Chemical manufacturing company Deepak Nitrite Ltd on Monday (August 5) reported a 35.1% year-on-year (YoY) jump in net profit at ₹202.5 crore for the first quarter that ended June 30, 2024.

In the corresponding quarter, Deepak Nitrite posted a net profit of ₹150 crore, the company said in a regulatory filing. The company’s revenue from operations increased 22.5% to ₹2,166.8 crore against ₹1,768.3 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 47.4% to ₹309.2 crore in the first quarter of this fiscal over ₹209.7 crore in the year-ago period.

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The EBITDA margin stood at 14.35% in the reporting quarter compared to 11.9% in the first quarter of FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The results came after the close of the market hours. Shares of Deepak Nitrite Ltd ended at ₹2,956.40, down by ₹138.95, or 4.49%, on the BSE.