Deepak Nitrite LimitedQ2 FY27 Results & Financial Update
Deepak Nitrite Limited: Q2 FY27 consolidated results and company financials – revenue ₹3,076.37 Cr, PAT ₹397.68 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Deepak Nitrite Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Deepak Nitrite reported consolidated revenue from operations of Rs. 3,076.37 crore for the quarter ended September 30, 2026, marking an increase of 19.35% compared to Rs. 2,577.60 crore in the preceding quarter ended June 30, 2026.
Total consolidated income for Q2 FY27 stood at Rs. 3,092.66 crore, compared to Rs. 2,591.61 crore in Q1 FY27, supported by other income of Rs. 16.29 crore.
Profit before tax (PBT) reached Rs. 542.70 crore for the quarter, reflecting a 16.05% sequential expansion over Rs. 467.63 crore reported in the first quarter of the fiscal year.
Profit after tax (PAT) for the period rose to Rs. 397.68 crore, up 15.27% from Rs. 345.01 crore in Q1 FY27, resulting in a net profit margin of 12.93%.
Basic and diluted earnings per share (EPS) stood at Rs. 29.16 for the quarter, compared to Rs. 25.30 in the previous quarter.
The consolidated entity incurred total expenses of Rs. 2,549.96 crore during the quarter, driven by cost of materials consumed of Rs. 1,836.25 crore and power and fuel expenses of Rs. 152.06 crore.
Profit before tax (PBT) reached INR 542.70 crore for the quarter, expanding by 16.05% sequentially over INR 467.63 crore reported in the preceding quarter.
01 · Business model
What does Deepak Nitrite do?
Deepak Nitrite Limited operates as a chemical manufacturing company with operations spanning basic intermediates, fine and speciality chemicals, and phenolics.
The company's product portfolio serves various industrial sectors including agrochemicals, dyes, pigments, pharmaceuticals, plastics, and specialty applications.
Manufacturing operations are primarily anchored in Gujarat and other key industrial hubs, serving domestic and international customer bases through structured distribution channels.
The consolidated reporting entity includes subsidiaries such as Deepak Phenolics Limited, Deepak Chem Tech Limited, Deepak Nitrite Corporation Inc, Deepak PMC Limited, Deepak Oman Industries (SFZ) LLC, and Deepak Advanced Material Limited.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹3,076.37 Cr | ₹2,577.60 Cr |
| Total income | ₹3,092.66 Cr | ₹2,591.61 Cr |
| Profit before tax | ₹542.70 Cr | ₹467.63 Cr |
| Profit after tax | ₹397.68 Cr | ₹345.01 Cr |
| EPS | ₹29.16 | ₹25.30 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations advanced by 19.35% quarter-on-quarter to Rs. 3,076.37 crore in Q2 FY27 from Rs. 2,577.60 crore in Q1 FY27.
Revenue from Advanced Intermediates was Rs. 810.82 crore and Phenolics contributed Rs. 2,291.09 crore during the quarter before inter-segment eliminations.
Advanced Intermediates revenue from operations rose to INR 810.82 crore in Q2 FY27 from INR 803.85 crore in Q1 FY27, while Phenolics revenue grew to INR 2,291.09 crore from INR 1,775.05 crore over the same sequential period.
What drove margins
Cost of materials consumed represented the largest expense item at Rs. 1,836.25 crore, alongside stock-in-trade purchases of Rs. 113.87 crore.
Power and fuel expenses stood at Rs. 152.06 crore, employee benefit expenses at Rs. 127.08 crore, and other expenses at Rs. 165.69 crore.
Cost of materials consumed increased to INR 1,836.25 crore in Q2 FY27 compared to INR 1,581.32 crore in Q1 FY27, reflecting higher scale of operations.
Power and fuel costs rose sequentially to INR 152.06 crore during the quarter from INR 122.57 crore in the preceding quarter.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated external revenue of Rs. 810.82 crore with a segment result of Rs. 48.76 crore before interest and tax.
Generated external revenue of Rs. 2,291.09 crore with a segment result of Rs. 515.43 crore before interest and tax.
Segment revenue before tax and interest stood at INR 48.76 crore in Q2 FY27 compared to INR 66.98 crore in Q1 FY27.
Segment profit before tax and interest for Phenolics was reported at INR 515.43 crore in Q2 FY27, marking an increase from INR 417.76 crore in the previous quarter.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Consolidated capital work-in-progress stood at Rs. 1,299.46 crore as of September 30, 2026, compared to Rs. 1,828.19 crore as of March 31, 2026.
06 · Reported developments
What changed operationally
Consolidated PAT increased by 15.27% sequentially to Rs. 397.68 crore, accompanied by a 16.05% rise in PBT.
07 · Items worth noticing
The line items that can distort a quick read
Total tax expense for the quarter was Rs. 145.02 crore, comprising current tax of Rs. 147.73 crore and deferred tax credit of Rs. 2.71 crore.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash inflow from operating activities for the first six months ended September 30, 2026, was Rs. 650.90 crore.
Net cash outflow from investing activities for the six-month period was Rs. 864.13 crore, reflecting capital expenditure and investments.
Capital allocation & funding
Consolidated non-current borrowings stood at Rs. 1,130.44 crore as of September 30, 2026.
Consolidated current borrowings were reported at Rs. 526.62 crore as of September 30, 2026.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory auditors
The financial results were reviewed by Deloitte Haskins & Sells LLP, Chartered Accountants, and approved by the Board of Directors on October 29, 2026.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue grew from Rs. 2,577.60 crore in Q1 FY27 to Rs. 3,076.37 crore in Q2 FY27.
11 · Key Q&A
The quarter, answered directly
What does Deepak Nitrite do?
Deepak Nitrite Limited operates as a chemical manufacturing company with operations spanning basic intermediates, fine and speciality chemicals, and phenolics.
What is the clearest takeaway from Q2 FY27?
Deepak Nitrite reported consolidated revenue from operations of Rs. 3,076.37 crore for the quarter ended September 30, 2026, marking an increase of 19.35% compared to Rs. 2,577.60 crore in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Consolidated revenue from operations advanced by 19.35% quarter-on-quarter to Rs. 3,076.37 crore in Q2 FY27 from Rs. 2,577.60 crore in Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed represented the largest expense item at Rs. 1,836.25 crore, alongside stock-in-trade purchases of Rs. 113.87 crore.
What changed operationally beyond the headline numbers?
Consolidated capital work-in-progress stood at Rs. 1,299.46 crore as of September 30, 2026, compared to Rs. 1,828.19 crore as of March 31, 2026.
What should the next disclosure help confirm?
Monitor the progression of capital work-in-progress of Rs. 1,299.46 crore toward operational commissioning.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Capital expenditure execution: Monitor the progression of capital work-in-progress of Rs. 1,299.46 crore toward operational commissioning.
- 02
Segment performance: Track relative revenue and profit contributions from the Advanced Intermediates and Phenolics segments.
- 03
Subsequent financial reporting: Monitor upcoming quarterly disclosures and half-yearly performance metrics for continued trajectory in the Advanced Intermediates and Phenolics segments.
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