| Market Cap | ₹20,112.51 CrChemicals & Petrochemicals |
|---|---|
| P/E TTM | 25.68Sector P/E: 34.09 |
| Promoter Holding | 49.39%Stable holding |
| RSI | 40.3Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 3,076 | 2,578 | 1,902 |
| Other Income | 16.3 | 14.0 | 19.9 |
| Total Income | 3,093 | 2,592 | 1,922 |
| Profit Before Tax | 543 | 468 | 163 |
| Net Profit | 398 | 345 | 119 |
| Operating Margin | 17.5% | 18.0% | 8.5% |
| Net Profit QoQ | +15.3% | ||
| Net Profit YoY | +234.8% | ||
| Adj. Profit QoQ | +16.0% | ||
| Adj. Profit YoY | +267.9% | ||
Key highlights
- Consolidated net profit climbed to ₹398 crore in Q2-27 from ₹119 crore in Q2-26
- Revenue from operations grew 61.7% year-on-year to reach ₹3,076 crore
- Operating margins expanded significantly to 17.5% in Q2-27 compared to 8.5% in Q2-26
- Phenolics segment revenue surged to ₹2,291.09 crore from ₹1,333.46 crore in the year-ago period
- Advanced Intermediates revenue increased to ₹810.82 crore, up from ₹587.84 crore year-on-year
Phenolics Segment Drives Consolidated Scale
Deepak Nitrite's top-line performance was largely anchored by its Phenolics division, which contributed ₹2,291.09 crore to the consolidated revenue during the quarter. This represents a massive scale-up from the ₹1,333.46 crore reported in the same quarter last year. The segment's results before interest and tax stood at ₹515.43 crore, reflecting robust volume growth and improved realization compared to previous periods.
Meanwhile, the Advanced Intermediates segment maintained a steady growth trajectory, reporting revenues of ₹810.82 crore, contributing to the overall business diversification and stability.
Operational Metrics and Margin Expansion
- Operating margins improved to 17.5% from 8.5% YoY, driven by better absorption of fixed costs
- Total expenses for the quarter rose to ₹2,549.96 crore from ₹1,758.81 crore in Q2-26
- Cost of materials consumed stood at ₹1,836.25 crore, reflecting higher production volumes
- Finance costs increased to ₹29.14 crore compared to ₹7.94 crore in the year-ago period
- Other income for the consolidated entity was recorded at ₹16.3 crore
Strategic Capex and Future Capacity
The company continues its aggressive expansion through its wholly-owned subsidiary, Deepak Chem Tech Limited. In August 2026, the board approved a major investment of ₹2,500 crore to establish a 240 KTA Bisphenol A (BPA) manufacturing complex. Furthermore, the company has reiterated its target to commission a 165,000 MTPA integrated Polycarbonate resin plant by the second half of FY29.
These strategic investments are designed to deepen the company's backward and forward integration, targeting high-value downstream chemical markets in India.
Half-Yearly Cash Flow and Financial Health
- Net cash flow from operating activities for H1 FY27 reached ₹650.90 crore
- Net cash outflow from investing activities stood at ₹864.13 crore during the half-year
- Purchases of property, plant, and equipment for the six-month period totaled ₹723.77 crore
- Consolidated total assets were valued at ₹9,813.51 crore as of September 30, 2026
- The debt-to-equity profile remained stable with total equity attributable to owners at ₹6,475.74 crore
| Date | Announcement | Amount |
|---|---|---|
| 04 Aug 2026 | Q1 FY27 consolidated net profitSource: BSE filing | ₹345.01 Cr |
| 15 May 2026 | Q4 FY26 consolidated net profitSource: lemonn.co.in | ₹219.83 Cr |
| 12 Feb 2026 | Q3 FY26 consolidated net profitSource: lemonn.co.in | ₹99.82 Cr |
| 12 Nov 2025 | Q2 FY26 consolidated net profitSource: lemonn.co.in | ₹118.75 Cr |
| 13 Aug 2025 | Q1 FY26 consolidated net profitSource: lemonn.co.in | ₹112.25 Cr |
| 28 May 2025 | Q4 FY25 consolidated net profitSource: BSE filing | ₹202.50 Cr |
What to watch next
- Implementation of consolidated Labour Codes effective from November 21, 2025
- Commissioning of the integrated Polycarbonate resin plant scheduled for H2 FY29
- Progress on the ₹2,500 crore Bisphenol A (BPA) manufacturing complex construction
- Next quarterly results announcement expected in February 2027
| Share price | ₹1474.6 |
|---|---|
| Market capitalisation | ₹20,112.51 Cr |
| Revenue (annual) | ₹7,887.07 Cr |
| Net profit (annual) | ₹550.53 Cr |
| Revenue (latest quarter) | ₹2,577.60 Cr+21.57% vs previous quarter |
| Net profit (latest quarter) | ₹345.02 Cr+57.01% vs previous quarter |
| P/E (TTM) | 25.68×Sector 34.09× |
| Promoter holding | 49.39%+0.05% QoQ |
| FII holding | 6.4%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Financial results filing by Deepak Nitrite Limited for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
