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Earnings Call Transcript

Deepak Nitrite Earnings Call Transcript: Key Takeaways

Deepak Nitrite reports record Q1 results driven by phenolics operational excellence and strategic backward integration into nitric acid, though upcoming heavy capex for polycarbonate and MIBK/MIBC projects looms large.

Highlights
Revenue growthRecord 2,592 Cr revenue, up 35% YoY and 22% QoQ.
MarginsEBITDA margins expanded to 21% from 11% YoY on integration.
Demand visibilityImproving demand across key end-user industries like electronics and pharma.
Management confidenceBalanced; focused on long-term value chain integration and asset stability.

Growth

Phenolics revenue grew 36% YoY while Advanced Intermediates EBIT surged 89% on better domestic demand.

Outlook

Polycarbonate and B-Phenol A projects target H2 FY29 commissioning; debt expected to peak near 8,500 Cr.

Risks

High raw material volatility persists in the AI segment; 11,500 Cr project execution risk.

Last quarter's promises, checked

Delivered

  • Q1 consolidated revenue > Q4 → Delivered 2,592 Cr vs 2,127 Cr (= BEAT)
  • Q1 EBITDA > Q4 → Delivered 554 Cr vs 383 Cr (= BEAT)
  • Q1 Standalone numbers > Q4 → Delivered (AI revenue 33% growth) (= BEAT)

Partly delivered

  • Nitric acid 45% utilization to stabilize → Ongoing technical issues mentioned (= PARTIAL)
  • MIBK/MIBC Q2 FY27 commissioning → Timeline maintained but pending (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: DEEPAKNTR. Summary written with AI assistance from the document.

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Deepak Nitrite Ltd: key numbers

Share price
₹1,587.10
Market cap
₹21,647 Cr
Revenue (annual)
₹7,887 Cr
Net profit (annual)
₹550.5 Cr
P/E (TTM)
27.6×Sector 37.5×
Promoter holding
49.34%+0.01% QoQ
FII holding
6.24%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Financial Results

Deepak Nitrite Q1 FY27 Results: Net Profit ₹345 Cr, Up 207.5% YoY

Deepak Nitrite Ltd reported revenue from operations of ₹2,578 Cr (+36.4% YoY) and net profit of ₹345 Cr (+207.5% YoY) for Q1 FY27.

Key figure
Net profit ₹345 Cr · +207.5% YoY