Deepak Nitrite Limited has informed the Exchange about General Updates - Q1 FY2026 Investor Presentation
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Deepak Nitrite reported Q1 FY26 Total Income of ₹1,897 crore, down 13% year-on-year but down only 7% sequentially. EBITDA stood at ₹197 crore, down 40% YoY but up 11% QoQ, with margins improving roughly 100 basis points QoQ to about 10%. PBT was ₹138 crore, down 50% YoY but up 17% QoQ. The company attributed weak YoY performance to global economic slowdown, China oversupply, pricing pressure, and slower-than-expected recovery in agrochemical demand, especially in Europe. Management guided that margin recovery will be supported by cost optimization, digital transformation, new product variants, and upcoming capacity additions including the ₹8,500 crore Polycarbonate plant (target FY28) and MIBK/MIBC units (H2 FY26), backed by a broader ₹10,000 crore investment plan.
Shares may react cautiously given sharp YoY declines in profits, but the sequential improvement in EBITDA, PBT, and margins could signal a bottoming out. Near-term performance hinges on revival in agrochemical demand, successful ramp-up of new projects, and easing of Chinese supply pressure.