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.