Deepak Fertilisers & Chemicals

Deepak Fertilisers Q3 net up 40% to Rs 252 cr, revenue rises to Rs 2,754 cr

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

Sebi penalises 2 people for insider trading in Deepak Fertilizers shares

Capital markets regulator Sebi on Thursday imposed penalties totalling Rs 45 lakh on two individuals for indulging in insider trading in the shares of Deepak Fertilizers and Petrochemicals Ltd. The regulator has slapped a fine of Rs 25 lakh on Naresh Ramniklal Mehta and Rs 20 lakh on his wife Pallavi Naresh Mehta, and also directed them to pay the fine within 45 days, according to an order. Sebi noted that Naresh is a director of Nishant Infin, which provided business services to Deepak Fertilizers and its subsidiaries. Also, Naresh is a cousin of Sailesh Mehta, who is the Managing Director of Deepak Fertilizers. Therefore, Naresh is reasonably expected to have access to information pertaining to Deepak Fertilizers, it said. As per the order, the Mehta couple traded in the scrip of Deepak Fertilizers while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to the financial results of the company for the quarter ended June 30, 2020. "The noticees (Mehtas) ha

Deepak Fertilisers, Aarti Ind soar up to 8% on plans to ink Rs8,000 cr deal

Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.

Deepak Fertilisers Q2 net rises nearly 3-fold to Rs 276 cr, revenue up 51%

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 .

Deepak Fertilisers zooms 50% in four weeks on strong demand outlook

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

Deepak Fertilisers up 5%, hits new high; stock gains 29% post strong Q1 nos

The company reported a 3.3-fold jump in Q1 net profit at Rs 435.66 crore, following which the stock has rallied smartly in the last seven trading sessions.

Uptrend intact in GNFC, Coromandel, Madras Fertilizers; may gain up to 16%

Fertilizer shares have been the outperformers so far in 2022, gaining up to 100%; While the bullish sentiment seems overrated, charts indicate continuation of the uptrend.

Ruchi Soya, Brightcom, Adani Power: How to trade buzzing stocks of the day?

Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.

Deepak Fertilisers at new high on robust Q3 results, gains 60% in 1 month

The company's consolidated net profit doubled to Rs 181 crore in Q3FY22 from Rs 89 crore

Chart Check: Zuari Global, GSFC, Deepak Fertilisers can rally up to 18%

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

Stocks to Watch: Paytm, Star Health, Rel Cap, Ujjivan SFB, BPCL, telcos

Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user

India Pesticides' listing puts spotlight on agro-chem stocks. Time to buy?

Analysts at Sharekhan expect high double-digit earnings growth for agri input companies over the next couple of years

Deepak Fertilisers, Godawari Power dip 5% after surging up to 54% in 9 days

These stocks are trading under 'T' group on the BSE and 'BE' segment on the National Stock Exchange

Deepak Fertilisers zooms 52% in a week; stock nears record high

In the past six months, the stock has soared nearly 190 per cent, against 14 per cent rally in the S&P BSE Sensex

Fertiliser stocks gain as government hikes subsidy; Chambal, RCF rally 9%

ICICI Securities does not expect the reduction in prices to have a major impact on the balance sheet of fertiliser companies

Deepak Fertilisers scales 30-month high as promoter hikes stake

Robust Marketing Services Private Limited, the promoter of the company, acquired 685,872 equity shares worth of Rs 13.16 crore through open market between February 25 and March 13.

Deepak Fertilisers recovers 17% after falling 23% in eight days

The stock moved higher by 17% to Rs 192 after the company said that the Income-tax team has left the company's offices and normal day-to-day business has resumed fully.

Deepak Fertilizers hits two-year low; down 20% in 1-week on weak Q2 results

The stock is down 5% at Rs 167 today, trading at its lowest level since August 19, 2016, on BSE.