General Updates

Q2 & H1 FY2027 Results Presentation 29 October, 2026 HIGHEST-EVER PERFORMANCE 61% Y-o-Y 187% Y-o-Y 48% Y-o-Y 173% Y-o-Y Q2 FY27 ₹ 3,091 crore ₹ 643 crore ₹ 5,682 crore ₹ 1,197 crore H1 FY27 Total Income EBITDA Total Income EBITDA t 1 Q2 & H1FY27 Performance Overview 3 2 Update on Capacity Expansion 12 3 Company Overview 15 4 Appendix 21 Q2 & H1FY27 Performance Overview Snapshot From disruption to resilience — Deepak Nitrite has transformed its supply chain into a strategic advantage, enabling reliability, cost leadership, and future-ready growth Q2 FY27 H1 FY27 Key Takeaways - Q2 & H1 FY27 Revenue EBITDA Revenue EBITDA ( ₹ Crore) ( ₹ Crore) ( ₹ Crore) ( ₹ Crore) Phenolics segment achieved record EBIT of 3,091 643 5,682 1,197 INR 933 crore in H1 FY27, overtaking previous full-year peak EBIT of 867 Cr (FY22) in just the first six months of FY27 +61% YoY | +19% QoQ +187% YoY | +16% QOQ +48% YoY +173% YoY EBITDA Margin PAT EBITDA Margin PAT (%) ( ₹ Crore) (%) ( ₹ Crore) Agile procurement of inputs and deep integration of facilities with backward and 20.8% 398 21.1% 743 forward integration has enabled the company to deliver this record-breaking performance in a difficult operating vs. 11.6% in Q2 FY26 +235% YOY | +15% QoQ vs. 11.3% in H1 FY26 +221% YoY landscape Segment Performance - Q2 & H1 FY27 Phenolics Revenue AI Revenue Phenolics Revenue AI Revenue Upcoming projects will deepen integration ( ₹ Crore) ( ₹ Crore) ( ₹ Crore) ( ₹ Crore) of business model and contribute to accretion of topline and profitability 2,291 811 4,066 1,615 +72% YoY | 29% QoQ +38% YoY | +1% QoQ +54% YoY +35% YoY Q2 & H1 FY2027 – Financial Highlights REVENUE (₹Crore) EBITDA (₹Crore) PAT (₹Crore) 3,091 554 7 2,592 345 Y 1,922 2 224 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2 FY26 Q1FY27 Q2 FY27 Y-o-Y 61% Q-o-Q 19% Y-o-Y 187% Q-o-Q 16% Y-o-Y 235% Q-o-Q 15% REVENUE (₹Crore) EBITDA (₹Crore) PAT (₹Crore) 5,682 743 1,197 3,836 1 H 438 231 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 Y-o-Y 48% Y-o-Y 173% Y-o-Y 221% Financial Highlights & Segmental Snapshot – Q2 & H1 FY2027 (Consolidated) Key Numbers Advanced Intermediates REVENUE FROM OPERATIONS (₹CR.) EBIT (₹CR.) 804 811 Y-o-Y Y-o-Y 187% 23 38% 112% Y-o-Y growth in EBITDA in Q2 FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Phenolics REVENUE FROM OPERATIONS (₹CR.) EBIT (₹CR.) 88:12 2,291 418 1,775 Y-o-Y Y-o-Y 1,333 Domestic:Exports 72% 256% Revenue Mix for Q2 FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Particulars (₹ Crore) Q2 FY27 Q1 FY27 Q2 FY26 Q-o-Q (%) Y-o-Y (%) H1 FY27 H1 FY26 Y-o-Y (%) Revenue 3,091 2,592 1,922 19% 61% 5,682 3,836 48% 235% EBITDA 643 554 224 16% 187% 1,197 438 173% Y-o-Y Growth in PBT 543 468 163 16% 233% 1,010 318 218% PAT in Q2 FY27 PAT 398 345 119 15% 235% 743 231 221% Performance takeaways & Segmental Overview Deepak Group delivered its highest-ever quarterly and first-half performance in Q2 and H1 FY27, setting new benchmarks in revenue and profitability. Consolidated revenue reached ₹3,091 crore in Q2, registering 61% YoY growth, while EBITDA increased 187% YoY to ₹643 crore. For H1 FY27, revenue stood at ₹5,682 crore, with EBITDA of ₹1,197 crore, reflecting growth of 48% and 173%, respectively. The performance was achieved against a sharply volatile global operating environment, marked by geopolitical tensions, disrupted trade flows, feedstock constraints and elevated logistics costs. The Group successfully navigated these challenges while capitalising on emerging market opportunities, leveraging its integrated manufacturing capabilities, large domestic production base, operational flexibility and proactive commercial strategies. The growing preference for dependable local suppliers, particularly in import-dependent product categories, further reinforced the relevance of Deepak's manufacturing footprint and customer relationships. Phenolics remained the principal growth and earnings driver, benefiting from a convergence of favourable market conditions, healthy operating throughput and