Quarterly Financial Results
Deepak Fertilisers Q1 FY27 Results: PAT Doubles as EBITDA Surges to Record High
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- Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) reported a strong Q1 FY27 performance with consolidated revenue rising 22% YoY to ₹3,256 crore, record EBITDA of ₹845 crore, and net profit doubling 101% YoY to ₹490 crore.
- The growth was driven by stronger realizations in ammonia, mining chemicals and industrial chemicals, alongside significant margin expansion.
PRICE-SENSITIVE TRIGGER
Event: Approval of Unaudited Q1 FY27 Financial Results.
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: The company delivered record operating profitability with strong growth in revenue, EBITDA and net profit, reflecting improved pricing, operating leverage and robust performance across key business segments.
Metrics:
Financial Highlights (Consolidated):
- Revenue from Operations: ₹3,256 crore (+22% YoY, +8% QoQ)
- Operating EBITDA: ₹845 crore (+65% YoY, +139% QoQ)
- EBITDA Margin: 26.0% (vs. 19.3% YoY)
- Profit Before Tax (PBT): ₹651 crore (+89% YoY, +304% QoQ)
- Net Profit (PAT): ₹490 crore (+101% YoY, +252% QoQ)
- PAT Margin: 15.0% (vs. 9.1% YoY)
Segment Performance:
- Chemicals Revenue: ₹1,882 crore (+35% YoY)
- Fertilisers Revenue: ₹1,367 crore (+9% YoY)
- Chemicals Segment Profit: ₹805 crore
- Fertilisers Segment Profit: ₹44 crore
Highlight:
- Deepak Fertilisers reported its highest-ever quarterly operating EBITDA of ₹845 crore, with EBITDA margin expanding to 26.0% and net profit more than doubling year-on-year.
What Happened ?
Deepak Fertilisers announced its unaudited financial results for the quarter ended 30 June 2026, reporting record profitability despite global market volatility arising from the US-Iran conflict.
Revenue growth was supported by stronger realizations across ammonia, mining chemicals and industrial chemicals. Margin expansion was driven by the commencement of Equinor LNG supplies, improved pricing for Technical Ammonium Nitrate (TAN), Nitric Acid and Isopropyl Alcohol (IPA), and enhanced operating leverage across the integrated business. The Board also approved the reappointment of P G Bhagwat LLP as the company’s Tax Auditors for FY2026-27.
key details
Business Highlights
- Consolidated revenue increased 22% YoY to ₹3,256 crore.
- Record operating EBITDA of ₹845 crore with 26.0% EBITDA margin.
- Net profit rose 101% YoY to ₹490 crore.
- Improved profitability driven by favourable pricing across ammonia, TAN, nitric acid and IPA.
- Equinor LNG supplies commenced during the quarter, supporting margin expansion.
- Temporary volume disruptions in TAN and IPA were offset by stronger realizations.
- Board approved reappointment of P G Bhagwat LLP as Tax Auditors for FY2026-27.
Note:
- The quarterly results were reviewed by the Audit Committee on 29 July 2026 and approved by the Board of Directors on 30 July 2026. The statutory auditors issued an unmodified limited review conclusion.
Risk Analysis
Summary:
- Although profitability improved sharply, future earnings remain sensitive to commodity prices, raw material costs and geopolitical developments affecting global energy markets.
Key Risks:
- Volatility in ammonia and natural gas prices.
- Dependence on favourable chemical pricing.
- Potential disruptions in global energy supply chains.
- Temporary production interruptions affecting product volumes.
- Cyclical demand in fertilisers and industrial chemicals.
Worst Case:
- A sharp decline in chemical realizations or sustained increases in feedstock costs could compress margins and reduce profitability in subsequent quarters.
Risk Level: Medium
Company Commentary
Management Highlights:
- Revenue growth was supported by stronger realizations across ammonia, mining chemicals and industrial chemicals.
- Record EBITDA reflects improved operating leverage and integrated business performance.
- Equinor LNG supplies have strengthened cost competitiveness.
- The company remains focused on maximizing profitability through operational efficiency and disciplined execution despite global market volatility.
Official Exchange Filing: Deepak Fertilisers and Petrochemicals Corporation Limited
