dl DEEPAK NrrRrrE LrMrrEDRegistered Office : 9/10, Kunj Society, Atkapuri, Vadodara - 390 007

Web Site : www.deepaknitrite.com, Investors Retation Contact : investor@deepaknitrite.comCorporate ldentification Number: 1-241fiGJ1970P1C001735,Te1 . : +91-265-2334481/82, Fax: +91-265-2330994

5TAND-ALONE UNAUDITED FINANCIAL RESULTS FORTHE QUARTERAND HALF YEAR ENDED 3OTH SEPTEIABER 2017Rs. in Lakhs

5r.No,

Particulars Quarter Ended Half Year Ended30.o9.2017(Unaudited)

30.09.201 6(Refer Note 3)

34.C6.2Ci7(Unaudited)

34.49.20i7(Unaudited)

JU.Uv.lU l 6

(Refer Note 3)

(a) Revenue from operations(b) Other incomeotal Income

(a) Cost of materiats consumed(b) Changes in inventories of finished goods and

Work-in-progress(c) Excise Duty(d) Emptoyee benefits expense(e) Finance Costs(f) Depreciation and amortisation expense

Power & Fue[ Expenses(h) Other expenses

Total expenses

it before Exceptional ltems and Tax (1 t 2)Exceptional items (Refer Note 8)Profit beforeTax (3 * 4)Tax Expense(a) Current Tax

) Deferred Tax(c) Prior Period Tax adjustmentTotal Tax Expenses

Profit for the period (5t6)Other Comprehensive IncomeItems that will not be rectassified to profit and lossi. Equity Instruments through Other

Comprehensive lncomei. Remeasurements of the defined benefit otansii. Income tax retated to items above

Other Comprehensive lncome (net of tax)Total comprehensive income for the period (7r8)aid-up Equity Share Capitat (Face Value of Rj. 2/- each)

Basic & Diluted Earning per share (beforeitems) (of Rs. 2/- each) (not annuatised) :

ic & Dituted Earning pershare (after exceptionalof Rs. 2/- each) (not annuatised) :

3/5

6

7

q

10

11.i

1 'l .ii

35,497.43

1 32.1 B

35,629.61

.19,597.66

486.86

(1.08)

3,299.021 ,073.781,326.41

2,977.063,894.02

32,653.732,975.88

2,975.88

958.14

37.58(288. s

.l

707.212,268.67

2.50(0.81 )1.69

2,270.362,614.23

't.74

|.t4

32,585.29119.66

32,704.95

17,348.36(511.85)

1,993.922,894.65

489.971,172.962,830.074,398.65

30,616.732,088.22

2,088.22

429.71

178.78

608.491 ,479.73

(40.83)5.52

(3s.31)1,444.422,325.76

1.24

1.24

36,162.59197.23

36,359.82

19,427.38(3ee.44)

2,426.323,146.34

945.69

1,233.792,876.263,632.82

33,289.1 6

3,070._66 ,

3,070.66

864.641 95.58

'l ,060.222,014.44

(54.05)

18.34(3s.71)

1,974.732,614.23

1.51

1.51

36,361.77(1,475.46)

71,660.02 | 66,524.08329.41 | 369.96

71,989.43 | 66.894.04

39,025.O4

87.42

2,425.246,445.362,019.472,560.205,853.327,526.84

65,942.896,046._54

6,046.54

1,822.7 B

233.16(2BB.s 1 )

1,767.434,279.11

4,141.726,020.481,327.32

2,402.355,506.228,349.83

]

62,634.8 |

4,259.81 |

7,077.18 |

11,336.99

|

2,415.71 |

703.24 |-lI

3,1 18.95 |

8.218.04 |

I

I

I

(120.s0)|33.0e

I(87.41l.1

8,1 30.63. I

2,325.76 |

2.s3 |

I6.ee

I

(s1.55)17.53

(34.O2)4,245.092,614.23

3.25

3.25

d DEEPAK NrrRrrE LrMlrEDRegistered Office : 9/10, Kunj Society, Atkapuri, Vadodara - 390 007

_ Web Site : www.deepaknitrite.com, Investors Retation Contact : investor@deepaknitrite.comCorporate ldentification Number: L24110GJ1970P1C001735,Tet. : +91-265-2334481182,Fax: +91-265-233Q994

SEGMENT-WSE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES

Rs. in LakhsSr.

No.

