Deepak Nitrite Limited reported its financial performance for the quarter ending September 30, 2024, showing growth in revenue but a slight dip in profit.
Key Financial Highlights (YoY and QoQ):
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- Revenue from Operations:
- YoY: The company recorded a revenue of ₹2,032 crore, up 14.3% from ₹1,778.03 crore in the corresponding quarter of the previous year.
- QoQ: The revenue decreased by 6.2% compared to ₹2,166.84 crore in the preceding quarter.
- Net Profit:
- YoY: The net profit for the quarter stood at ₹194.2 crore, marking a 5.3% decline from ₹205.08 crore in the same quarter last year.
- QoQ: Net profit showed a substantial drop of 4.1% from ₹202.53 crore in the previous quarter.
The company’s revenue growth on a year-over-year basis highlights its operational strength, although the slight decline in profits may point towards challenges in managing costs or other operational expenses.
