Deepak Fertilisers & Petrochemicals Corporation Ltd, a diversified player in fertilisers, agri services, bulk chemicals, mining chemicals, and real estate, reported steady Q2FY26 results anchored by strong growth in speciality crop nutrition products.
Financial Highlights:
- Revenues increased 9.43% year on year to ₹3,006 crore from ₹2,747 crore.
- Total expenses rose 10.87% to ₹2,723 crore from ₹2,456 crore.
- Consolidated net profit remained stable at ₹214 crore compared to the previous year.
- Earnings per share rose slightly to ₹16.89 from ₹16.64.
Business Insights:
- The fertiliser business delivered strong volume growth of 36%, driven by specialty Croptek products that now constitute 28% of the segment revenue.
- The Technical Ammonium Nitrate (TAN) business showed robust 29% volume growth despite monsoon-related sequential decline.
- Chemicals segment experienced headwinds with a 21% revenue drop due to pricing volatility in Isopropyl Alcohol and Ammonia businesses.
- The company successfully completed the acquisition of Platinum Blasting Services, enhancing its mining solutions portfolio.
Outlook:
Deepak Fertilisers continues to emphasize its transformational journey towards specialty products, operational discipline, and customer-centricity, aiming for sustainable growth and value creation in evolving market conditions.
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