AN DEEPAK NITRITE LIMITED DNL/138/860/2016 August 4, 2016 Department of Corporate Services BSE Lid. Phiroje Jeejeebhoy Towers Dalal Street MUMBAI 00 O01 Dear Sir, Scrip Code 16401 Re: Una Financial Results for the Quarter ended 30" June, 2016 We wish to inform you that the Board of Directors of the Company at their meeting held today i.e. 4" August, 2016 has considered and approved the Un-audited Financial Results for the Quarter ended 30" June, 2016. Pursuant to Regulation 33 of SEBI (Listing obligation and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are sending herewith Un-audited Financial Results for the Quarter ended 30" June, 2016, duly signed by the Vice Chairman and Managing Director of the Company. Further, we also enclose herewith Limited Review Report of M/s B. K. Khare & Co., Chartered Accountants, Statutory Auditors of the Company as required under Regulation 33, of the Listing Regulations. ‘The Board Meeting commenced at 4:00 P.M. and concluded at 6:55 P.M. Please take the same on your record. ‘Thanking you, Yours faithfully For DEEPAK NITRITE LIMITED. Enel: as above Corporate Office: Aadia I, National Highway No. 8, Chiari Road, Vadodara 990 024 To. +91 - 265 - 2765200, 3960200 Fax : +91 - 285 - 2340900 Website : wav. ceepaniit.com Rega. ofc: 8/10, Kun Society, Akapur, Vadodara 380 007, ToL : #91205 233 44/62 Fax: v1 - 265-253 0294 Investor Relation Contact: invesior@deepakntite.com Corporate Identity Number: L24110GJ1970PLCOD1TI5HE ODEEPAK NITRITE LiMiTED Registered Office : 9/10, Kun} Society, alkapur, Vadodara - 390007 Web site: www.deepaknitrite.com, Investors Relation Contact: investor@deepaknitite.com 191-265,23344B1/82, Fax: +91-265,2330994 osporate Identification Number: L24110GJ1970PLCOO1735,Tel STAND-ALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2016 Rein Lass a Partiealare juror Ended Year Enda No. 3O0GIOTE | 30.06.2015 | 31.03.2076 | 31.03.2016 _ {Unaucitea) | (Unaucited) | “(Ausites) |" visited) 1 Income from operations (a Net Saesrincome fram operations Net of excise duty) sior3.04| 3337.16] 33,583.08] 1,32,035.28 ts) Otner operating income 356.52 | "195.01, ‘92.41 1537.24 [Total income from operations (net) 3136956] s3asz17| — 34075.46 | 1,33,57252 2 [expenses a est of materials consumed sora | 21,726.90] 18,550.38] 79,629.02 Purchases of stock in-trade lc) Changes in inventories of finished goods, Work-in-progress and tockin-trade 963.60)] 122.07] 1,090.33 (654.3) a Employee benefits expense 3202.00] 2,780.57) 2,938.81 | 11,607.95 fe) Depreciation and amortisation expense 4051.47] ‘948.74 | 1,026.50 31946.08 If) Power & Fuel expense ze76.15| 3,118.66] 2755.37] 1181494 [) Other expenses 3sa7-az| 3,530.58 4,078.04 14,507.08 [Total expenses wsisiea4| 30.9838] 30,439.43] 1,20,849.71 4, Profit Lass) from Operations before Other income, Finance costs land Exceptional tems (1-2) zaszz| 2808.7| 3,636.03) 2,722.81 4 fotner income 728.95, 20.02 01 15433 5 [Profit Loss) from ordinary activites before Finance costs and Exceptional tems (3 = 4) 3001.67] 2,868.81] 3,715.4] s2a77.14 6 |rinance costs 1837.35 | 1,002.02 7783 374463 7 [raft Loss) from Ordinary activities after Finance costs but before lexceptional tems (5 + 6) 224432] 1,066.79] 2,997.51 93251 8. lexcepsional items 7orr18 9 [profit (Les) from Ordinary activities before Tax (748) giszs0| 1,866.79| 2,937.51 east 10 frax Expense 2)535.63| ‘531.04 ‘B61.31 2617.60 11 |Net Profit/(Lss) from Ordinary activities after Tax (9210) 6,7—5.87| 1,335.75 2,086.20 e149 12 Extraordinary items (Net of Tax expenses) : - 13 Net Profit (Los) forthe period (1112) 6,75.87| 1,335.75| 2,056.20 651491 14 JPaidep Equity share Capital (Face Value of Rs. 2/- each ) 23325.76| 24080.76| 2,325.76 2325.76 5, [Reserve excluding Revaluation Reserves as per Balance Sheet of previous accountina year 45,186.82 6.1. Jeamings per share (Face value of Rs. 2/- each) (nt annualised) J) Basie 5.4 128 178 07] >) diutea 584 128 178 6.07) 16. JEanings per share - befoe exceptional item Face value of Rs. 2/- each) (not annualised) a) Basic 135 128 178 6.07) by bites 135 28 178 6.07CM ODEEPAK NITRITE LIMITED Registered Office: 9/10, Kun} Society, Akapur, Vadodara «390 007 Web site: wnw.deepaknitete.com, Investors Relation Contact: nvestor@deepakitrite.com Corporate Identification Number: L247 106 /1970PL.COD1735,Tel.:+91-265-2334481/82, Fax: +91-265-2330994 SSEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED co Partietars Guerter Ended No. ODETTE | 