The company reported a consolidated net profit of Rs 345 crore for Q1FY27, marking a sharp increase of 209% compared with Rs 112 crore in the same quarter last year.
Revenue from operations climbed 36% year-on-year to Rs 2,577.6 crore, compared with Rs 1,890 crore reported in Q1FY26.
Operational performance also remained strong, with EBITDA rising 159% to Rs 554 crore from Rs 214 crore in the corresponding quarter of the previous year.
The company maintained a balanced revenue mix during the quarter, with domestic sales contributing 85% and exports accounting for 15% of revenue.
Strategic expansion plans add to investor sentiment
Along with the strong quarterly numbers, investor sentiment received an additional boost after the company announced a major expansion initiative through its wholly owned subsidiary, Deepak Chem Tech Limited (DCTL).## Stock Performance and Technical Outlook
Deepak Nitrite shares have gained nearly 10% over the past one month. The company currently commands a market capitalisation of around Rs 23,428 crore, while its 52-week high stands at Rs 1,904.40.From a technical perspective, the stock continues to show positive momentum. The 14-day Relative Strength Index (RSI) stands at 57.7, indicating that the stock is trading in a neutral-to-positive zone. An RSI above 70 is generally considered overbought, while a reading below 30 indicates oversold conditions. The stock is currently trading above all eight key Simple Moving Averages (SMAs), suggesting a bullish technical setup.
Institutional interest in Deepak Nitrite strengthened during the June 2026 quarter, with both foreign and domestic institutional investors raising their holdings. Foreign Institutional Investors (FIIs) increased their stake from 6.19% to 6.24%, while Mutual Fund holdings rose from 11.01% to 11.45% during the quarter.
With strong quarterly earnings, capacity expansion plans, positive technical indicators, and rising institutional participation, Deepak Nitrite remains in focus among investors tracking the chemical sector.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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