Deepak Nitrite arm starts operations at Gujarat plant with ₹115-crore capex

Chemical firm Deepak Nitrite Ltd on Friday (September 26) said its wholly-owned subsidiary Deepak Chem Tech Limited has commissioned its hydrogenation plant at Dahej, Bharuch district in Gujarat, on September 26, 2025.

The total capital expenditure for the project is approximately ₹115 crore as of the date of commissioning. The new facility is expected to strengthen the company’s manufacturing capabilities and support its growth objectives.

First quarter results

Deepak Nitrite reported a 44.6% year-on-year (YoY) decline in net profit at ₹112 crore for the first quarter that ended June 30, 2025. The company had posted a net profit of ₹202.5 crore in the year-ago quarter.

Also Read: Deepak Nitrite Q4 Results: Profit falls 20%, revenue rises marginally

Revenue dipped 12.8% to ₹1,889.8 crore against ₹2,166.8 crore in the corresponding period of the preceding fiscal. EBITDA slumped 38.8% to ₹189.3 crore in this quarter from ₹309.4 crore year-on-year. The EBITDA margin shrank to 10% from 14.3% last year.

Shares of Deepak Nitrite Ltd ended at ₹1,848.40, down by ₹13.15 or 0.71%, on the BSE today, September 26.

Also Read: Motilal Oswal downgrades Deepak Nitrite on valuation concerns but bulls see it at ₹2,421