Deepak Nitrite share price surged as much as 9% in Friday's trading session after the company reported strong set of numbers during the September quarter results FY27 on Thursday.
Deepak Nitrite shares opened at ₹1,580 per share on NSE today, as compared to previous close of ₹1,476 on Thursday and touched an intraday high of ₹1,615 apiece on 30 October.
Deepak Nitrite posted a strong financial performance in the second quarter of FY27, with its net profit rising more than threefold to ₹398 crore from ₹118.7 crore in the corresponding quarter of the previous financial year.
The company's revenue increased 61.7% year-on-year to ₹3,076 crore, compared with ₹1,901.9 crore in the year-ago period, according to its quarterly results.
EBITDA, or earnings before interest, tax, depreciation and amortisation, climbed to ₹627 crore from ₹204.3 crore in the corresponding quarter last year. Meanwhile, the EBITDA margin expanded significantly to 20.4% from 10.7% a year earlier, indicating a substantial improvement in operating profitability.