Deepak Nitrite Limited has reported consolidated financial results for the period ended June 30, 2024.

Deepak Nitrite Limited has posted net profit of Rs. 202.54 crores for the quarter ended June 30, 2024 as against net profit of Rs.149.90 crores for the quarter ended June 30, 2023, reflecting a growth of 35.12 per cent. The company posted net profit of Rs. 253.86 crores for the quarter ended March 31, 2024.

Deepak Nitrite Limited has reported total income of Rs. 2,185.65 crores during the quarter ended June 30, 2024 as compared to as compared to Rs. 1, 800.21 crores during the quarter ended June 30, 2023, registering a growth of 21.41 per cent. The company reported total income of Rs. 2,145.34 crores during the quarter ended March 31, 2024.

During the quarter ended June 30, 2024, Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite, has entered into Share Purchase Agreement with shareholders of Narmada Thermal Power Private Limited to acquire 1, 49, 10,070 Equity Shares of Rs. 10 each of NTPPL, representing 100 per cent paid up Equity Share Capital of NTPPL, for an aggregate consideration of Rs. 61.65 crores payable in cash.