Deepak Fertilisers

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday reported a 39.67 per cent growth in consolidated profit after tax at Rs 252.26 crore during the quarter ended December 2022. The company's PAT (profit after tax) stood at Rs 180.61 crore during the corresponding quarter of the previous financial year, DFCL said in a regulatory filing. Revenue from operations of the company witnessed a growth of 40.85 per cent during the quarter under review at Rs 2,754.76 crore compared to Rs 1,955.70 crore in the same period of 2021-22. "This is our best ever quarter three performance despite having to weather the headwinds such as unfavourable raw material pricing and difficult global economic conditions," DFPCL Chairman and Managing Director Sailesh C Mehta said. The company's ammonia greenfield plant is on track, and DFPCL expects that it will be operational by the first quarter of FY24, he said. The project has already been granted ultra-mega project status by the Maharasht

Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)

Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation on Monday said it has signed a long-term binding contract with Aarti Industries for offtake and supply of Nitric Acid, valued at over Rs 8,000 crore. The agreement is expected to be executed before the close of this calendar year, DFPCL said in a statement adding that the supply arrangement will come into effect from April 1, 2023. The binding term sheet, signed between Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) and Aarti Industries Ltd (AIL), for a 20-year period will provide specific volume commitments with supply-or-pay, take-or-pay obligations by either companies, thereby providing adequate assurance, financial security and protecting commercial interests of both DFPCL and AIL, it added. The long-term offtake agreement will enable DFPCL to achieve market security for a significant portion of its Nitric Acid production and is expected to result in revenue of more

Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday said its net profit has jumped nearly three fold to Rs 276 crore in the second quarter ended September 30, 2022. The company's net profit stood at Rs 93 crore during the corresponding quarter of the previous fiscal, DFPCL said in a statement. The operating revenue of the company grew by 51.7 per cent to Rs 2,719 crore during the quarter under review, compared to Rs 1,793 crore in the same period a year-ago. "We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products. "Our drive from commodity to specialty continues to support premium margins and brand consolidation in the mining chemicals, pharma chemicals and crop nutrition businesses," DFPCL Chairman and Managing .

Barring, Chambal Fertilizers & Chemicals, which has shed 19 per cent on YTD basis, most of the other fertilizers stock have logged gains so far in 2022. Deepak Fertilisers has zoomed 148 per cent.

The company expects their market leadership in key product segments and strong demand outlook to drive business growth and profitability.

The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.

The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing

Sharda Cropchem rallied 8.3 per cent, while Deepak Fertilisers was locked in the 5 per cent upper circuit as the two hit their respective all-time highs on the BSE in Friday's intra-day trade.

Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period

With the forecast of normal monsoons and the rollout of Covid vaccination programme in the coming months, CARE Ratings expects economic activities to normalize during FY22

Deepak Fertilisers and Petrochemicals on Friday posted multi-fold increase in net profit to Rs 120 crore for the quarter ending June as sales volumes of isopropyl alcohol jumped by about 49 per cent y

Deepak Fertilisers, GNFC, Nagarjuna Fertilizers and Chemicals, Madras Fertilisers, Zuari Global, Aries Agro, National Ferilisers, Excel Crop Care and Jubilant Industries were up 2% to 10% on the BSE.

Creaticity has over 100 national and international brands across the home, food and beverages, and entertainment categories

Firm says delayed monsoon led to water cuts, impacting output and prompting farmers to defer fertiliser purchases