Deepak Nitrite revenue falls 7% but margins expand

Deepak Nitrite reported Q1 FY26 revenue of INR 1,897 crore, down 7% sequentially, but EBITDA rose 11% to INR 197 crore as margins expanded to 10%. Profit before tax improved 17% to INR 138 crore.

The company's Advanced Intermediates segment generated INR 605 crore revenue with EBIT of INR 35 crore, while Phenolics delivered INR 1,287 crore revenue with INR 101 crore EBIT.

Deepak Nitrite plans INR 10,000 crore investments over three years, with FY26 capex budgeted at INR 800-1,000 crore.