30.06.2015 | 34.05.7076 | 31.03.2016 (Unaudited) | (Unaudited) | “tudited) | (Audited) 1 [ieament Revenue J) Basic chemicals 15,501.49 | re,109.04] 14689.27] 67,455.64 lo Fine & Specaity chemicals sarras| 9,525.22] 12,287.66) 39,336.81 J) Performance Products en7sz| 6.21399] 7aaaa] 27,368.25, la) others urallocable 15439 93.35 "01.82 578.38 froma 3170474) 34021.60] 34,323.19] 1,34,739.08, less: Inter segment revenue aa5.18| 199.43 24.73 1,166.56 |e SaleaTincame Tom operations TEASE TAIT | — OTe | —TTTSTET | 2. {segment Results before Tax & Interest: a) Basic Chemicals 1779s] 1,98409| 1,821.94 7,958.84 lb) Fine & Speciality Chemicals zasor| 215.0) 3,112.79 971863 Jc) Performance Products (293.70) (ata.iy) 91.64] ‘@7.53] Jroxat 4an3z] 392141] 4,603.09] 16,006.88 bess) Interest '33735| 00202 77763 3763 fi) Other un-llocable expenditure 6,829.53] 1,052.60 927.95 3ine.r4 Neto unallocable Income [Total Prat Before Tax S50 | 18 REA ST 3. |copital employed : a) Basic Chemicals 25,084.02 | 24,924.12] 20,944.39] 70,944.39 lb) Fine & Speciality Chemicals zrqiv.7s| 72,666.58| 29,309.37) 29,308.37 ) Performance Products a5.970.44| 40,043.44] 37,084.19] 37,084.19. ) Other unallocable wreaso| 4,960.20] 15,246.22) 15,246.22 [Tota Te 775 | waa | ORs | OT SBT NOTES: 11 The above Unaudited financial results were reviewed by the Audit Committee and have been considered and approved by the Board of Directors at their meeting held on 4 August, 2016 2 The Statutory Auditors of the Company have conducted a Limited Review of the results for the quarter ended June 30,2016 53 The figures ofthe quarter ended March 31, 2016 are the balancing figure between audited figures in respect of the ful Financial year ‘ended March 31, 2016 andthe published year to date figures upto the end of third quarter ended December 31,2015 of the previous financial year 4 The exceptional item of Rs. 7,077.16 lacs pertains to profit onsale of land and surtender / assignment of leasehold rights inland at Pune. 5 During the curent quarter, the company has further invested Rs. 3,779.36 Lacs ints wholly onned subsidiary Deepak Phenolics Limite. 16 Outof the proceeds of Rs, 8,330.75 Lacs from the Qualified institutional Placement, Rs. 260.07 Lacs were utilised towards Share Issue Expenses and Rs. 2,188.34 Lac has been utilise forthe object stated inthe offer document. Pending utilisation, Rs. 5,882.34 Lacs have been invested in Liguld Mutual Funds. 7 The Company has renamed its Bulk Chemicals and Commodities segment as Basic Chemicals Segment and Fluorescent Whitening Agent Segment as Performance Products segment. The Prior period / yeas segment have been renamed accordingly. 8 Previous pertod/year’s figures have been regrouped reclassified, where necessary, to make them comparable with the curren figures. For DEEPAK NITRITE LIMITED. 4e> Vice Charman & Managing Director Jp Vadodara, August 4, 2018B. K. KHare & Co. 7 022 2200 3478 706/708, Shara Cramors Now Mane Limited Review Report ‘The Board of Directors Deepak Nitrite Limited. Mumbai \We have reviewed the accompanying Statement of Unaudited Financial Results (the Statement) of Deepak Nite Limited (the Company) forthe quarter ended June 30, 206 This Statement i the responsibilty of he Companys management and has been approved by the Board of Decors. Our responsibilty is to isue a report on these financial statements based on our review. \We conducted our review in aocordance with the Standard on Review Engagement (SRE) 2410,"Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India, This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primaiy to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in aooordance with generally accepted accounting standards in India ‘and other recognized accounting pracoes and poicies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obiigatns and Disclosure Requirements) Regulations, 2015 including the manner in which tis to be disclosed, or that it contains any material misstatement. For B. K. Khare& Co. Chartered Accountants Firm Registration No, 105102W HPopoagy Himanshu Chapsey Parner Membership No. 105731 Place: Vadodara Date:August 04, 2016 91 020 sog0\con7iv 781 6041105967 T9111 aim 900 91 Uao zeoobase 32926941 Ebitbengaluv@uashasosan bacemi@narecs com E betpure @beenareco com 101, Morey Chamba, 107, Sane Coser, Hote Savo0p, th Flor, let Foor # 6K HPs Near IT Ga, ane Ne 10, Pratt o, Staneinage Sar Hous Kas, Erandwane, Pune 41 904, nc Bengelun 860027, na Nw: Deh 11008 Ind