Particulars Quarter Ended Hitf Year Ended30.o9.2017{unaudited)

30.09.2016(Refer Note 3)

30.06.201 7(Unaudited)

30.09.2017(Unaudited)

30.09.201 6

(Refer Note 3)1

2

3

4

Segment Revenue (Revenue from operations):a) Basic Chemicalsb) Fine & Speciatity Chemicalsc) Performance Productsd) 0thers un-attocabteTotaILess : Inter seqment revenue

16,632.9111,285.51

8,420.551 38.31

36,477.28979.85

16,998.649,034.776,847.72

1 38.0733,01 9.20

433.91

19,395.28

10,681.0't

6,577.8315.23

36,669.35s06.76

36,028.1971,966.5214,998.38

153.5473,146.63

1.486.61

34,210.11

19,190.92

13,584.42

307.72

67,293.17

769.09Total Revenue from Ooerations 3s,497.43 32.585.29 36.162.59 71.660.02 66,524.08Segment Results before Tax & Interest:a) Basic Chemicatsb) Fine & Speciatity Chemicats

c) Performance ProductsTotaILess: i) Interest

ii) Other un-attocabte expenditure (Net of un-attocable lncome)

2,620.532,620.58

4.61

5,245.721,073.78

1,196.06

2,119.972,216.28

(438.05

3,898.20489.97

1,320.01

2,360.643,143.22

(400.57)

5,103.29945.69

1,086.94

4,981.175,763.80

(395.e6)10,349.01

2,019.47

2.283.00

3,827.27

4,945.51(718.571

8,054.21

1,327.32

(4,610.101Total Profit Before Tax I,V t5.66 2.088.22 3.070.66 6,046.54 1 1,336.99Segment Assetsa) Basic Chemicatsb) Fine & Speciatity Chemicats

c) Performance Productsd) Other un-allocabte

38,529.4440,289.8538,008.2544,106.75

31,578.9832,625.3840,108.43

22.223.11

39,1 85.61

37,142.7934,674.31

46.004.43

38,529.4440,289.8538,008.2544,106.75

31,578.98

32,625.38

40,108.43

22,223.11Total Seement Assets 160.934.29 126.535.90 157 ,OO7.14 160,934.29 1 26,535.90Segment Liabilitiesa) Basic Chemicatsb) Fine & Speciatity Chemicatsc) Performance Productsd) Other un-attocabte

7,288.545,555.1 8

6,177.686,692.78

7,460.093,239.095,542.856,807.60

8,162.934,524.986,045.01

7,022.46

7,288.545,555.1 B

6,177.686.692.78

7,460.09

3,239.09

5,542.85

6,807.60otal Segment Liabilities 25,714.18 23.O49.63 25,755.38 25,714.18 23,O49.63

NOTES:

1 The Company has adopted Indian Accounting Standards (lnd AS) friim 1st April2017 with transition date of 1st Aprit 2016. The financiat resuttshave been prepared in accordance with Ind AS as prescribed under Section 133 of the Companies Act, 2013, read with Rute 3 of the Companies(lndian Accounting Standard) Rutes, 2015 and Companies (lndian Accounting Standards) Amendment Rules, 2016. The financiat results for thequarter and half year ended 30th September 201 6 are Ind AS comptiant.

2 Reconciliation of Net Profit for the quarter and half year ended 30th September 2016 as previously reported (referred to as'lndian GAAP') vis-a-vis Ind AS is given below:

ParticularsQuarter ended

30.09.2016(Rs. in Lakhs)

Half Year ended30.09.201 6

(Rs. in Lakhs)

Net Profit as per Previous lndian GMPEffect of Fair Vatuation as Deemed Cost ondepreciation for P[ant & Machinery (Net of Tax)Actuaria[ loss on gratuity recognized in OtherComprehensive Income (Net of Tax)

Others (Net of Tax)Net profit before Other Comprehensive Income(OCl) as per lnd AS

other Comprehensive income (OCl) (net of tax)

1;541.22(100.21)

33.65

1411,478.O7

(33.65)

8,327.08(216.56)

85.75

70.118,216.38

(85.75)

Total comprehensive income under Ind AS 1,444.42 8,1 30.63

The Ind AS comptiant financial results pertaining to the quarter and half year ended 30th September 2016 have not been subjected toAudit/Limited Review.During the currcnt quartcr, thc Company has further invested Rs. 7,500.00 Lakhs in its whotty owned subsidiary Dcepak Phctrotics Lintited.

