- Deepak Fertilisers' Q1 FY27 net profit doubled to Rs 490 crore year-on-year
- Revenue rose 22.5% YoY to Rs 3,256 crore, with an 8% QoQ increase
- Operating EBITDA grew 64.7% YoY to Rs 845 crore, margins up to 26%
Deepak Fertilizers Q1 Results: Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) announced a strong financial performance for the first quarter ended June 30, 2026 (Q1 FY27) on Thursday, July 29. The consolidated net profit for the June quarter more than doubled, soaring 101% year-on-year (YoY) to Rs 490 crore, compared to Rs 243 crore (Rs 244 crore in audited press disclosures) reported in the corresponding period of the previous fiscal year.
The growth was aided by an integrated gas-to-ammonia platform, the commencement of Equinor LNG supplies, and improved realizations across core product lines. Revenue from operations grew 22.5% YoY to Rs 3,256 crore, up from Rs 2,659 crore in Q1 FY26. On a quarter-on-quarter (QoQ) basis, top-line revenue expanded by 8% from Rs 3,011 crore in Q4 FY26.
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Operating EBITDA registered a 64.7% YoY growth to Rs 845 crore. Consequently, operating EBITDA margins expanded by nearly 670 basis points to 26.0%, compared to 19.3% in Q1 FY26. Commenting on the quarterly results, S.C. Mehta, Chairman and Managing Director, noted that Q1 FY27 served as an important milestone, delivering its highest-ever quarterly EBITDA and net profit.
"Despite significant market volatility and supply chain disruptions arising from global conflicts, the doubling of profits during the quarter validates our core strategy," said S.C. Mehta. "The strength of our integrated value chain spanning LNG, Ammonia, and downstream products, combined with our strategic pivot towards differentiated solutions, continues to enhance earnings quality. With our Dahej and Gopalpur expansion projects nearing completion, we are positioned to enter our next growth leg."
Segment-Wise Performance Summary
1. Mining Chemicals (Technical Ammonium Nitrate - TAN)
Revenue Trend: Despite a 12% YoY decline in sales volumes caused by operational and dispatch adjustments related to updates on the PESO portal, segment revenues surged 37% YoY. This top-line expansion was anchored by stronger realizations and high international pricing environments.
B2C Momentum: Revenue from the B2C segment expanded by 42% YoY to Rs 151 crore, now contributing 17% to total Mining Chemical revenues.
2. Pharma & Specialty Industrial Chemicals
Nitric Acid: Overall sales volumes remained stable throughout the quarter. Strong realizations driven by favorable demand-supply dynamics supported overall segment profitability.
Isopropyl Alcohol (IPA): Volumes faced temporary headwinds due to Refinery Grade Propylene (RGP) availability constraints. Strong demand from pharmaceutical end-users helped offset volume pressure through better contribution margins per tonne.
3. Crop Nutrition Business (Fertilisers)
Manufactured Sales: Manufactured NPK sales volumes increased 4% YoY to 133 KT.
Specialty Portfolio: Premiumization efforts continued, with Croptek and Specialty Fertilisers accounting for 43% of overall Crop Nutrition revenues.
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Debt Profile & Key Capex Updates
Deepak Fertilisers continued to demonstrate financial discipline by reducing its net debt during the quarter.
Net Debt Position: Net debt was reduced to Rs 4,719 crore.
Leverage Ratio: The Net Debt to EBITDA ratio improved to 1.4x.
Project Status:
-The Gopalpur TAN Project reached approximately 96% completion.
-The Dahej Nitric Acid Complex achieved 93% completion.
-Commercial operations for both mega-projects are expected towards the end of Q2 FY27.
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