Deepak Nitrite rises as Q2 PAT jumps 235% YoY
Revenue from operations increased 61.73% year on year to Rs 3,076 crore from Rs 1,902 crore. Revenue rose 19% sequentially from Rs 2,578 crore in Q1 FY27.
EBITDA surged 187% year on year to Rs 643 crore from Rs 224 crore. EBITDA margin stood at 21% compared with 12% in Q2 FY26. Sequentially, EBITDA increased 16% from Rs 554 crore in Q1 FY27.
Profit before tax stood at Rs 543 crore in Q2 FY27, up 16% vs previous quarter and 233% vs year-ago quarter.
Raw material consumption and change in inventory rose 46% year on year to Rs 2,005 crore. Employee benefits expense increased 28% to Rs 127 crore, while power and fuel expenses climbed 43% to Rs 152 crore. Other expenses rose 42% to Rs 164 crore. Finance costs increased 267% to Rs 29 crore, while depreciation and amortisation rose 34% to Rs 71 crore.
The Phenolics business delivered a strong performance, with revenue rising 72% year on year to Rs 2,291 crore from Rs 1,333 crore. The Phenolics segment recorded its highest-ever quarterly revenue, while EBIT increased 256% year on year to Rs 515 crore. The company attributed the performance to favourable domestic market conditions, improved product availability and proactive sourcing of inputs amid global supply-chain disruptions.
Advanced Intermediates revenue increased 38% YoY to Rs 811 crore, supported by steady demand across established products, improved realisations in select categories and initial contributions from new products. However, segment profitability was affected by aggressive global pricing, higher raw material and energy costs, elevated export freight and deferred demand in certain agrochemical applications.
Net cash generated from operating activities stood at Rs 650.90 crore in the first half of FY27, compared with Rs 204.03 crore in the corresponding period last year.
Chairman and managing director Deepak C. Mehta said the company delivered record performance in Q2 and H1 FY27, supported by higher capacity utilisation across its plants and proactive sourcing of critical feedstocks. He highlighted the contrasting performance of the Phenolics and Advanced Intermediates businesses amid changing global market conditions.
Mehta said the company is expanding its portfolio through specialty and agrochemical intermediates, downstream products and advanced materials. It is also progressing with its integrated Propylene-to-Polycarbonate platform, with indigenous Polycarbonate Resin production targeted towards the close of FY2030.
Deepak Nitrite is one of the leading producers of chemical intermediates in India with a diversified portfolio of products that cater to multiple industries with varied applications.
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