Deepak Nitrite Limited — PPTs, 13-11-2025: Investor Presentation

Deepak Nitrite (DNL) delivered a resilient Q2 FY26. Revenue was stable QoQ at ₹1,922 Cr, with EBITDA up 5% QoQ to ₹224 Cr, and PAT rising 6% QoQ to ₹119 Cr. Year-on-year, performance saw declines due to different market conditions. The Phenolics segment shined, reporting higher volumes and improved margins from lower feedstock costs, boosting its EBIT by 23% QoQ. Conversely, the Advanced Intermediates segment faced pressure from US tariffs and cheaper Chinese imports.

DNL's strategy centers on an India-first, import-substitution model, pushing for deeper integration upstream and downstream. A major ₹8,500 Cr investment is underway for India's first integrated Polycarbonate plant. The company is also enhancing value-added products, focusing on high-growth sectors, and transitioning to 60-70% renewable energy. A new ₹100 Cr R&D Centre was inaugurated in October 2025, and projects like the Acid Unit and MIBK/MIBC are on track for Q4 FY26 completion.

Management anticipates H2 will show improvement from new capacities and product launches, with potential upside if US tariffs ease.