De Nora India Limited , a leading player in electrode technologies, has reported a mixed set of financial results for the second quarter ended September 30, 2025. The company saw a significant decline in revenue but managed to improve its profitability.

Revenue Decline

De Nora India reported total income from operations of Rs 2,854.28 crore for Q2 FY2026, marking a 35% decrease from Rs 4,402.68 crore in the previous quarter. However, when compared to the same quarter last year, the company saw a 44% increase from Rs 1,978.09 crore.

Improved Profitability

Despite the revenue decline, the company's net profit after tax showed improvement:

The company's net profit increased by 19% quarter-on-quarter and 18% year-on-year.

Half-Yearly Performance

For the first half of FY2026, De Nora India's total income reached Rs 6,786.91 crore, compared to Rs 3,388.18 crore in the corresponding period of the previous year, representing a substantial growth of 100%.

Earnings Per Share

The earnings per share (EPS) for Q2 FY2026 stood at Rs 7.29, up from Rs 6.12 in the previous quarter, indicating an improvement in the company's profitability on a per-share basis.

Warranty Provisions

During the quarter, De Nora India recognized provisions of Rs 427.15 crore relating to warranty. These provisions are determined based on past warranty claims and other pertinent factors, which may impact the company's future financial obligations.

Management Commentary

Vinay Chopra, Managing Director of De Nora India Limited, stated, "While we faced challenges in our top-line performance this quarter, our focus on operational efficiency has resulted in improved profitability. We remain committed to delivering value to our shareholders and maintaining our position as a leader in electrode technologies."

Outlook

The company's ability to improve profitability despite revenue challenges suggests effective cost management and operational efficiency. However, the significant quarter-on-quarter revenue decline may warrant attention from investors and analysts in the coming quarters.

De Nora India's financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 5, 2025. The company continues to operate in the Electrode Technologies segment, which remains its sole reportable segment as per Ind AS 108 - Operating Segments.

Investors and stakeholders will likely keep a close watch on De Nora India's performance in the coming quarters to see if the company can maintain its profitability while addressing the challenges in revenue growth.

De Nora India Limited , a leading company in the electrochemical and water treatment solutions sector, has announced a significant change in its leadership structure. The company's Board of Directors has appointed Deepak Nagvekar, the current Chief Financial Officer (CFO), as an Additional Director in the category of Whole-time Director, effective September 18, 2025.

Appointment Details

The appointment, which follows the recommendation of the Nomination and Remuneration Committee, marks a new chapter in Nagvekar's long-standing association with De Nora India. His term as Whole-time Director is set for three years, extending from September 18, 2025, to September 17, 2028, subject to shareholder approval.

Nagvekar's Professional Background

Deepak Nagvekar brings a wealth of experience to his new role:

• Education: Commerce graduate, qualified Chartered Accountant with a Diploma in Information Systems Audit
• Experience: Over 25 years of professional experience in finance, accounting, taxation, audit, strategy, risk management, and corporate governance
• Tenure with De Nora India: Joined the company on November 15, 2007, serving for more than 18 years

Key Contributions

During his tenure at De Nora India, Nagvekar has been instrumental in:

• Managing end-to-end financial operations
• Overseeing budgeting and forecasting
• Enhancing working capital management
• Strengthening internal financial controls
• Implementing effective risk management practices

Strategic Role

Nagvekar has played a pivotal role in aligning the company's financial policies with its corporate objectives. His efforts have been crucial in:

• Supporting business growth
• Driving strategic initiatives
• Monitoring financial performance
• Ensuring compliance with regulations governing listed companies in India

Board's Decision

The appointment was made at a board meeting held on September 18, 2025. Following this decision, Nagvekar will be designated as Whole-time Director and CFO, subject to shareholder approval.

Regulatory Compliance

De Nora India Limited has duly informed the National Stock Exchange of India Ltd. and BSE Limited about this appointment, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by De Nora India Limited to elevate a long-standing finance professional to a key leadership position underscores the company's commitment to leveraging internal talent and ensuring continuity in its financial stewardship.