Chemical intermediary manufacturer Deepak Nitrite Limited on Wednesday reported a sharp drop in its earnings for the first quarter of the financial year ending June 30 (Q1 FY26). The chemical firm's Q1 net profit dropped 44.6% to ₹112 crore year-on-year. The company's Q1 revenue dropped 12.8% to ₹1,889.8 crore year-on-year.