Shares of Deepak Nitrite Ltd fell 1.17% to Rs 1,705 in Thursday’s session, November 13, after the company reported a steep year-on-year decline in its September quarter earnings.
In Q2 FY26, the company’s consolidated net profit dropped 39% YoY to Rs 118.7 crore, compared to Rs 194.2 crore in the same period last year, as higher input costs and soft market conditions weighed on profitability.
Revenue from operations fell 6.4% YoY to Rs 1,901.9 crore from Rs 2,032 crore, reflecting persistent demand weakness across key chemical segments. The company’s EBITDA fell 31.3% YoY to Rs 204.3 crore, while EBITDA margin contracted to 10.7% from 14.6% a year earlier, signaling a significant erosion in operational efficiency.
Segment-wise, both the Advanced Intermediates and Phenolics divisions recorded declines in revenue and profit before tax, continuing the downward trend seen over recent quarters.
In a key management update, the Board approved the extension of Anant Pande’s term as Chief Manufacturing Officer from November 23, 2025, to March 31, 2028, reinforcing leadership continuity in manufacturing operations.
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