Deepak Nitrite Q3FY11 up by 21% at Rs 171.11Cr

Q3 & 9MFY2011 INVESTOR COMMUNICATION

Growth driven by higher volumes, new products

Deepak Nitrite (DNL), a leading manufacturer of organic, inorganic, fine & specialty chemicals and preferred business partner of global chemical companies, has announced its financial results for the third quarter and nine months ended December 31, 2010.

Financial Highlights

Revenues for Q3FY11 of Rs. 171.11 crore were higher by 21% when compared to revenues of Rs. 141.18 crore in Q3FY10. This was driven by an increase in volumes by 23%.

EBITDA for Q3FY11 of Rs. 14.88 crore is higher by 31% when compared to EBITDA of Rs. 11.33 crore in Q3FY10.

PAT for Q3FY11 of Rs. 6.61 crore is higher by 20% when compared to Rs. 5.53 crore in Q3FY10.

For the nine months ended December 31, 2011 the Company has reported revenues of Rs. 471.79 crore resulting in growth of 26% when compared to the revenues of Rs. 374.54 crore in 9MFY10.

PAT for 9MFY11 of Rs. 17.98 crore is higher by 34% when compared to Rs. 13.40 crore in 9MFY10.

MD