Deepak Nitrite shares sink 13% as Q3 profit halves, margin pressures mount

Deepak Nitrite share price: Shares of Deepak Nitrite fell 15% to a 52-week low after the company reported a 51.5% year-on-year decline in Q3 net profit to Rs 98 crore. Revenue dropped 5.3% YoY due to weak demand, causing EBITDA to decline 44.7%, impacting operating margins significantly.

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