Deepak Fertilisers and Petrochemicals Corporation Limited announced its first-quarter (Q1) FY27 results, posting a record 101% year-on-year surge in net profit to INR490 crore. This performance was driven by a 65% jump in operating EBITDA to INR845 crore, achieving a margin of 26%. The company highlighted strong growth across its businesses, strategic value chain integration, and progress on key expansion projects.
Deepak Fertilisers Reports Strong Q1 FY27 Performance
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has delivered its best-ever quarterly financial results for the first quarter of fiscal year 2027 (Q1 FY27), ended June 30, 2026. The company reported a significant 101% year-on-year increase in net profit, reaching INR490 crore. This impressive growth was underpinned by a record operating EBITDA of INR845 crore, marking a 65% increase compared to the same quarter last year. The EBITDA margin improved substantially to 26%, up from 19% in Q1 FY26.
Key Business Highlights and Strategic Strengths
The company attributed its robust performance to several core strengths, including its integrated value chain, anchored by a long-term LNG contract with Equinor, a world-scale ammonia plant, and Asia’s largest nitric acid facility. These assets, serving diverse sectors like crop nutrition, mining chemicals, and industrial chemicals, provide resilience, risk mitigation, and cost optimization. The alignment of DFPCL’s businesses with India’s growth story, particularly in areas like power, infrastructure, horticulture, and specialty chemicals, further bolstered demand drivers despite price increases.
Project Progress and Future Outlook
DFPCL’s strategic growth projects are nearing completion, with the Gopalpur TAN project at 96% completion and the Dahej nitric acid project at 93% completion. Both are expected to commence operations in Q2 FY27, within their approved capex envelopes. The commencement of LNG supplies under the long-term agreement with Equinor marks a milestone in the company’s integration journey. Looking ahead, DFPCL remains constructive across its businesses, anticipating continued growth driven by new capacities, integration benefits, and a strong business mix.
Financial Snapshot
Consolidated revenue for the quarter stood at INR3,256 crore, a 22% year-on-year growth. Net profit for the quarter was INR490 crore, up 101% year-on-year and 252% sequentially. Net debt was reduced to INR4,719 crore, with the debt/EBITDA improving to 1.4x, reflecting strong cash generation amidst peak investment cycles.
Source: BSE
