Deepak Nitrite Share Price Jumps Over 3%; Net Profit Rises 235% in Q2 FY27

Written by: Team Angel OneUpdated on: 30 Oct 2026, 5:21 pm IST

Deepak Nitrite reported a 235% rise in Q2 FY27 net profit to ₹398 crore, while total income increased 61% y-o-y during the quarter.

Deepak Nitrite Limited reported a net profit of ₹398 crore for Q2 FY27, compared with ₹119 crore in the September quarter of the previous financial year. The results were disclosed through exchange filings dated October 30, 2026.

Total income for the quarter increased to ₹3,091 crore from ₹1,922 crore, a rise of 61%. Revenue from operations stood at ₹3,076 crore, against ₹1,902 crore in Q2 FY26. EBITDA increased to ₹643 crore from ₹224 crore.

The EBITDA margin was 21%, compared with 12% in the corresponding quarter last year. Profit before tax rose to ₹543 crore from ₹163 crore. Earnings per share increased to ₹29.16 from ₹8.71.

Phenolics Business Reports Higher Earnings

The Phenolics division reported revenue of ₹2,291 crore during the quarter, compared with ₹1,333 crore in Q2 FY26. Its EBIT stood at ₹515 crore, against ₹145 crore in the previous year.

Deepak Nitrite said supply disruptions in international markets and higher freight costs affected the availability of imported products in India. The company also reported that advance procurement and sourcing from different suppliers helped it maintain production and fulfil orders.

Advanced Intermediates Revenue Rises

Revenue from the Advanced Intermediates division increased to ₹811 crore from ₹588 crore, registering 38% growth. EBIT was ₹49 crore, compared with ₹23 crore in Q2 FY26.

The segment faced higher raw material and energy costs, increased export freight expenses and competitive pricing in international markets. The company also reported that it had focused on increasing volumes and recovering market share in some of its established product categories.

H1 FY27 Financial Results

For April-September FY27, Deepak Nitrite's total income stood at ₹5,682 crore, up 48% from ₹3,836 crore in H1 FY26. EBITDA increased to ₹1,197 crore from ₹438 crore.

Net profit for the six-month period rose to ₹743 crore from ₹231 crore. The Phenolics division reported an EBIT of ₹933 crore, compared with ₹263 crore in the previous year.

Dahej Project Update

The company is also setting up an integrated polycarbonate complex at Dahej. As of 29 October 2026, 65% of dismantling work and 27% of overall engineering and construction work had been completed. Civil work across utilities had started.

As of October 30, 2026, 11:32 am, Deepak Nitrite share price was trading at ₹1,527.20, a 3.44% increase from the previous closing price.

Conclusion

The September quarter saw an increase in Deepak Nitrite's revenue and net profit. The company also reported progress on its integrated polycarbonate project at Dahej.

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Published on: Oct 30, 2026, 11:51 AM IST

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