Deepak Nitrite Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Deepak Nitrite reported a decline in consolidated revenue to ₹7,887 Crore in FY2026 from ₹8,282 Crore in FY2025, marking a 4.8% revenue decline. Standalone revenue grew marginally from ₹2,526 Crore to ₹2,639 Crore. Consolidated net profit dropped to ₹540 Crore from ₹697 Crore (down 22.6%), while standalone net profit fell to ₹187 Crore from ₹276 Crore (down 32.5%). The company recorded an exceptional item of ₹12.84 Crore (consolidated) due to provision for New Labour Codes. Auditors Deloitte Haskins & Sells LLP issued unmodified opinions on both standalone and consolidated results. The board recommended dividend of ₹7.5 per share.
The significant decline in profitability despite stable standalone operations suggests headwinds in subsidiary performance. The revenue decline at consolidated level and sharp PAT contraction may weigh on investor sentiment, though clean audit opinion provides some comfort.