Deepak Nitrite Ltd, manufacturing Basic Intermediates, Fine & Specialty Chemicals, Performance Products, and Phenolics, reported a decline in Q2FY26 profits due to lower revenues.
Financial Highlights:
- Revenues fell 6.4% year-on-year to ₹1,902 crore from ₹2,032 crore.
- Total expenses decreased 1.62% to ₹1,759 crore from ₹1,788 crore.
- Consolidated net profit dropped 38.66% to ₹119 crore from ₹194 crore.
- Earnings per share declined 38.90% to ₹8.70 from ₹14.24.
The profit decline was primarily due to lower sales and margin pressures despite slight expense control.
Outlook:
Deepak Nitrite is focused on increasing capacity utilization, product mix optimization, and entering new markets to revive growth. Investments in R&D and operational efficiency improvements are key priorities to restore profitability.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
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