Deepak Nitrite share price surged 9% on Friday after the company reported strong September quarter results for FY27. Net profit rose to ₹398 crore from ₹118.7 crore, while revenue grew 61.7% to ₹3,076 crore. Investors cheered these numbers, which showed a big jump in operating profitability compared to last year.
Deepak Nitrite share price surged as much as 9% in Friday's trading session after the company reported strong set of numbers during the September quarter results FY27 on Thursday.
Deepak Nitrite shares opened at ₹1,580 per share on NSE today, as compared to previous close of ₹1,476 on Thursday and touched an intraday high of ₹1,615 apiece on 30 October.
Deepak Nitrite Q2 results 2026
Deepak Nitrite posted a strong financial performance in the second quarter of FY27, with its net profit rising more than threefold to ₹398 crore from ₹118.7 crore in the corresponding quarter of the previous financial year.
The company's revenue increased 61.7% year-on-year to ₹3,076 crore, compared with ₹1,901.9 crore in the year-ago period, according to its quarterly results.
EBITDA, or earnings before interest, tax, depreciation and amortisation, climbed to ₹627 crore from ₹204.3 crore in the corresponding quarter last year. Meanwhile, the EBITDA margin expanded significantly to 20.4% from 10.7% a year earlier, indicating a substantial improvement in operating profitability.
Separately, Deepak Nitrite announced on September 29 that its material wholly owned subsidiary, Deepak Chem Tech Ltd, had commenced manufacturing operations at its chlorination and specialty chemicals plant in Dahej, Bharuch, Gujarat.
The facility, along with its associated utilities and infrastructure, began operations on September 29. The company had incurred capital expenditure of approximately ₹300 crore on the project by the time manufacturing commenced.
Deepak Nitrite share price performance
Deepak Nitrite share price has gained 4.93% over the past week, indicating a recovery in the stock's near-term performance. However, the stock has remained largely under pressure over the past month, declining 0.76%.
Looking at its longer-term performance, Deepak Nitrite shares have declined 10.77% year-to-date (YTD) and 12.75% over the past year. The stock has also delivered negative returns of 23.75% over three years and 31.93% over five years.