Deepak Nitrite Ltd. (DNL) has posted higher turnover of Rs. 252 crore compared to Rs. 214 crore of the previous year. Export has increased by 32%. Profit after tax stood at Rs. 11.70 crore, as compared to Rs. 7.9 crore for the pervious year, an increase of 48%. Earning per share has increased to Rs. 20.36 from Rs. 13.73 for the previous year.

The Board of Director has recommended maintaining the dividend at last year level of 30%, the total out go on this count hence will be higher as compared to the previous year due to dividend distribution tax. The Company was able to register significant growth in operating profits due to increase in turnover and improved operational efficiencies. Introducing new value added products for the export market has helped to improve the bottomline. Concerted cost cutting measures initiated by the company during the year have helped keep costs in check.