Deepak Nitrite Q2 FY26: Net profit declines 42% on consolidated basis
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Consolidated revenue from operations fell to 3,791.77 Cr from 4,198.84 Cr, down about 9.7% year on year. Net profit dropped to 231.01 Cr from 396.73 Cr, a fall of about 41.8%. Standalone net profit declined to 141.95 Cr from 205.33 Cr, down about 30.9%. Standalone revenue was 1,228.20 Cr versus 1,320.41 Cr. Profit compression was much sharper than the revenue slide, pointing to margin pressure. Standalone other income includes 91 Cr dividend from subsidiary Deepak Phenolics. Limited review report by Deloitte Haskins and Sells LLP is clean, with no qualifications.
Sharp fall in profits versus milder revenue dip points to margin compression; shares may react negatively. Clean auditor review limits governance concerns.