Margin under pressure; guidance remains sketchy

Company
18 Nov 2024
5 Min read 
  • Deepak Nitrite (DN) stock experienced a 6% decrease in target price.
  •  Financials show a decline in EBITDA and PAT for FY25.
  •  The company's performance was led by Deepak Phenolics (DPL).
  •  Management expects a mixed business sentiment in 3QFY25.
  •  The company is undertaking a Polycarbonate Resins (PC) manufacturing project.
  •  Despite outperformance, EBITDA/EPS estimates were cut due to near-term margin pressure.
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