Deepak Fertilisers hits record high on strong Q2; zooms 149% from June low

Quick Summary:

Operating revenue grew 13 per cent year-on-year (Y-o-Y) and 20 per cent quarter-on-quarter (Q-o-Q) at Rs 2,747 crore.

The mining and infrastructure is expected to pick up post monsoon as demand for Power (Coal), Cement & Steel is expected to increase thereby providing robust support for TAN demand.

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin improved to 18 per cent compared to 12 per cent in the year-ago quarter.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Markets Industrial chemicals Technical ammonium nitrate TAN Fertilizers Q2 Mining chemical Crop nutrition DFPCL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:47:24 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23324925

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