Deepak Nitrite Limited has informed the Exchange regarding 'Limited Review Report on Un-audited Financial Results for the quarter and nine months period ended December 31, 2025 with UDIN'.
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Deepak Nitrite reported Q3 FY26 standalone revenue from operations of ₹693.59 Cr, up ~25.7% YoY from ₹551.59 Cr, but net profit fell sharply to ₹8.14 Cr from ₹17.25 Cr due to a ₹10.51 Cr exceptional charge. On a consolidated basis, Q3 revenue rose ~3.8% YoY to ₹1,974.97 Cr with net profit of ₹99.82 Cr (vs ₹98.13 Cr). For 9M FY26, consolidated revenue declined ~5.5% to ₹5,766.74 Cr and net profit dropped ~33% to ₹330.83 Cr from ₹494.85 Cr. The exceptional item relates to a provision for India's new Labour Codes notified on November 21, 2025. Standalone other income includes a ₹91 Cr dividend from wholly-owned subsidiary Deepak Phenolics Limited. Auditor Deloitte Haskins & Sells LLP issued an unqualified review report with no qualifications or emphasis of matter.
Despite solid standalone Q3 top-line growth, sharp profit decline and the consolidated 9M revenue and earnings contraction signal margin pressure. The Labour Codes provision is a one-time charge, but investors should watch for sustained demand weakness in the Phenolics segment, which drove the consolidated revenue fall.