DEEPAK NITRITE  LIMITED
Registered Office : 9/10, Kunj Society, Alkapuri, Baroda 390 007
AUDITED  FINANCIAL  RESULTS
FOR THE YEAR  ENDED 31ST MARCH, 2005.
	Deepak Nitrite Ltd- Net Profit increase by 24 %, ups Dividend to 40 %.Deepak Nitrite Limited has posted higher turnover of Rs.321 Crores as compared to Rs.278 Crore in the previous year, an increase of 15 %. Export Turnover has increased to Rs.138 Crore from Rs.112 Crores in the previous year showing a growth of 23 %.PBT has increased by  58 % from Rs.9.41 Crores to Rs.14.87 Crores. After providing for current tax of  Rs. 1.03 Crores ( Rs.1.04 Crores ) & deferred tax of 3.78 Crores ( Rs. 0.2 Crores ) the PAT works out 24 % higher at Rs.10.05 Crores ( Rs.8.13 Crores ). The Company was able to register significant growth in operating profit due to sustained growth in performance of organic intermediates as well as Fine & Speciality Chemical segments.Earning Per Share has increased to Rs.16.81 from Rs.14.14 in the previous year. Enthused by the better Performance the Board of Directors recommended dividend of Rs.4 per hare  ( Rs.3 per share ). The Company's performance continues to be influenced by its two pronged focus on Exports & Research. Consolidation initiatives also add to improving Competitiveness.
						(Rs in.Lacs)
Sr.No	Particulars	Nine Months	Quarter Ended		Year Ended
		31/12/04	31/03/05	31/03/04	31/03/05	31/03/04
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)
1	Net Sales	21935.03	10191.65	7604.47	32126.68	27842.31
2	Other Operating Income	399.33	157.40	276.22	556.73	489.79
3	Other Income	144.95	73.43	190.16	218.38	699.77
4	Total Expenditure	20305.53	9196.98	6858.35	29502.51	25775.64
	a. (Increase)/Decrease in Stock in Trade	(517.96)	846.30	(40.21)	328.34	269.37
	b. Consumption of Raw Materials	14315.13	5677.36	4548.00	19992.49	16726.38
	c. Staff Cost	1661.09	836.80	815.76	2497.89	2195.17
	d. Other Expenditure	4847.27	1836.52	1534.80	6683.79	6584.72
5	Interest	660.42	251.76	366.66	912.18	1150.49
6	Depreciation	888.00	111.68	558.40	999.68	1163.82
7	Profit before tax	625.36	862.06	287.44	1487.42	941.92
8	Provision for taxation
	a. Current tax	35.43	67.97	33.59	103.40	103.59
	b. Deferred tax	219.73	158.62	37.41	378.35	21.41
9	Profit after tax	370.20	635.47	216.44	1005.67	816.92
10	Add (Less) : Prior Year’s adjustment /		-	(3.94)	-	(3.94)
	Extraordinary items
11	Net Profit	370.20	635.47	212.50	1005.67	812.98
12	Paid up Equity Share Capital	598.21	598.21	598.21	598.21	598.21
	(Face Value of Rs. 10/- each)
13	Reserves excluding revaluation reserve				7105.95	6490.51
14	Basic  EPS not annualised( Rs.)	6.19	10.62	3.70	16.81	14.14
15	Diluted  EPS not annualised( Rs.)	6.19	10.62	3.55	16.81	13.59
16	Aggregate of Non-Promoter Shareholding
	Number of Shares	3163879	3163879	3461579	3163879	3461579
	Percentage of Shareholding	52.89	52.89	57.87	52.89	57.87
SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
						(Rs in.Lacs)
Sr.No	Particulars	Nine Months	Quarter Ended		Year Ended
		31/12/04	31/03/05	31/03/04	31/03/05	31/03/04
		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)
1	Segment Revenue :
	a) Inorganic Intermediates	5061.61	1817.04	1914.95	6878.65	7350.57
	b) Organic Intermediates	13167.18	5867.78	4677.33	19034.96	15257.69
	c) Fine & Speciality Chemicals	4202.60	2739.48	1554.52	6942.08	5989.42
	d) Others	119.99	(35.32)	87.11	84.67	103.08
	Total	22551.38	10388.98	8233.91	32940.36	28700.76
	Less: Inter segment revenue	217.02	39.93	353.22	256.94	368.66
	Net Sales/Income from operations	22334.36	10349.05	7880.69	32683.42	28332.10
2	Segment Results before tax & Interest:
	a) Inorganic Intermediates	591.60	114.27	248.26	705.87	1316.43
	b) Organic Intermediates	901.64	695.96	258.08	1597.60	647.45
	c) Fine & Speciality Chemicals	439.57	745.97	266.10	1185.54	676.42
	Total	1932.81	1556.20	772.44	3489.01	2640.30
	Less: I)   Interest	660.42	251.76	366.66	912.18	1150.49
	ii)  Other un-allocable expenditure	647.03	442.38	122.28	1089.41	551.83
	Net of un-allocable Income
	Total Profit Before Tax	625.36	862.06	283.50	1487.42	937.98
3	Capital Employed :
	a) Inorganic Intermediates	3068.00	3069.60	2063.57	3069.60	3005.88
	b) Organic Intermediates	12266.77	12789.35	10873.70	12789.35	10873.70
	c) Fine & Speciality Chemicals	4792.36	5716.64	5127.36	5716.64	4185.05
	d) Other unallocable	1455.44	1216.52	1109.78	1216.52	1109.78
	Total	21582.57	22792.11	19174.41	22792.11	19174.41
	The Segment information has been suitably regrouped wherever necessary considering the nature of products.
NOTES:
1)	Previous year's figures, and figures for the  nine months ended 31/12/04 have been regrouped wherever considered necessary.
2)	The figures for the Current quarter ended 31/03/05 are not comparable with the corresponding figures of the previous quarter ended 31/03/04, as the entire operating results  of erstwhile Aryan Pesticides Limited  for the period from 1/04/03 to 31/03/04  were incorporated in the results for the quarter ended 31/03/04, after amalgamation with the Company.
3)	The Board of Directors has recommended  a dividend of 40% (forty percent) on Equity Shares of the Company for the year ended 31st March, 2005.
4)	There were no investor complaints pending as at the beginning of the quarter.The Company has not received any complaints from the investors during the quarter.
5)	Reschedulement of previous quarter's export orders to current quarter, siginificantly improved the performance.
6)	The above audited financial results have been reviewed by the Audit Committee and  approved by the Board of Directors at its meeting held on 4th May, 2005.
			For DEEPAK NITRITE LIMITED
MUMBAI,			D.C. MEHTA
4th May, 2005			MANAGING DIRECTOR