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 electrode technologies, has successfully completed its postal ballot process with shareholders overwhelmingly approving all proposed resolutions. The company earlier announced its strong Q2 2025 financial results alongside significant board changes.

Postal Ballot Results

The company declared the results of its postal ballot conducted through remote e-voting on December 16, 2025. All three resolutions were approved with requisite majority:

The remote e-voting process commenced on November 16, 2025, and concluded on December 15, 2025. Ms. Rakhee Raghunath Malkarnekar, Practicing Company Secretary, served as the scrutinizer for the postal ballot process.

Financial Performance Highlights

The company reported strong financial performance for Q2 2025:

The company's revenue from operations for Q2 2025 increased by 20.45% compared to Q2 2024, while the profit for the period grew by 18.01%. For the half-year, revenue from operations saw a significant jump of 106.56%, with profit increasing by 15.59%.

Board Composition Changes

With shareholder approval now secured, the following board changes are effective:

Mr. Guido Picari brings over 15 years of international experience in finance and treasury management, while Mr. Purushottam Mantri continues his association with over four decades of experience in corporate law and compliance. Mr. Robert Scannell resigned citing his superannuation from the De Nora Group.

Corporate Governance

During Q2 2025, the company recognized provisions of ₹427.15 lakhs relating to warranty, based on past warranty claims and other relevant factors. The voting results and scrutinizer's report are hosted on the company's website and the Central Depository Services platform.

These developments reflect De Nora India's commitment to strong corporate governance and strategic growth, with the overwhelming shareholder support demonstrating confidence in the company's leadership decisions.