Deepak Nitrite, Ramco Cements, IEX shares decline up to 9% after Q3 results; this multibagger chemical stock gained nearly 2000% in 5 years

Shares of the Ramco Cements and Deepak Nitrite declined up to 9 per cent in intraday trade on Tuesday, a day after the two companies posted their Q3FY22 numbers. For the quarter ended December 2021, the chemical firm reported profit YoY, while the cement company registered huge loss on annual data.  

Shares of Ramco Cements declined over per cent to Rs 827, while Deepak Nitrite traded on over 9 per cent discount two Rs 2150 per share on the BSE.  

At 11.30 am, Ramco Cements stock was trading lower by Rs 56.65 or 6.32% to 840.25 per share and Deepak Nitrite declined by 4.87% or Rs 15.10 to 2249 in Tuesday's intraday trade on the BSE.  

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Another company that reported a rise in YoY profit in q3fy22, IEX shares too traded flat at Rs 240 per share after correcting by nearly 2 per cent to Rs 232 apiece on the BSE 

Technical details of chemical share shows that Deepak Nitrite surged over 125% in one year, 460% in two years and nearly 2,000% in five years. The Ramco Cements technical data, however, shows the shares of this cement space traded largely flat in 5 years. The Ramco Cements shares gained 7 per cent in one year, declined 3 per cent in two years and gained merely 27% gain in five years.  

For the quarter ended December 31, 2021, Deepak Nitrite has reported a 12% YoY rise in the consolidated profit at Rs 242 crore against a profit of Rs 217 crore in the corresponding quarter last year. The company's revenue from operations grew 39% YoY to Rs 1,722 crore compared to Rs 1,235 crore posted last year. EBITDA rose 5% YoY to Rs 351 crore in the reported quarter against Rs 336 crore posted last year. Its margin declined to 20.4% in Q3FY22 against 27.1% posted in Q3FY21.  

On the other hand, Ramco Cements reported a 58.9% YoY decline in the profits at Rs 82.6 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 201 crore in the corresponding quarter last year. Revenue from operations grew 15.7% YoY to Rs 1,539.1 crore in the reported quarter against Rs 1,339 crore posted last year. The company's EBIDTA fell 41.8% YoY to Rs 230.9 crore compared to Rs 397 crore posted last year. The EBITDA margin contracted to 14.9% in Q3FY22 from 29.6% posted in Q3FY21. Ebitda/Ton declined 49.3% to at Rs 768 from Rs 1,515.6 .  

Earlier, Indian Energy Exchange reported a 38% YoY rise in the consolidated profit at Rs 80.4 crore for the quarter ended December 31, 2021 against Rs 58.1 crore in the corresponding quarter last year. The board in its meeting held on Monday also approved an interim dividend of Re 1 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022. The board has fixed February 4, 2022, as the record date to ascertain the eligibility of the shareholders for the payment of interim dividends.