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Last Updated : Aug 09, 2017 10:53 AM IST | Source: Moneycontrol.com

Deepak Nitrite, Tata Chemicals down 5% on weak Q1 numbers

Tata Chemicals' Q1 consolidated net profit was down 13.6 percent at Rs 178 crore versus Rs 206 crore.

 
 
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Shares of Deepak Nitrite and Tata Chemicals fell more than 5 percent intraday Wednesday on the back of weak first quarter results.

Deepak Nitrite has reported 70 percent fall in its Q1 net profit at Rs 20.1 crore against Rs 67.4 crore, reported in same quarter last fiscal.

The company's revenue was up 6.4 percent at Rs 364 crore versus Rs 342 crore.

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Tata Chemicals' Q1 consolidated net profit was down 13.6 percent at Rs 178 crore versus Rs 206 crore.

It revenue fell 20.1 percent at Rs 2,667 crore versus Rs 3,340 crore.

At 10:48 hrs Tata Chemicals was quoting at Rs 571.70, down 4.20 percent and Deepak Nitrite was quoting at Rs 156.25, down 2.28 percent on the BSE.

Posted by Rakesh Patil
First Published on Aug 9, 2017 10:53 am
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