Deepak Nitrite delivered exceptional financial results for the second quarter of FY27, with net profit more than tripling to ₹397.7 crore from ₹118.7 crore in the corresponding quarter last year. According to the company's unaudited financial results filed with BSE on Thursday, revenue from operations surged 61.8% to ₹3,076 crore from ₹1,902 crore in the year-ago period, demonstrating strong operational momentum across its business segments. The company's consolidated total income increased to ₹3,092.66 crore during the July–September quarter, compared with ₹1,921.84 crore in the previous year period.
The company's operational efficiency showed remarkable improvement with Earnings before interest, tax, depreciation and amortisation (EBITDA) jumping to ₹626.8 crore from ₹204.3 crore a year earlier. As reported by the company's financial results, EBITDA margin nearly doubled to 20.4% from 10.7% in the corresponding period last year, indicating significant operational leverage and improved cost management across the business. Profit before tax climbed to ₹542.70 crore, compared with ₹163.03 crore in Q2 FY26, reflecting the company's enhanced profitability metrics.
The company's diversified business segments showed strong performance during the quarter. Advanced Intermediates segment reported quarterly revenue of ₹810.82 crore, while Phenolics business recorded revenue of ₹2,291.09 crore. Segment results before tax and interest stood at ₹48.76 crore for Advanced Intermediates and ₹515.43 crore for Phenolics. Additionally, Deepak Nitrite recognised government incentive income of ₹49.38 crore during the quarter, compared with ₹16.46 crore a year earlier, providing an additional boost to overall profitability.
On a quarter-on-quarter basis, consolidated net profit increased 15.3% from ₹345.01 crore reported in the April–June quarter, demonstrating consistent growth momentum. Revenue from operations rose 19.4% from ₹2,577.60 crore in Q1 FY27, indicating sustained business expansion. For the six months ended September 30, 2026, consolidated net profit surged 221.5% to ₹742.69 crore compared with ₹231.01 crore in the corresponding period last year. Revenue from operations increased 49.1% to ₹5,653.97 crore from ₹3,791.77 crore, while profit before tax stood at ₹1,010.33 crore, compared with ₹317.77 crore in H1 FY26. The company's basic earnings per share increased to ₹29.16 from ₹25.30 in the preceding quarter and ₹8.71 in the year-ago quarter.
Despite the strong quarterly results, Deepak Nitrite shares ended 0.81% lower at ₹1,476.40 on the NSE on Thursday, according to CNBC TV18. The stock has declined 3.6% over the past month and is down 13.3% so far in 2026, suggesting that market sentiment may not fully reflect the company's improved financial performance. This disconnect between strong fundamentals and stock price movement is notable given the significant earnings growth achieved in the recent quarter. The company's Board of Directors approved the standalone and consolidated unaudited financial results at its meeting held on October 29, 2026, with statutory auditors Deloitte Haskins & Sells LLP issuing unmodified review conclusions.