effective supply-chain management. The business strengthened its position in the domestic market as disruptions to international supply chains increased the competitiveness of locally manufactured products. Meanwhile, Advanced Intermediates demonstrated commercial agility by recalibrating its approach towards volume-led growth, broadening customer engagement and recovering market share in select established product categories, even as competitive pricing and elevated operating costs persisted. Importantly, the Group's performance also reflects the cumulative benefits of investments in manufacturing capabilities, backward integration, process efficiencies and energy optimisation. With newly commissioned assets progressively scaling up, new products moving through commercialisation and additional capacities approaching operational readiness, Deepak Group is strengthening its platform for diversified growth, greater downstream value addition and improved long-term competitiveness. Segmental Overview Advanced Intermediates (AI) Phenolics • The segment delivered 38% YoY revenue growth in Q2 FY27, supported • Achieved the best-ever quarterly performance with Q2 revenue by steady demand across established product lines, improved increasing 72% YoY to ₹2,291 crore and EBIT rising 256% YoY to ₹515 realisations in select categories and initial contributions from new crore. products. • Disruptions to imports, elevated international freight costs and tighter • In Q2, the business proactively prioritised higher volumes, customer domestic product availability enhanced the competitiveness of our acquisition and wallet-share recovery, successfully regaining market locally manufactured products. share across several basic intermediates. • Proactive sourcing of inputs through diversification of suppliers and • Segment Profitability was impacted by aggressive global pricing, timely procurement interventions mitigated disruptions arising from elevated raw material and energy costs, higher export freight and geopolitical developments and constrained international supply chains. deferred demand across certain agrochemical applications, partly offset • This enabled the company to ensure uninterrupted plant operations and by procurement efficiencies and integration benefits as well as cost full volume fulfillment thereby benefitting from firm realisations and benefits realized through backward integration initiatives. These costs healthy domestic spreads, which remained resilient as cost inflation are being passed on with some lag. across key feedstocks has been passed on. • The factors which are impacting the profitability of AI segment are • Advantageous market position expected to continue in forseeable contributing to enhanced competitiveness of phenolics segment. On a future till it stabilises to new normal even as established market company wide basis, there is immense benefit. leadership, operating efficiencies and continued downstream portfolio • Buoyant outlook due to expected moderation in channel inventory expansion provide avenues for future growth. destocking by customers, improving demand visibility, continued debottlenecking and the progressive commercialisation of specialty and downstream products provide avenues for higher volumes and an expanding product portfolio. CMD Message "The contours of global trade are being fundamentally reshaped by geopolitical tensions, disruptions to established supply chains and a growing emphasis on security of supply. Elevated freight costs, constraints in shipping availability and volatility in crude oil and petrochemical feedstocks are influencing sourcing decisions and competitive dynamics. At the same time, surplus capacities, particularly in China, and uneven demand across end-user industries continue to exert pressure on global chemical markets. In this evolving environment, competitiveness will increasingly be defined not merely by cost, but by quality, reliability and continuity of [Showing first 8,000 characters — download PDF for full document]