Deepak Fertilisers reported a 9% YoY increase in revenue to ₹3,006 Cr for Q2 FY26, driven by Croptek and TAN. H1 revenue increased by 13% YoY to ₹5,665 Cr. Q2 PAT remained flat YoY at ₹214 Cr, while H1 PAT grew 11% YoY to ₹458 Cr. Specialty products contribute 28% of CNB’s Q2 revenue. Net debt stood at ₹97 Cr, and a net debt to EBITDA ratio of 1.74x.
Key Financial Highlights
Deepak Fertilisers and Petrochemicals Corporation Limited announced the following consolidated financial results for Q2 FY26:
- Revenue: Increased by 9% year-over-year (YoY) to ₹3,006 Cr.
- H1 Revenue: Increased by 13% YoY to ₹5,665 Cr.
- EBITDA: Stood at ₹464 Cr.
- H1 EBITDA: Increased by 2% YoY to ₹977 Cr.
- Net Profit: Q2 PAT remained flat YoY at ₹214 Cr.
- H1 Net Profit: Increased by 11% YoY to ₹458 Cr.
Segmental Performance
The company saw varied performances across its business segments:
- Mining Chemicals (TAN): Overall sales volume increased by 29% YoY, exports surged, and volume delivery grew by 33% in the B2C segment.
- Crop Nutrition Business (Fertilisers): Sales volume surged by 54% YoY, with specialty fertilisers and Croptek contributing 28% to the business revenue.
- Industrial Chemicals: IPA sales volume rose by 2% YoY; domestic market sentiment remains weak.
Strategic Developments
Deepak Fertilisers continues to focus on its strategic transformation:
- Specialty products now constitute 28% of CNB’s revenue in Q2 FY26.
- Strategic growth projects are on track for completion by the end of FY26.
- The company completed the full acquisition of Platinum Blasting Services (PBS), its Australian subsidiary.
Balance Sheet Strength
Despite a capex spend of ₹870 Cr in H1 FY26, net debt rose by only ₹97 Cr, with a net debt to EBITDA ratio of 1.74x.
Project Updates
The Gopalpur TAN project is approximately 87% complete, and the Dahej Nitric Acid project is around 70% complete. Both projects are progressing as planned for commissioning by the end of FY26.
Source: BSE
