Interim report
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RESPONSIBLE CARE OUR COMMITMENT TO SUSTAINABILITY DEEPAK NITRITE DNL / 140 / NSE / 1673 / 2026 4th August , 2026 Listing Department National Stock Exchange of India Limited Exchange Plazap Bandra Kurla Complex Bandra ( E ) MUMBAI 400 051 Dear Sir , Stock Symbol : DEEPAKNTR Re : Un - audited Financial Results for the Quarter ended 30th June , 2026 We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 4th August , 2026 has considered and approved the Standalone and Consolidated Un - audited Financial Results of the Company for the Quarter ended 30th June , 2026 . Pursuant to Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " Listing Regulations " ) , we are sending herewith Standalone and Consolidated Un - audited Financial Results of the Company for the Quarter ended 30th June , 2026 , duly signed by the Chairman and Managing Director of the Company . Further , we also enclose herewith Limited Review Report issued by M / s Deloitte Haskins & Sells LLP , Chartered Accountants , Statutory Auditors of the Company , as required under Regulation 33 of the Listing Regulations . The Board Meeting commenced at 2:00 P.M. and concluded at 5:00 P.M. Please take the same on your record . Thanking you , Yours faithfully , For DEEPAK NITRITE LIMITED Capal ARVIND BAJPAI Company Secretary Encl : as above NITRITE RITE LIMITED DEEPAK VADO DEEPAK NITRITE LIMITED CIN : L24110GJ1970PLC001735 Registered & Corporate Office : 2nd Floor , Fermenter House , Alembic City , Alembic Avenue Road , Vadodara - 390 003 , Gujarat , India . Tel : +91 265 276 5200/276 5500 Investor Relations Contact : investor@godeepak.com www.godeepak.com
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DEEPAK NITRITE LIMITED Registered Office : 2nd Ftoor, Fermenter House, Atembic City, Atembic Avenue Road, Vadodara - 390 003, Gujarat, lndia Web Site : www.godeepak.com, lnvestors Relation Contact : investor@godeepak.com Corporate ldentification Number: L24110GJ1970P1C001735,Te1.: +91-765-2765200, Fax: +91-265-2165344 STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 3OTH JUNE, 2026 { in Crores Sr No. Particulars Quarter Ended Year Ended 30.06.2026 (Unaudited) 31.O3.2026 (Unaudited) Refer Note 5) 30.06.202s (Unaudited) 3 1 .03 .2026 (Audited) ,| 2 3 4 5 6 7 8 9 10 11 12 llncome I l(a) Revenue from operations I l(b) Other income (Refer Note 'l ) lTot"l ln.o,''" Expenses (a) Cost of materiats consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Emptoyee benefits expense (e) Finance costs (f) Depreciation and amortisation expense (g) Power & fuel expenses (h) Other expenses Total expenses Profit Before Exceptional ltems and Tax ('l - 2) Exceptional ltems (Refer Note 2) Profit before Tax (3 - 4) fax Expense (a) Current Tax (b) Deferred Tax Iotal Tax Expenses ,{et Profit for the period / year (5 - 6) )ther Comprehensive lncome r. ltems that witt not be rectassified to profit and oss . Remeasurements of the defined benefit ptans i. Equity lnstruments through Other Comprehensive ncome (FVOCI) ii. lncome tax retated to items above )ther Comprehensive lncome (net of tax) 'otal comprehensive income for the period / year 7 +8'1 'aid-up Equity Share Capital (Face Vatue of 12/- ach) )ther Equity asic & Diluted Earning per share (of 12/- each) (not nnualised) (in {): 806.76 6.1 8 812.94 451.84 41 .58 (10.ee) 72.41 1.92 27.00 59.84 82.25 725.85 87.O9 87.O9 22.70 (0.32) 22.38 64.71) (0.60)l ':::'l (0.44)l 64.27l| 27.281 NAI 4.?4 | 717.67 8.40 726.O7 421.59 9.00 19.99 72.11 1.30 26.30 55.72 66.63 67?..64 53.43 53.43 8.20 6.43 14.63 38.80 1.34 0.34 (0.46 1.22 40,o2 27.28 NA 2.84 612.28 7.42 619,70 364.08 1.91 (e.38) 74.45 0.86 25.26 56.87 64.72 578.77 40.93 40.93 7.021 3.621 rc.64ll 30.2e I (0.60) 0.1 5 (0.40, 29.89 27.28 NA 2.22 2,639.46 120.86 2,760.32 1,544.01 34.71 79.55 280.23 3.97 104.75 219.27 258.22 2,524.71 235.61 10.51 225.10 21 .92 1 4.30 36.22 188.88 2.64 I 0.46l| (0.84)l 2.261 1{',ill 27.28'| 3,188.05 I 13.85 | 0 B
