Deepak Nitrite Q2 FY27 Results: Consolidated Net Profit ₹398 Crore on Total Income of ₹3,093 Crore
Earnings
specialty chemicals
Blacklitt Research3 min read
Rjendrzejewski, via Wikimedia Commons (CC0). Illustrative image.
Deepak Nitrite (NSE: DEEPAKNTR) reported consolidated total income of ₹3,092.66 crore and net profit of ₹397.68 crore for the quarter ended 30 Sep 2026, it said in a filing on 29 Oct 2026. Standalone total income was ₹921.03 crore and standalone net profit ₹143.73 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹3,092.66 crore, up 60.9% YoY and 19.3% QoQ
Net profit and EPS: ₹397.68 crore, up 234.9% YoY; basic EPS ₹29.16
Finance costs: ₹29.14 crore, against ₹7.94 crore a year earlier
Standalone
The company on its own, without its subsidiaries
Total income: ₹921.03 crore, up 28.7% YoY and 13.3% QoQ
Net profit and EPS: ₹143.73 crore, up 28.7% YoY; basic EPS ₹10.54
Dividend income: ₹98.00 crore from Deepak Phenolics Limited, within other income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
3,092.66
1,921.84
+60.9%
2,591.61
+19.3%
Revenue from operations
3,076.37
1,901.89
+61.8%
2,577.60
+19.4%
Other income
16.29
19.95
-18.3%
14.01
+16.3%
397.68
118.75
+234.9%
345.01
+15.3%
Profit before tax
542.70
163.03
+232.9%
467.63
+16.1%
Finance costs
29.14
7.94
+267.0%
22.91
+27.2%
Depreciation
71.30
53.25
+33.9%
63.66
+12.0%
Tax expense
145.02
44.28
+227.5%
122.62
+18.3%
Net profit margin
12.86%
6.18%
+6.68 pp
13.31%
-0.45 pp
EPS, basic (₹)
29.16
8.71
+234.8%
25.30
+15.3%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew much faster than total income. Net profit rose 234.9% YoY against 60.9% for total income, and profit before tax rose 232.9%.
Finance costs rose to ₹29.14 crore from ₹7.94 crore a year earlier, and are 0.9% of total income. Tax expense of ₹145.02 crore is 26.7% of profit before tax of ₹542.70 crore. Depreciation rose 33.9% to ₹71.30 crore.
Consolidated revenue includes government incentive income of ₹49.38 crore recognised in one subsidiary, against ₹21.50 crore in the quarter ended 30 Jun 2026 and ₹16.46 crore in the quarter ended 30 Sep 2025. The notes give no reason for the rise in revenue or in finance costs.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
921.03
715.77
+28.7%
812.94
+13.3%
Revenue from operations
812.23
615.92
+31.9%
806.76
+0.7%
Other income
108.80
99.85
+9.0%
6.18
n/a
143.73
111.65
+28.7%
64.71
+122.1%
Profit before tax
159.53
119.09
+34.0%
87.09
+83.2%
Finance costs
1.87
1.02
+83.3%
1.92
-2.6%
Depreciation
27.25
26.25
+3.8%
27.00
+0.9%
Tax expense
15.80
7.44
+112.4%
22.38
-29.4%
Net profit margin
15.61%
15.60%
+0.01 pp
7.96%
+7.65 pp
EPS, basic (₹)
10.54
8.19
+28.7%
4.74
+122.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 28.7% YoY, in line with total income, but more slowly than profit before tax, which rose 34.0%. Other income of ₹108.80 crore is 11.8% of total income and 68.2% of profit before tax. Of that, ₹98.00 crore is dividend income from Deepak Phenolics Limited, a wholly owned subsidiary, for the quarter and six months ended 30 Sep 2026.
Standalone tax expense of ₹15.80 crore is 9.9% of profit before tax of ₹159.53 crore, against 7.44 crore a year earlier. The filing gives no explanation for the low tax charge. Standalone finance costs were ₹1.87 crore, and the filing gives no segment disclosure at standalone level.
The Labour Codes provision was booked as an exceptional item for the year ended 31 Mar 2026: ₹10.51 crore standalone and ₹12.84 crore consolidated. The notes do not say what its effect will be in later periods.
Consolidated segment revenue for the quarter was Advanced Intermediates ₹810.82 crore and Phenolics ₹2,291.09 crore, less inter-segment revenue of ₹25.54 crore. Consolidated total segment assets were ₹9,813.51 crore and segment liabilities ₹3,292.42 crore at 30 Sep 2026.
Inference
The filing says the Board approved the results on 29 Oct 2026, after an Audit Committee review on 28 Oct 2026. Deloitte Haskins & Sells LLP issued limited review reports on both sets of results, based partly on other auditors' reports for the consolidated figures.
Dividend paid on equity shares was ₹102.29 crore in the six months ended 30 Sep 2026. Paid-up equity share capital is ₹27.28 crore at ₹2 face value. The filing does not say how the company plans to use its cash or what the subsidiaries' profits will mean for future dividends.
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