Deepak Nitrite has posted Good set of numbers for Q2 FY19.
Revenues Increased 22% to Rs.433 Crs
EBITA increased 28% to Rs.68.9 Crs
PAT increased to Rs.28.1 Crs increase of over 23.7%
Mega Phenolic project has successfully completed Trial Runs and completed pre-commisioning stage.
Products produced are of Global standards and are accepted widely by Customers and had recieved purchase Orders.
According to our sources Plant should be commissioned in next few weeks.
We anticipate huge spurt in Revenues from next Quarter and profits to grow rapidly from Q4 FY19 although next Quarter will also see improvement in profits.
Starting next Year and Revenues Profits to grow at much faster peace.
We hope recent Declines must have been used by smart investors to add the stock in portfolio.