Deepak Nitrite Q3 FY26: Revenue ₹1,983 Cr, EBITDA ₹219 Cr, PBT ₹151 Cr
Deepak Nitrite reported Q3 FY26 revenue of ₹1,983 Crore, up 3% Y-o-Y, and EBITDA of ₹219 Crore, up 16% Y-o-Y. PBT was ₹151 Crore, up 12% Y-o-Y. For 9M FY26, revenue was ₹5,820 Crore, down 6% Y-o-Y. The company noted positive developments including the removal of US ADD on Sodium Nitrite exports.
The results show a mixed performance with revenue growth in the quarter but a decline in the nine-month period. Positive developments like the removal of US ADD are encouraging, but challenges in the Advanced Intermediates segment moderate the overall impact.
The company reported a year-on-year growth in revenue and EBITDA for the quarter, along with positive news regarding the removal of US Anti Dumping Duty on its exports, indicating a favorable outlook.
Deepak Nitrite Limited (DNL) announced its financial results for the third quarter and nine months ended December 31, 2025 (Q3 FY26 and 9M FY26). The company reported a total revenue of ₹1,983 Crore for Q3 FY26, a 3% year-on-year (Y-o-Y) increase from ₹1,924 Crore in Q3 FY25. EBITDA for the quarter grew by 16% Y-o-Y to ₹219 Crore from ₹190 Crore in the previous year, while Profit Before Tax (PBT) stood at ₹151 Crore, up 12% Y-o-Y from ₹135 Crore in Q3 FY25. The PBT for Q3 FY26 is before one-time exceptional items of ₹12.84 Crore related to gratuity provision.
For the nine months ended December 31, 2025 (9M FY26), total revenue was ₹5,820 Crore, a decrease of 6% Y-o-Y from ₹6,163 Crore in 9M FY25. EBITDA for 9M FY26 was ₹658 Crore, down 21% Y-o-Y from ₹836 Crore in 9M FY25, and PBT was ₹469 Crore, a 30% decrease from ₹674 Crore in 9M FY25.
The company highlighted operational agility and disciplined value creation as key drivers amidst macroeconomic challenges. The Phenolics segment showed consistent performance with improved volumes and operating efficiencies. However, the Advanced Intermediates segment faced challenges due to aggressive Chinese dumping and overcapacity impacting pricing power. The ramp-up of new capacities at DCTL is expected to strengthen performance. The removal of US Anti Dumping Duty (ADD) on Sodium Nitrite exports to the US was noted as a positive development. The company anticipates a favorable Q4 FY26.
Key projects include the MIBK/MIBC project targeted for commissioning in the current quarter and the relocation of the Polycarbonate plant from Germany to India, which is progressing on schedule. The commissioning of the Nitric Acid plant at Nandesari enhances backward and forward integration, positioning the Deepak Group as a globally integrated player in the ammonia-nitration-amines chain.
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