Deepak Nitrite Q2 FY27 Profit Rises 235% to ₹398 Crore

Q2 earnings show sharp year-on-year growth

Deepak Nitrite Limited reported consolidated net profit of ₹397.68 crore for the quarter ended September 30, 2026, a rise of 235% from ₹118.75 crore in the corresponding quarter a year earlier. Consolidated revenue from operations increased 62% year-on-year to ₹3,076.37 crore, compared with ₹1,901.89 crore in Q2 FY26. The results were approved by the company’s Board of Directors on October 29, 2026. The company filed its unaudited financial results with the BSE. The quarterly performance follows a strong June-quarter outcome, when Deepak Nitrite reported revenue of ₹2,577.60 crore and net profit of ₹345.02 crore.

Profit rises above ₹397 crore

The Q2 profit figure marks a substantial improvement over both the year-ago quarter and the immediately preceding June quarter. Net profit had stood at ₹345.02 crore in Q1 FY27, while earnings per share in Q2 rose to ₹29.16. Basic earnings per share was ₹25.30 in the preceding quarter and ₹8.71 in Q2 FY26. The reported increase in profit came alongside higher revenue and segment performance led by the Phenolics business. The company’s disclosures identify Phenolics as the leading contributor to segment results during the quarter.

Revenue crosses ₹3,000 crore in the quarter

Revenue from operations reached ₹3,076.37 crore in Q2 FY27. This was ₹1,174.48 crore higher than the ₹1,901.89 crore reported in the same quarter last year. The June 2026 quarter had recorded consolidated net sales of ₹2,577.60 crore, with year-on-year growth of 36.39%. The September-quarter revenue therefore extended the company’s higher sales run rate into the second quarter of FY27. All revenue figures in this report are stated in ₹ crore.

Government incentive income adds to quarterly results

Deepak Nitrite recognised government incentive income of ₹49.38 crore during Q2 FY27. The comparable income in the year-ago quarter was ₹16.46 crore. The increase in recognised incentive income formed part of the reported quarterly financial outcome. The available results information does not provide a separate detailed break-up of the underlying incentive programme. Investors will therefore look to management commentary and the results disclosures for further detail on the nature and recurrence of this income.

First-half profit reaches ₹742.69 crore

For the six months ended September 30, 2026, Deepak Nitrite reported consolidated net profit of ₹742.69 crore. This represented growth of 221.5% from ₹231.01 crore in the corresponding six-month period of the previous year. Consolidated revenue for the first half stood at ₹5,653.97 crore. The first-half numbers include the ₹345.02 crore net profit reported for Q1 FY27 and the ₹397.68 crore recorded in Q2 FY27. Operating cash inflow for the first half was ₹650.90 crore, according to the interim report information.

Key Q2 and H1 FY27 figures

Phenolics leads the segment outcome

The company’s interim report identified Phenolics as the leading segment in the Q2 result. Deepak Nitrite operates across chemical businesses, and segment performance is relevant because it shows which areas contributed most to the consolidated outcome. The available information does not provide individual segment revenue, margin, or profit figures. As a result, the disclosed position is limited to Phenolics having led the segment results. The company’s October 30 conference call is scheduled to provide an opportunity for senior management to discuss the quarter and half-year performance.

Auditor review and board approval

The Board approved the standalone and consolidated unaudited results at its October 29 meeting. Deloitte Haskins & Sells LLP reviewed the financial results and issued unmodified review conclusions. An unmodified conclusion indicates that the auditors did not report a modification to their review conclusion on the unaudited results. The company had earlier informed the BSE that its board would consider the quarterly and half-year results at this meeting. The result announcement followed that stated schedule.

What the results mean for investors

The reported numbers show higher revenue, a sharp increase in net profit, and stronger earnings per share compared with the same period last year. Higher government incentive income was also included in the quarterly result and is a relevant item when assessing the reported profit. The H1 operating cash inflow of ₹650.90 crore adds a cash-flow measure to the earnings performance. No share-price movement, valuation data, or market reaction was included in the provided information. Therefore, the reported financial and operational data remain the clearest basis for assessing the Q2 announcement.

Conference call is the next scheduled event

Deepak Nitrite is scheduled to hold its Q2 and H1 FY27 earnings conference call on October 30, 2026, at 3:30 PM IST. Senior management is expected to discuss the financial results for the quarter and half year ended September 30, 2026. The call may provide further context on Phenolics, revenue trends, cash generation, and the government incentive income recognised in Q2. For now, the reported Q2 outcome shows consolidated revenue of ₹3,076.37 crore and net profit of ₹397.68 crore, extending the company’s strong first-half FY27 performance.