Deepak Nitrite Q2 FY27 Sees Record Performance, Revenue Surges 61% YoY to ₹3,091 Crore
Deepak Nitrite achieved record Q2 FY27 performance with revenue at ₹3,091 crore (up 61% YoY) and EBITDA at ₹643 crore (up 187% YoY). H1 FY27 saw revenue of ₹5,682 crore (up 48% YoY) and EBITDA of ₹1,197 crore (up 173% YoY). The Phenolics segment led growth. The integrated Polycarbonate complex project is progressing, targeting completion by FY2030.
The record-breaking financial results, substantial year-on-year growth across key metrics, and strategic progress on a major expansion project like the Polycarbonate complex are highly significant for the company's future performance and market position.
The company reported its highest-ever quarterly and half-yearly performance with significant year-on-year growth in revenue, EBITDA, and PAT, indicating strong operational and financial health. The progress on the Polycarbonate project also adds to the positive outlook.
Deepak Nitrite Limited announced its highest-ever quarterly and first-half performance for Q2 and H1 FY2027, driven by significant growth in both revenue and profitability.
In Q2 FY27, consolidated revenue reached ₹3,091 crore, marking a 61% year-on-year (YoY) increase, while EBITDA surged by 187% YoY to ₹643 crore. For the first half of FY27 (H1 FY27), consolidated revenue was ₹5,682 crore (up 48% YoY), and EBITDA stood at ₹1,197 crore (up 173% YoY). The company reported a Profit After Tax (PAT) of ₹398 crore for Q2 FY27, a 235% increase YoY, and ₹743 crore for H1 FY27, a 221% increase YoY.
The Phenolics segment was a key growth driver, achieving a record EBIT of ₹933 crore in H1 FY27, surpassing its previous full-year peak. This performance was attributed to agile procurement, deep integration, and favourable market conditions, especially with disruptions to international supply chains enhancing the competitiveness of locally manufactured products. The Advanced Intermediates segment demonstrated commercial agility by focusing on volume-led growth and broadening customer engagement, despite competitive pricing and elevated operating costs.
Deepak Nitrite is also progressing with its integrated Polycarbonate (PC) complex at Dahej, with 65% of dismantling work and 27% of overall EPC work completed. The company aims for indigenous Polycarbonate Resin production targeted towards the close of FY2030, contributing to import substitution. The company's Chairman & Managing Director, Mr. Deepak C. Mehta, highlighted the company's resilience and ability to capitalize on opportunities in a challenging global operating environment.
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