DEEPAK NITRITE  LIMITED
Registered Office : 9/10, Kunj Society, Alkapuri, Baroda 390 007
UNAUDITED  FINANCIAL  RESULTS  (PROVISIONAL)
FOR THE QUARTER AND NINE MONTHS  ENDED 31ST DECEMBER, 2004.
Sr.No	Particulars		Quarter Ended		Nine Months Ended		Year Ended
			31/12/04	31/12/03	31/12/04	31/12/03	31-03-2004
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Net Sales		8173.26	7134.15	21935.03	20237.84	27842.31
2	Other Operating Income		93.54	34.65	220.89	155.92	326.69
3	Other Income		16.98	352.72	132.64	521.39	766.93
4	Total Expenditure		7449.60	6684.37	20114.78	18871.42	25679.70
	a. (Increase)/Decrease in Stock in Trade		(627.27)	271.65	(517.96)	309.58	269.37
	b. Consumption of Raw Materials		6118.32	4163.58	14315.13	12178.38	16726.38
	c. Staff Cost		530.33	476.86	1661.09	1379.41	2195.17
	d. Other Expenditure		1428.22	1772.28	4656.52	5004.05	6488.78
5	Interest		241.93	234.37	660.42	783.83	1150.49
6	Depreciation		291.91	208.88	888.00	605.42	1163.82
7	Profit before tax		300.34	393.90	625.36	654.48	941.92
8	Provision for taxation
	a. Current tax		23.55	10.00	49.03	70.00	103.59
	b. Deferred tax		102.69	(5.00)	219.73	(16.00)	21.41
9	Profit after tax		174.10	388.90	356.60	600.48	816.92
10	Add (Less) : Prior Year’s adjustment /		0.00	0.00	13.60	0.00	(3.94)
	Extraordinary items
11	Net Profit		174.10	388.90	370.20	600.48	812.98
12	Paid up Equity Share Capital		598.21	575.00	598.21	575.00	598.21
	(Face Value of Rs. 10/- each)
13	Reserves excluding revaluation reserve						6490.51
14	Basic  EPS not annualised( Rs.)		2.91	6.76	6.19	10.44	14.14
15	Diluted  EPS not annualised( Rs.)		2.91	6.76	6.19	10.44	13.59
16	Aggregate of Non-Promoter Shareholding
	Number of Shares		3163879	3229517	3163879	3229517	3461579
	Percentage of Shareholding		52.89	56.17	52.89	56.17	57.87
SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
Sr.No	Particulars		Quarter Ended		Nine Months Ended		Year ended
			31/12/04	31/12/03	31/12/04	31/12/03	31-03-2004
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue :
	a) Inorganic Intermediates		1754.33	1730.99	5042.04	5508.20	7317.42
	b) Organic Intermediates		5264.75	3896.42	13119.68	10563.45	15236.84
	c) Fine & Speciality Chemicals		1286.44	1543.97	4211.22	4337.55	5983.40
	Total		8305.52	7171.38	22372.94	20409.20	28537.66
	Less: Inter segment revenue		38.72	2.58	217.02	15.44	368.66
	Net Sales/Income from operations		8266.80	7168.80	22155.92	20393.76	28169.00
2	Segment Results before tax & Interest:
	a) Inorganic Intermediates		163.94	324.12	591.60	1056.39	1316.43
	b) Organic Intermediates		321.30	185.76	901.64	389.37	647.45
	c) Fine & Speciality Chemicals		109.66	98.48	439.57	422.10	676.42
	Total		594.90	608.36	1932.81	1867.86	2640.30
	Less: I)   Interest		241.93	234.37	660.42	783.83	1150.49
	ii)  Other un-allocable expenditure		52.63	-18.91	633.43	429.55	551.83
	Net of un-allocable Income
	Total Profit Before Tax		300.34	393.90	638.96	654.48	937.98
3	Capital Employed :
	a) Inorganic Intermediates		3068.00	3162.11	3068.00	3162.11	3005.88
	b) Organic Intermediates		12266.77	10246.49	12266.77	10246.49	10873.70
	c) Fine & Speciality Chemicals		4792.36	4043.75	4792.36	4043.75	4185.05
	d) Other unallocable		1455.44	1595.09	1455.44	1595.09	1109.78
	Total		21582.57	19047.44	21582.57	19047.44	19174.41
	The Segment Information has been suitably regrouped wherever necessary considering the nature of products.
NOTES:
1)	Previous year's figures, wherever necessary, have been regrouped in order to conform to this year's classificaiton.
2)	The Auditors of the Company have conducted a limited review of the results for the nine months ended 31st December,2004.
3)	The figures of the period  under review are of the merged entity after the amalgamation of the erstwhile Aryan Pesticides Ltd (APL) with the Company, hence the results are not comparable with the corresponding period of the previous year.
4)	In keeping with Accounting Standard 28 issued by the ICAI on " Impairment of Assets" provision for impairment, if any, as at 1st April 2004, will be ascertained and adjusted at the end of the financial year against opening balance of general reserve.
5)	The Company had received two complaints from investors during the quarter which were resolved.  No complaint was pending at the beginning or end of the quarter.
6)	The above unaudited financial results have been reviewed by the Audit Committee and   taken on record by the Board of Directors at its meeting held on 31st January, 2005.
						For DEEPAK NITRITE LIMITED
MUMBAI,						D. C .MEHTA
31st January, 2005.						MANAGING DIRECTOR