Deepak Nitrite Limited has announced a record-breaking performance for the second quarter (Q2) and first half (H1) of FY27, concluding on September 30, 2026. The company achieved its highest-ever revenue and EBITDA, with consolidated revenue for Q2 FY27 reaching INR 3,091 crore, a 61% year-on-year increase. EBITDA for the quarter stood at a record INR 643 crore. The company highlighted robust performance across its segments, particularly Phenolics, and strategic progress in its expansion projects.
Deepak Nitrite Achieves Record Q2 & H1 FY27 Performance
Deepak Nitrite Limited has declared a stellar financial performance for the second quarter (Q2) and the first half (H1) of the financial year 2027, ending September 30, 2026. The company reported its best-ever quarterly and half-yearly results in terms of both Revenue and EBITDA, underscoring a period of significant growth and operational excellence.
Q2 FY27 Financial Highlights
In Q2 FY27, consolidated revenue from operations surged to INR 3,091 crore. This represents a substantial 19% sequential growth and an impressive 61% year-on-year growth. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached a record INR 643 crore, marking an 187% year-on-year increase and a 16% quarter-on-quarter growth. The EBITDA margin was sustained at a healthy 21%.
H1 FY27 Performance
For the first half of FY27, consolidated revenue stood at INR 5,682 crore, an increase of 48% year-on-year. EBITDA for H1 FY27 grew by a remarkable 173% to INR 1,197 crore, with margins expanding to 21% compared to approximately 11% in the corresponding period last year. Profit After Tax (PAT) saw a significant jump of 221% to INR 743 crore.
Segmental Performance – Phenolics
The Phenolics segment delivered its highest-ever quarterly revenue of INR 2,291 crore in Q2 FY27, a 29% sequential increase and a 72% year-on-year growth. EBIT for the segment rose to INR 515 crore, up 23% quarter-on-quarter, with an EBIT margin of approximately 22%. For H1 FY27, the segment recorded revenue of INR 4,066 crore and EBIT of INR 933 crore, surpassing the previous highest annual EBIT of INR 867 crore achieved in FY22.
Segmental Performance – Advanced Intermediates
The Advanced Intermediates segment reported quarterly revenue of INR 811 crore in Q2 FY27, marking a 38% year-on-year growth. EBIT for the segment stood at INR 49 crore. For H1 FY27, revenue reached INR 1,615 crore, while EBIT doubled year-on-year to INR 116 crore. The company noted that sequential moderation in profitability for this segment was due to input price headwinds and customer volume variations.
Balance Sheet and Capital Allocation
Consolidated net worth increased to INR 6,521 crore by the end of September 2026. Net debt stood at INR 1,657 crore, improving the net debt-to-equity ratio to 0.25x from 0.27x. The company’s capital allocation priorities remain focused on disciplined project execution, prudent leverage, and improving returns from both existing and newly commissioned assets.
Strategic Developments and Outlook
Maulik Mehta, Deputy Managing Director, highlighted the company’s successful navigation of a challenging global chemical industry environment through its domestic manufacturing footprint and integrated operations. Key strategic developments include the ramp-up of commissioned assets such as the nitric acid facility and progress on downstream products like MIBK and MIBC. The company is also advancing its integrated polycarbonate project. Looking ahead, Deepak Nitrite remains optimistic about growth prospects driven by improving demand, capacity expansions, and product portfolio diversification.
Source: BSE
