Deepak Nitrite (DEEPAKNTR) Q2 26/27 earnings summary

Executive summary

• Record Q2 and H1 performance amid volatile markets; higher throughput, full plant utilization, integrated manufacturing and proactive feedstock sourcing supported results.

• Portfolio diversification, dependable supply and disciplined execution underpin growth priorities across Advanced Intermediates, specialty products and Polycarbonate.

Financial highlights

• Q2 total revenue was ₹3,091 crore, up 61% YoY and 19% QoQ; consolidated revenue in the financial statements was ₹3,076.37 crore, versus ₹1,901.89 crore YoY.

• Q2 EBITDA reached ₹643 crore, up 187% YoY and 16% QoQ; consolidated net profit was ₹397.68 crore, versus ₹118.75 crore YoY.

• H1 revenue was ₹5,682 crore, up 48% YoY, and EBITDA was ₹1,197 crore, up 173%; consolidated financial statements report revenue of ₹5,653.97 crore and net profit of ₹742.69 crore.

• Consolidated PBT was ₹542.70 crore in Q2 and ₹1,010.33 crore in H1; EPS was ₹29.16 and ₹54.45, respectively.

Segment performance

• Phenolics Q2 revenue was ₹2,291.09 crore and EBIT ₹515.43 crore, with a 22% margin; H1 revenue was ₹4,066.14 crore and EBIT ₹933 crore, above the FY22 full-year peak of ₹867 crore.

• Advanced Intermediates Q2 revenue was ₹810.82 crore and EBIT ₹48.76 crore, with a 6% margin; H1 revenue was ₹1,614.67 crore and EBIT ₹116 crore.

• Advanced Intermediates pursued volume-led growth and recovered share in select products; aggressive pricing, input and energy costs, freight and deferred agrochemical demand pressured profitability.

• MIBK and MIBC ramp-up was 60%; assets were operating at or above target efficiencies, with utilization guided by integrated profitability and market pricing.