For the quarter ended June 2026, the company posted a net profit of ₹345 crore, compared with ₹112.2 crore a year earlier. Revenue increased 36.4% year-on-year to ₹2,577.6 crore, while EBITDA nearly tripled to ₹540.2 crore from ₹189.4 crore in the corresponding quarter last year. Operating margin expanded sharply to 20.96%, compared with 10.03% a year ago, highlighting a significant improvement in profitability.
The expansion announcement was equally noteworthy. The board of Deepak Chem Tech Ltd. (DCTL), the company’s wholly owned subsidiary, approved a project to manufacture Bisphenol A (BPA) with a capacity of up to 240 KTA. The proposal also includes the development of a greenfield manufacturing complex and related infrastructure.
The total investment for the project is estimated at around ₹2,500 crore, although the final capital outlay will be determined after detailed engineering is completed. The company said the project will be funded through an appropriate mix of debt and equity.
Bisphenol A is a key industrial chemical used in the manufacture of polycarbonate plastics and epoxy resins, products that find applications across automobiles, electronics, construction and consumer goods. The investment reflects Deepak Nitrite’s strategy of expanding into higher-value downstream chemicals while strengthening its manufacturing capabilities.
The company also announced a senior management appointment. The board approved the appointment of Lohit Shringi as Chief Executive Officer – Advanced Intermediates Business, effective August 4, 2026, as it looks to sharpen execution across its specialty chemicals portfolio.
Ahead of the earnings announcement, Deepak Nitrite shares ended the day marginally higher at ₹1,720 on the NSE.Deepak Nitrite is one of India’s leading specialty and industrial chemicals manufacturers, producing a wide range of intermediates, performance chemicals and phenolics used across pharmaceuticals, agrochemicals, dyes, polymers and other industrial applications.