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DEEPAK NITRITE LIMITED Registered Office : 2nd Floor, Fermenter House, Alembic City, Atembic Avenue Road, Vadodara - 390 003, Gujarat, lndia Web Site : www.godeepak.com, lnvestors Relation Contact : investor@godeepak.com Corporate ldentification Number: L24110GJ1970P1C001735,Te1.: +91-265-2765200, Fax: +91-265-2765344 CONSOLIDATED FINANCIAL RESULTS FORTHE QUARTER ENDED 3OTH JUNE, 2026 { in Crores (b) Otherincome Total lncome Expenses (a) Cost of materiats consumed (b) Purchases of stock-in-trade Changes in inventories of finished goods, work-in-progress and stock-in-trade (d) Emptoyee benefits expense (e) Finance costs (f) Depreciation and amortisation expense (g) Power & fuel expenses TotaI expenses Profit Before Exceptional ltems and Tax (1 - 2) Exceptional ltems (Refer Note 2) Profit before Tax (3 - 4) Net Profit for the period / year (5 - 6) Net Profit attributable to: Owners of the Company Non-controIting interests a. ltems that witl not be reclassified to profit and loss i. Remeasurements of the defined benefit ptans ii. Equity Instruments through Other Comprehensive lncome (FVOCI) lncome tax retated to items above Items that wi[[ be rectassified to profit and loss . Exchange Differences on translation of foreign operations ii. lncome tax related to items above Comprehensive lncome (net of tax) Comprehensive lncome (net of tax) Owners of the Company Non-controtting interests 'otal comprehensive income for the period / year btal comprehensive income for the period / year Owners of the Company Non-controtting interests Paid-up Equity Share Capital (Face Vatue of { 2/- Equity & Dituted Earning per share (of { 2/- each) ) (in {): (14.01 118.29 22.91 63.66 122.57 1 68.36 2,123.98 467.63 467.63 1 30.1 3 2,120.33 6.86 2,127.19 1 ,377.81 59.14 (s7.31 ) 110.91 18.91 62.59 120.39 1 33.40 1,825.84 301.35 301.35 65.51 16.01 81 .52 219.83 219.74 0.09 5.51 1.ZO (1.64) (7.11) 1,889.88 24.56 1,914.44 1,331.09 63.87 (34.25) 106.45 8.1 3 51.25 113.66 119.50 1,759.7O 154.74 154.74 41 .g1 0.58 42.4s I 1fi.251 (ss.2s 423.18 46.02 224.64 447.17 493.09 7,177.O1 769.93 12.84 757.O9 190.71 15.72 206.43 550.66 550.53 0.1 3 3.66 1.24 (1 .1 6) 7,887.07 59.87 7,946.94 5,324.47 273.69 2,577.60 14.01 2,591.61 1,581.32 60.88 344.69 0.08 27.28 NA 25.30 27.28 NA 16.11 27.28 NA 8.23
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DEEPAK NITRITE LIMITED Registered Office : 2nd Ftoor, Fermenter House, Alembic City, Atembic Avenue Road, Vadodara - 390 003, Gujarat, lndia Web Site : www.godeepak.com, lnvestors Relation Contact : investor@godeepak.com Corporate ldentification Number: L24110GJ1970P1C001735,Tet.: +91-265-2765200, Fax: +91-265-2765344 CONSOLIDATED SEGMENT.WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES { in Crores Sr. No. Particulars Quarter Ended Year Ended 30.06.2026 (Unaudited) 31.O3.2026 (Unaudited) (Refer Note 5) 30.06.2025 (Unaudited) 31.O3.2026 (Audited) 1 2 3 4 Segment Revenue (Revenue from operations): a) Advanced Intermediates b) Phenotics Sub-TotaI Less: lnter Segment Revenue 803.8s 1 ,775.05 2,s78.90 1.30 707.70 1,429.47 2,137.17 16.84 60s.33 1 ,303.96 1 ,909.29 '19.41 2,5s3.32 5,400.68 7,954.00 66.93 Total Revenue from Operations 2,577.60 2,120.33 1.889.88 7,887.07 Segment Results before Tax & lnterest: a) Advanced lntermediates