Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation Ltd on Wednesday, July 26, reported a
57 percent quarter-on-quarter (QoQ) decline in net profit at Rs 110 crore for the first quarter that ended on June 30, 2023 (Q1FY24). The same was Rs 255 crore in the previous March quarter (Q4FY23).
The company's revenue from operations stood at Rs 2,313 crore during the period under review, down 17 percent against Rs 2,795 crore in the last quarter of the previous fiscal.
At the operating level, EBITDA declined 40 percent to Rs 281 crore in the June quarter of this fiscal over Rs 469 crore in the March quarter, while margins stood at 12.1 percent versus 16.8 percent QoQ. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Shares of Deepak Fertilisers and Petrochemicals Corp closed 7 percent lower at Rs 551.20 apiece in trade today. On a year-to-date basis, the stock is down 22 percent, while it fell 3 percent in a month.
First Published: Jul 26, 2023 3:27 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM
Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats
May 15, 2024 8:09 PM