Deepak Nitrite delivered robust operational and financial results for Q4 & FY26. The company reported a consolidated revenue of INR 2,127 crore for the quarter, with EBITDA margins expanding to 18%. Despite global geopolitical volatility and logistics challenges, the company maintained stable domestic demand, effectively pivoting towards high-demand markets. Strategic investments in specialty chemicals and a fully integrated polycarbonate facility remain on track to drive future growth and value creation.
Financial Highlights
Deepak Nitrite showcased strong momentum in the final quarter of FY26. Consolidated revenue for the quarter stood at INR 2,127 crore, while EBITDA reached INR 383 crore, representing a 74% sequential growth. Profit after tax for the quarter was INR 220 crore, a 120% increase compared to the previous quarter. For the full FY26, the company achieved a consolidated revenue of INR 7,947 crore with EBITDA at INR 1,041 crore.
Segment Performance
The Advanced Intermediates segment performed well, with quarterly revenues of INR 708 crore and a significant sequential improvement in EBIT to INR 34 crore. The Phenolics segment remained a key growth driver, reporting INR 1,429 crore in revenue and an EBIT margin of 20%. This performance was supported by strong domestic demand, disciplined procurement strategies, and the successful stabilization of new nitration and hydrogenation facilities at Dahej.
Future Growth and Strategy
The company is focused on long-term value through integration and specialty chemical expansion. Significant upcoming projects include multipurpose agrochemical intermediates and MIBK/MIBC plants, scheduled for commissioning in Q2 FY27. Furthermore, the construction of India’s first fully integrated polycarbonate facility is progressing, with a commissioning target of June 2028. The total capital expenditure for ongoing projects is estimated at INR 11,000 crore, funded through a healthy mix of debt and equity.
Operational Resilience
Management highlighted that despite geopolitical tensions affecting feedstock supply and logistics, the company successfully secured raw materials through proactive procurement. The shift toward a dealership and CSA model has enhanced financial security. With a strong balance sheet and a focus on domestic manufacturing, Deepak Nitrite remains well-positioned to navigate market volatility and capitalize on global supply chain shifts.
Source: BSE
