Deepak Nitrite (DEEPAKNTR) Q4 25/26 earnings summary

Executive summary

• Delivered strong Q4 FY26 results with revenue of ₹2,127 Cr, up 7% sequentially, and EBITDA of ₹383 Cr, up 74% sequentially, despite global volatility and supply chain disruptions.

• FY26 consolidated revenue was ₹7,947 Cr, with EBITDA at ₹1,041 Cr and PAT at ₹551 Cr; audited results received unmodified opinions.

• Operational resilience was supported by process enhancements, cost efficiencies, and supply chain integration.

• Strategic focus on innovation, integration, and expansion into high-value sectors and new geographies.

• The Board recommended a final dividend of ₹7.5 per equity share, totaling ₹102.29 crore, subject to shareholder approval.

Financial highlights

• Q4 FY26 revenue grew 7% sequentially; EBITDA rose 74% sequentially; PAT increased 120% sequentially.

• FY26 consolidated revenue was ₹7,887.07 crore, down from ₹8,281.93 crore in FY25; net profit was ₹550.66 crore, down from ₹697.37 crore.

• EBITDA margin improved to 18% in Q4 FY26 from 11% in Q3 FY26.

• Foreign exchange gains of ~₹12 Cr recorded in FY26.

• Standalone revenue for FY26 was ₹2,639.46 crore; standalone net profit was ₹188.88 crore.

Outlook and guidance

• Cautious optimism for export markets; focus on innovation, new product development, and expanding presence.

• Continued investments in capacity, integration, and import substitution to enhance resilience.

• Polycarbonate project on track for 2028 commissioning; ongoing expansion in high-value sectors.

• The Board and management assessed the impact of India's new Labour Codes, making provisions for related costs as exceptional items.