Deepak Nitrite arm commissions ₹85-crore plant at Gujarat's Dahej

Deepak

Chem Tech Limited, a wholly-owned subsidiary of the Deepak Nitrite Limited, has commissioned its nitration and second hydrogenation plant at Dahej in Bharuch district of Gujarat.

The commissioning took place on January 11, 2020, the company said.

The total capital expenditure incurred for the project is approximately ₹85 crore as on the date of commissioning.

Q2 results

Deepak Nitrite Ltd reported a nearly 39% year-on-year (YoY) decline in consolidated net profit to ₹118.7 crore for the quarter ended September 30, 2025, compared to ₹194.2 crore in the same period last year, impacted by higher input costs and market dynamics.

The company’s revenue fell 6.4% to ₹1,901.9 crore from ₹2,032 crore, reflecting continued demand weakness in key chemical segments.

However, its standalone profitability improved in Q2FY26, as revenue from operations rose to ₹615.92 crore for the quarter ended September 30, 2025, compared with ₹604.70 crore a year ago.

While profit before tax fell to ₹119.09 crore from ₹158.34 crore in the same quarter last year, it improved sharply from ₹40.93 crore in the preceding quarter.

For the half-year ended September 30, 2025, total income stood at ₹1,335.47 crore against ₹1,443.80 crore a year earlier, with profit before tax at ₹160.02 crore compared to ₹243.38 crore in the previous year period.

Shares of Deepak Nitrite Limited closed at ₹1,537.10, down ₹9.30 or 0.60%, on January 19.

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