The company EBITDA has reached 8.80 percent and reached 22.7 percent. In the same quarter last year, the company EBITDA was 13.9%.

Company Profile

It is a big company of commodity chemical. It has a lot of demand in domestic and industry. Due to the decrease of import from China, domestic companies have benefited.

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