Deepak Nitrite Q2 FY27 consolidated net profit jumped 235% to ₹397.68 crore from ₹118.75 crore a year earlier, the company reported on October 29, 2026. Revenue from operations rose 62% to ₹3,076.37 crore for the quarter ended September 30, 2026.
The results were approved at the board meeting on October 29, 2026. Profit before tax was ₹542.70 crore against ₹163.03 crore a year earlier.
What Were Deepak Nitrite’s Key Q2 FY27 Numbers?
Basic earnings per share were ₹29.16 against ₹8.71 a year earlier. Net profit rose 15.3% from ₹345.01 crore in Q1 FY27, and revenue rose 19.4% from ₹2,577.60 crore. Government incentive income was ₹49.38 crore against ₹16.46 crore a year earlier. A separate report put EBITDA at ₹643 crore, a 21% margin, against ₹224 crore and 12% a year earlier.
Which Segment Drove the Profit?
Phenolics generated revenue of ₹2,291.09 crore and a segment result before tax and interest of ₹515.43 crore. Advanced Intermediates reported revenue of ₹810.82 crore and a segment result of ₹48.76 crore.
Management said supply disruptions in international markets and higher freight costs limited the availability of imported products in India, while advance procurement and sourcing from multiple suppliers helped the company maintain production and fulfil orders. In Advanced Intermediates, higher raw material and energy costs, export freight and competitive international pricing weighed on the segment.
What Does This Mean for the Chemical Industry?
The result shows how supply disruptions that raise import costs can benefit domestic producers with secure feedstock. For the first half of FY27, net profit was ₹742.69 crore, up 221.5%, and revenue from operations was ₹5,653.97 crore, up 49.1%.
Market Reaction and Industry Response
On October 30, 2026 at 11:32 AM, the stock traded at ₹1,527.20, up 3.44% from the previous close, according to Angel One. No trade body comment was found in the sources reviewed.
What Happens Next?
The company said that, as of October 29, 2026, 65% of dismantling work and 27% of overall engineering and construction were complete at its Dahej polycarbonate project, and civil work on utilities had started.
Frequently Asked Questions
What was Deepak Nitrite’s net profit in Q2 FY27?
Consolidated net profit was ₹397.68 crore, up 235% from ₹118.75 crore.
Which segment contributed most to Deepak Nitrite’s results?
Phenolics, with revenue of ₹2,291.09 crore and a segment result of ₹515.43 crore.
What is the status of the Dahej polycarbonate project?
As of October 29, 2026, 65% of dismantling work and 27% of overall engineering and construction were complete.
Source: Free Press Journal, October 29, 2026; Angel One, October 30, 2026 (updated November 3).
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