b) Phenotics Totat Less: i) lnterest ii) Other un-allocable lncome (Net of un-atlocable Expenditure) iii) Exceptionat ltems (Refer Note 2) 66.98 417.76 484.74 22.91 (s.80) 33.57 286.s8 320.1 5 18.91 (0.11) 35.47 117.90 153.37 8.1 3 (e.s0) 1 06.95 694.58 801 .53 46.02 (14.42) 12.84 fotal Profit Before Tax 467.63 301.35 154.74 757.O9 Segment Assets a) Advanced lntermediates b) Phenotics c) Others un-allocabte 3,51 1.68 3,662.12 2,290.84 3,467.62 2,674.36 2,538.70 2,502.01 2,513.74 2,998.26 3,467.62 2,674.36 2,538.70 Total Segment Assets 9,464.64 8,680.68 8,014.01 8,680.68 Segment Liabilities a) Advanced lntermediates b) Phenotics c) Others un-atlocabte 1 ,329.15 1,592.35 329.16 1,252.41 76s.58 793.41 550.25 748.73 1,178.83 1,252.41 765.s8 793.41'otal Segment Liabilities 3,250.66 2,811.40 2,477 81 2,811.4O
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DEEPAK NITRITE LIMITED Registered Office : 2nd Floor, Fermenter House, Atembic City, Atembic Avenue Road, Vadodara - 390 003, Gujarat, lndia Web Site : www.godeepak.com, lnvestors Retation Contact : investor@godeepak.com Corporate ldentification Number: L24110GJ1970P1C001735,Te1.: +91-265-2765200, Fax: +91-265-2765344 NOTES: 1 ln the standatone results for the year ended March 31, 2026, Other lncome includes Dividend income of t91.00 Crores received from Deepak Phenolics Limited, a whotty owned subsidiary of the Company. 2 The Government of lndia has consolidated muttipte existing labour legistations into a unified framework comprising four Labour Codes co[tectivety referred to as the 'New Labour Codes' on November 21,2025. Accordingly, the Company and Group has assessed the impact of these changes and, based on certain estimates and an actuarial valuation, the Company and Group has made a provision of tl0.51 Crores and tl 2.84 Crores respectively as an "Exceptional item" in the financial resutts for the year ended March 31 , 2026. 3 Revenue from operations in consotidated financial resutts inctudes government incentive income recognized in one of the subsidiary Company as under: { in Crores Particulars Quarter Ended Year Ended 30.06.2026 (Unaudited) 31.O3.2026 (Unaudited) (Refer Note 5) 30.o6.202s (Unaudited) 31 .O3.2026 (Audited) Government lncentive lncome 21.50 68.41 17.23 102.10 ln accordance with lnd AS 108 -Operating Segments, the Company has disctosed the segment information at consolidated tevet and accordingly no separate disclosure on segment information is given at standatone financial resutts levet. The figures of the last quarter are the batancing figure between audited figures in respect of the futt financiat year ended March 3'1, 2076 and the published year to date figures upto the end of third quarter ended Decemebet 31,2025. The above unaudited financial resutts were reviewed by the Audit Committee and have been considered and approved by the Board of Directors at their meeting hetd on August 04,2026. r",oeeeWWvtrEo. Vadodara, August 04, 2026 Chairman & Managing Director I DIN No:00028377 5 6 W
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Deloitte Chartered Accountants 'l9th Floor, Shapath-V S.G. Highway Ahmedabad - 380 01 5 Gujarat, lndia Tel: +91 79 668273OO Fax: +91 79 66827400 Haskins & Sells LLP INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DEEPAK NITRITE LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DEEPAK NITRITE LIMITED ("the Compdfry"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended (the "LODR Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24lO 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For DELOITTE HASKINS & SETLS LLP Chartered Accountants (Firm's Registration No. 1 t7366W /W-100018) *{t.S.-Cdai1.. Hardik Sutaria ( Partner) (Membership No. 776642) (UDIN : 26L76642QPAGH K1809) Place: Vadodara Date: August 04, 2026 Regd. Office: One lnternational Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-4oo 013, Maharashtraflrdliie 1 Of 1Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: MB-8737
