Q2 2026 Deepak Nitrite Ltd Earnings Call Transcript
Key Points
- Deepak Nitrite Ltd (BOM:506401) reported a 5% quarter-on-quarter increase in consolidated EBITDA, reaching INR224 crores.
- The Phenolics business showed resilience with a 2% revenue growth and a strong 23% improvement in EBITDA.
- The company achieved record quarterly production and sales of Isopropyl Alcohol, supported by a favorable product mix and lower feedstock prices.
- Deepak Nitrite Ltd (BOM:506401) is optimistic about future prospects, particularly in the Phenolics segment and agrochemical-linked intermediates.
- The company has commenced operations of its hydrogenation asset and inaugurated a state-of-the-art R&D center, enhancing innovation and product diversification.
- The Advanced Intermediates segment faced challenges from tariff actions and underpriced imports, impacting profitability.
- Pressure on realizations in the Advanced Intermediates segment was severe, affecting overall financial performance.
- The operating environment remains complex and challenging, with ongoing geopolitical situations and interest rate movements.
- Export revenues were relatively low, with a domestic to export mix of 86:14, indicating limited international market penetration.
- The company experienced a year-on-year decline in H1 FY '26 revenue and EBITDA compared to H1 FY '25, reflecting broader market challenges.
Ladies and gentlemen, good day, and welcome to Deepak Nitrite Q2 FY '26 earnings conference call hosted by IIFL Capital Services Limited. At the outset, I would like to clarify that certain statements made or discussed on the conference call today may be forward-looking in nature, and a disclaimer to this effect has been included in the investor communication shared with you earlier. The results documents have been shared with you earlier and also have been posted on the company's website.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Ranjit Cirumalla from IIFL Capital. Thank you, and over to you, sir.
Good afternoon, everyone, and thank you for joining us on Deepak Nitrite's Q2 and H1 FY '26 earnings conference call. Today, we have with us Mr. Maulik Mehta, Executive Director and CEO, Mr. Sanjay Upadhyay, Director, Finance and Group CFO and Mr. Somsekhar Nanda, CFO of Deepak Nitrite Limited. To begin, Mr. Maulik
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