News ArticleDeepak Nitrite Reports Highest-Ever Quarterly Revenue of ₹3,091 Crore and 187% EBITDA Growth in Q2 FY27
Phenolics segment posts record ₹933 crore EBIT in H1 FY27 as company leverages supply chain integration amid challenging global landscape
Deepak Nitrite reports its highest-ever quarterly performance for Q2 FY27 with revenues of ₹3,091 crore, up 61% year-on-year, and EBITDA of ₹643 crore, up 187%. The phenolics segment achieved a record EBIT of ₹933 crore in H1 FY27, surpassing its previous full-year peak, driven by strong domestic market demand and supply chain integration amid challenging global conditions.
Deepak Nitrite Limited
General / Other
Deepak Nitrite Limited announced record financial results for the second quarter and first half of FY27, with consolidated revenue reaching ₹3,091 crore in Q2 representing a 61% year-on-year increase, while EBITDA soared 187% to ₹643 crore. The phenolics segment notably achieved a record EBIT of ₹933 crore in the first half of FY27, surpassing its prior full-year high.
The company's consolidated revenue for the first half of FY27 was ₹5,682 crore, a 48% increase year-on-year, with EBITDA at ₹1,197 crore reflecting a 173% rise. Profit after tax (PAT) also showed a substantial improvement, rising 235% year-on-year in Q2 to ₹398 crore and 221% in H1 FY27 to ₹743 crore.
The phenolics business drove the strong growth, benefiting from disruptions to imports, higher freight costs, increased domestic demand, and effective supply chain management. The Advanced Intermediates segment saw 38% revenue growth in Q2 despite margin pressures from elevated costs and competitive pricing.
The company reported improved EBITDA margins at 20.8% for Q2 FY27 compared to 11.6% in Q2 FY26, reflecting operational efficiencies and product mix advantages. Proactive procurement, backward integration, and capacity expansions contributed to the exceptional results.
Deepak Nitrite's strategic investments have enhanced manufacturing capabilities and resilience, enabling the company to capitalize on market opportunities despite geopolitical tensions, supply chain disruptions, and fluctuating raw material costs.
Looking ahead, the company anticipates continued benefits from its integrated business model and new capacity coming online, supporting further growth and competitiveness in both phenolics and advanced intermediates segments.
Highlights
- Q2 FY27 consolidated revenue of ₹3,091 crore, up 61% year-on-year and 19% quarter-on-quarter.
- EBITDA of ₹643 crore in Q2 FY27 represents a 187% year-on-year increase and 16% quarter-on-quarter growth.
- Phenolics segment recorded a first-half EBIT of ₹933 crore, exceeding its previous full-year peak from FY22.
- First-half FY27 revenue and EBITDA stood at ₹5,682 crore and ₹1,197 crore, up 48% and 173% year-on-year, respectively.
- Profit after tax grew 235% year-on-year to ₹398 crore in Q2 and 221% to ₹743 crore in H1 FY27.
- EBITDA margin improved to 20.8% in Q2 FY27 from 11.6% in Q2 FY26, reflecting enhanced operational efficiencies.
Key Data Snapshot
What happened
- Deepak Nitrite delivered its highest-ever quarterly and half-year financial results in Q2 and H1 FY27.
- Consolidated revenue reached ₹3,091 crore in Q2 FY27, growing 61% year-on-year, and ₹5,682 crore in H1 FY27, up 48%.
- EBITDA surged 187% year-on-year to ₹643 crore in Q2 and 173% to ₹1,197 crore in H1 FY27.
- Phenolics segment earnings reached a record EBIT of ₹933 crore in H1 FY27, exceeding the prior full-year peak.
- The company’s PAT grew by over 200% year-on-year in both Q2 and H1 FY27.
- EBITDA margins increased significantly compared to the previous fiscal year, reflecting operational improvements.
Key details
- Phenolics segment revenue rose 72% year-on-year in Q2 FY27 to ₹2,291 crore and EBIT by 256% to ₹515 crore.
- Advanced Intermediates saw 38% year-on-year revenue growth in Q2 FY27 despite margin pressures.
- The company overcame global supply chain disruptions, geopolitical tensions, and elevated freight costs through efficient procurement and backward integration.
- Approximately 88% of revenue was from domestic sales and 12% from exports in Q2 FY27.
- Upcoming projects aim to deepen business integration, supporting future revenue and profitability growth.
- The company emphasized maximizing capacity utilization across all plants.
Strategic context
- Deepak Nitrite’s strong performance reflects its integrated manufacturing model and supply chain agility in a volatile global market.
- Phenolics benefited from disrupted imports, driving competitive advantage for domestic products due to supply chain reliability and cost management.
- Advanced Intermediates focused on volume-led growth and market share recovery amid pricing and cost challenges.
- Investments in manufacturing capabilities, backward integration, and energy optimization have enhanced competitiveness and diversification.
- The company is positioned to leverage India’s growing domestic chemical market and evolving global trade dynamics for further growth.
Highlights
- Q2 FY27 consolidated revenue of ₹3,091 crore, up 61% year-on-year and 19% quarter-on-quarter.
- EBITDA of ₹643 crore in Q2 FY27 represents a 187% year-on-year increase and 16% quarter-on-quarter growth.
- Phenolics segment recorded a first-half EBIT of ₹933 crore, exceeding its previous full-year peak from FY22.
- First-half FY27 revenue and EBITDA stood at ₹5,682 crore and ₹1,197 crore, up 48% and 173% year-on-year, respectively.
- Profit after tax grew 235% year-on-year to ₹398 crore in Q2 and 221% to ₹743 crore in H1 FY27.
- EBITDA margin improved to 20.8% in Q2 FY27 from 11.6% in Q2 FY26, reflecting enhanced operational efficiencies.
Disclosures
- BSE Listing Obligations and Disclosure Requirements
Source Information
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