Deepak Nitritereported a sharp increase in earnings for the second quarter of FY27, with net profit more than tripling to ₹398 crore from ₹118.7 crore in the corresponding quarter last year.
Revenue surged 61.7% year-on-year to ₹3,076 crore from ₹1,901.9 crore in the year-ago period, according to the company’s quarterly results.
Earnings before interest, tax, depreciation and amortisation (EBITDA), a measure of operating profit, jumped to ₹627 crore from ₹204.3 crore a year earlier.
The EBITDA margin, which measures operating profit as a share of revenue, nearly doubled to 20.4% from 10.7% in the corresponding period last year.
Deepak Nitrite shares ended 0.81% lower at ₹1,476.40 on the NSE on Thursday. The stock has declined 3.6% over the past month and is down 13.3% so far in 2026.
Deepak Nitrite said on September 29, that its material wholly owned subsidiary, Deepak Chem Tech Ltd, has commissioned manufacturing operations at its chlorination and specialty chemicals plant in Dahej, Bharuch, Gujarat.
The plant, along with its utilities and infrastructure, commenced operations on September 29, with the company incurring capital expenditure of approximately ₹300 crore as of the start of manufacturing.
In August, Deputy Managing Director Maulik Mehta said Deepak Nitrite expected to sustain growth in FY27, supported by its raw material sourcing strategy and supply preparedness.
He said the company had secured raw material supplies well in advance, enabling its plants to operate at or above design capacity despite suppliers declaring force majeure during the April-June 2026 quarter.