Out of issue proceeds of Rs. 15,000.00 Lakhs from the Quatified Institutions Placements, Rs. 356.77 Lakhs were utitised towards share issueexpenses and Rs. 13,900,00 Lakhs has been utitised for the object stated in the offer document. Pending utitisation, Rs. 743.13 Lakhs havebeen invested in Liquid Mutual Funds.

5

9

t0

dl DEEPAK NrrRrrE LrMrrEDRegistered Office:9/10, Kunj Society, Atkapuri, Vadodara - 390 007

Web Site : www.deepaknitrite.com, Investors Retation Contact : investor@deepaknitrite.comCoiporate ldentification Number: L2411OGJ197OPLC001735,Tet. : +91-265-2334481/82, Fax: +91-265-2330994

According to the requirements of Ind AS and SEB| (Listing Obtigations and Disclosure Requirements) Regutations 2015, revenue for the corresponding previousquarters ended 30th June 2017 and 30th September 2016, for the hatf year ended 30th September 2016 were reported inctusive of Excise Duty. TheGovernment of India has imptemented Goods and Service Tax ("GST') from 1st Juty 2017 replacing Excise Duty, Service Tax and various other indirect taxes. Asper lnd AS 18, the revenue for the quarter ended 30th September 2017, is reported net of GST, Had the previousty reported revenue shown net of excise duty,comparative revenue of the Company woutd have been as fo[[ow:

Rs. in Lakhs

With respect to fire incident in October 2016, the Company has todged insurance ctaims, both for reptacement vatue of the damaged facilities and toss ofprofits due to business interruption. The above financial resutts inctude Rs. 1,832.90 Lakhs (Net of toss on account of fire) against expected settlement underFine & Speciatity Chemicals Segment which was recognised during quarter ended SOth June 2017. Remaining batance shatt be accounted upon finat settlementof claims. The Company received Rs. 750.00 Lakhs as an interim payment against the above ctaims during quarter ended 30th June 2017,

The exceptional item for the hatf year ended 30th September 2016 of Rs. 7,077.18 Lakhs pertains to profit on sate of tand and surrender./ assignment ofteasehotd rights in land at Pune.

The above Unaudited financial resutts were reviewed by the Audit Committee and have been considered and approved by the Board of Directors at theirmeeting hetd on 10th November 2017.5tatement of Assets and Liabitities

Rs. in LakhsParticulars Standalone Results

As at 30.09.201 7(l.Jnauditedl

A)I

ASSETS

Non-current assetsProperty, Ptant and EquipmentCapital Work-in-ProgressOther Intangible assetsFinancial Assets:

InvestmentsLoanS

Other Non-Current Assets

56,778.923,21 0.39

494.16

34,393.681,218.01

1 32.50Total Non-Current Assets 96.227.66

il Current assetslnventoriesFinanciaI Assets:

InvestmentsTrade ReceivabtesCash and Cash EquivatentsOther Financiat Assets

Other Current Assets

14,137.14

1,020.1336,996.01

129.535,834.076.589.75

Total Current Assets 64,706.63rOTAL AS5ETs 160,934.29

B) EQUITY AND LIABILITIESEQUITY

Equity Share CapitalOther EquitV

2,614.2372.982.3',|

Total Equitv 75,596.54tl1

LIABILITIESNon-current tiabilities

Financial Liabilities:Borrowings

ProvisionsDeferred Tax Liabitities (Net)

9,162.46760.41

4,341.79Total Non-Current Liabilities 14.764.66

2 Current liabilitiesFinanciaI Liabitities:

BorrowingsTrade PayabtesOther Financial Liabilities

ProvisionsCurrent Tax Liabitities (Net)Other Current Liabitities

39,743.5718,349.7211,268.06

510.42205.28996.54

fotal Current Liabilities 71.O73.09Iotal Liahilries 85,3 3 7.75

AL EQUITY AND LIABILITIES 16f).q34.?9

FoT DEEPNK IIITRITE LIMITED.

,g/Y''

Particulars Quarter Ended Half Year Ended30.09.2017 | 30.09.2016 30.06.2017 30.o9.2017 30.o9.2016

Revenue from operations (Net of Excise dutv) 35,498.51 | 30,591.37 33,736.27 69,234.78 62,382.36

:MEHTA?n & Managing Director

Vadodara, November 10, 2017Chair

:o