Shares of Deepak Nitrite tumbled as much as 13.4% on Friday to Rs 1,936.6 on the BSE after the chemical manufacturer reported a 51.5% year-on-year slump in net profit to Rs 98 crore for the third quarter ended December, compared to Rs 202 crore in the year-ago quarter.Revenue for the December quarter fell 5.3% YoY to Rs 1,903.4 crore from Rs 2,009.2 crore, reflecting weak demand across key segments.Earnings before interest, tax, depreciation, and amortization (EBITDA) plummeted 44.7% YoY to Rs 168.5 crore, while operating margins contracted to 8.9% from 15.2% a year ago. Higher raw material costs and lower realizations weighed on profitability, compounding concerns over the company’s near-term outlook.A major supplier of intermediates to industries such as agrochemicals, paints, and pharmaceuticals, Deepak Nitrite has been grappling with subdued demand and margin pressures.The stock has shed 13% in the last year, extending its losses to 18.6% over the past week alone. Over the last six months, shares have plunged nearly 32%.Despite the selloff, Trendlyne data indicates a consensus target price of Rs 2,622, implying a potential upside of over 35% from current levels. Of the 17 analysts tracking the stock, six have a “buy” rating, five suggest “hold,” and six recommend “sell.”Also read | Sebi bans ‘pied piper’ company with zero revenue, Rs 5,500 crore valuation(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)