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Deloitte Chartered Accountants 19th Floor, Shapath-V S.G. Highway Ahmedabad - 380 01 5 Gujarat, lndia Tel: +91 79 66827300 Fax: +91 79 66827400 Haskins & Sells LLP INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DEEPAK NITRITE LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DEEPAK NITRITE LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter ended June 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, w€ do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: a) Deepak Nitrite Limited- Parent Company b) Deepak Phenolics Limited- Subsidiary Company c) Deepak Chem Tech Llmited- Subsidiary Company d) Deepak Nitrite Corporation Inc - Subsidiary Company e) Deepak PMC Limited- Subsidiary Company f) Deepak Oman Industries $fZ) LLC- Subsidiary Company g) Deepak Advanced Material Limited- Subsidiary Company h) Narmada Thermal Power Private Limited- Step down subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20LS, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. l -'. -'''"' --r '. ^,;, ', dUleitte V*rilt n Sells LLP is registered with Limited Liability having LLP identification No: MB-8737
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6. Deloitte Haskins & Sells LLP We did not review the interim financial information of 3 subsidiaries included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs. 11.52 Crores for the quarter ended June 30, 2026, total net loss after tax of Rs. 3.12 Crores for the quarter ended June 30, 2026 and total comprehensive loss of Rs 3.12 Crores for the quarter ended June 30, 2026, as considered in the Statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures perforrned by us as stated in paragraph 3 above. One of these subsidiaries is located outside India whose interim financial information have been prepared in accordance with accounting principles generally accepted in its respective country and which have been reviewed by other auditor under generally accepted auditing standards applicable in its country. The Parent's management has converted the interim financial information of such subsidiary located outside India from accounting principles generally accepted in its country to accounting principles generally accepted in India. We have reviewed these conversion adjustments, if any, made by the Parent's management. Our report on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the parent and reviewed by us. Our conclusion on the Statement is not modified in respect of these matters. The consolidated unaudited financial results includes the interim financial information of 2 subsidiaries which have not been reviewed by their auditors, whose interim financial information reflect total revenue of Rs. 0.46 Crores for the quarter ended June 30, 2026, total profit after tax of Rs. 0.27 Crores for the quarter ended June 30, 2026 and total comprehensive income of Rs. 0.27 Crores for the quarter ended June 30, 2026, as considered in the Statement. According to the information and explanations given to us by the Management, these interim financial inforrnation are not material to the Group. Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 1L7366W/W-100018) +{' S-<*b"-.;. . Hardik Sutaria Partner (Membership No. 776642) (UDIN : 26L76642YEYQYH3B9B) 7. Place: Vadodara Date: August 04,2026 Page 2 of 2