Prabhudas Lilladher Reduces Deepak Nitrite Rating, Sets Rs 1,419 Target
The report cites Deepak Nitrite's Q2FY27 consolidated revenue, up 62% year over year and 19% quarter over quarter. Its Phenolics segment recorded its highest-ever quarterly revenue, up 72% year over year and 29% quarter over quarter; EBIT increased.
Prabhudas Lilladher's research report on Deepak NitriteDeepak Nitrite reported consolidated revenue of INR30.7bn in Q2FY27, up 62% YoY and 19% QoQ, The Phenolics segment delivered its highest ever quarterly revenue of INR22.9bn, up 72% YoY and 29% QoQ, while EBIT increased to INR5.2bn, with reporte…