Profit before tax (PBT) declined 38.25% year on year (YoY) to Rs 163.03 crore in Q2 FY26.

Total expenses shed 1.70% to Rs 1,758.81 crore in Q2 FY26 over Q2 FY25. During the quarter, the cost of materials consumed stood at Rs 1,243.82 crore (down 14.59% YoY), while employee benefits expense was at Rs 99.22 crore (up 2.20% YoY).

On segmental front, the revenue from advanced intermediates was at Rs 587.84 crore (down 2.99% YoY) while revenue from phenolics stood at Rs 1,333.46 crore (down 7.62%) during the period under review.

Deepak Nitrite is a leading chemical intermediates producer with a diversified portfolio that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments. It also manufactures petrochemical-derived intermediates such as phenolics, acetone, and isopropyl alcohol (IPA) for both domestic and international markets.

Shares of Deepak Nitrite shed 0.29% to Rs 1,720.50 on the BSE.