Deepak Fertilisers & Petrochemicals reported a record consolidated net profit of ₹490 crore for Q1FY27, marking a 101% year-on-year increase from ₹244 crore in the corresponding quarter of the previous year. The sharp rise in profitability was driven by a 65% surge in operating EBITDA to ₹845 crore, supported by stronger realizations across Ammonia, Mining Chemicals, and Industrial Chemicals despite global supply chain disruptions. Consolidated revenue grew 22% to ₹3,256 crore, reflecting robust demand and effective cost management within the company’s integrated value chain.

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, in a meeting held on July 30, 2026. The results were reviewed by the Audit Committee on July 29, 2026, and subjected to a limited review by statutory auditors P G Bhagwat LLP. In addition to approving the financial statements, the Board re-appointed M/s P G Bhagwat LLP as the Tax Auditors for the financial year 2026-27, based on the recommendation of the Audit Committee.

Financial Performance Highlights

The company’s top-line growth was complemented by significant margin expansion, with operating EBITDA margins improving to 26.0% from 19.3% in Q1FY26. This improvement was largely attributed to the commencement of Equinor LNG supplies and favorable pricing for key products such as Technical Ammonium Nitrate (TAN), Nitric Acid, and Isopropyl Alcohol (IPA). While overall sales volumes for Mining Chemicals declined 12% year-on-year due to production and dispatch disruptions linked to changes in the PESO portal, revenues in this segment increased 37% due to higher realizations.

Standalone net profit stood at ₹68.34 crore for the quarter, compared to ₹86.85 crore in Q1FY26. Standalone revenue from operations was ₹516.97 crore, down from ₹583.66 crore in the prior year period, indicating that the consolidated growth was primarily driven by subsidiary operations and joint ventures.

Segment-wise Performance

The Chemicals segment contributed significantly to the earnings surge, with segment results reaching ₹8,051.9 crore before tax and finance costs, up sharply from ₹3,672.0 crore in Q1FY26. Within this segment, B2C revenues grew 42% to ₹151 crore, accounting for 17% of Mining Chemicals sales. The Crop Nutrition segment faced challenges due to delayed monsoon progression and elevated raw material costs, but NPK manufactured sales still grew 4% year-on-year to 133 KT. Specialty and CropTek products contributed 43% of Crop Nutrition revenues, reinforcing the company’s strategy towards premiumized offerings.

Balance Sheet and Strategic Developments

Deepak Fertilisers demonstrated strong balance sheet discipline, reducing its Net Debt to ₹4,719 crore, resulting in an improved Net Debt/EBITDA ratio of 1.4x. The company also completed the acquisition of Chardham Chemicals Private Limited, an explosives manufacturer, through its wholly-owned subsidiary Deepak Mining Solutions Limited on May 6, 2026, for a total consideration of ₹121.45 crore.

Looking ahead, two major capacity expansion projects are nearing completion. The Gopalpur TAN Project has reached approximately 96% completion, while the Dahej Nitric Acid Project is at 93% completion. Commercial operations for both projects are expected towards the end of Q2FY27, which management believes will further enhance supply assurance and operating leverage.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the growing contribution of subsidiaries and integrated operations to the group’s bottom line. While standalone revenues contracted slightly, the consolidated entity benefited from broader market exposure and operational synergies across its value chain. The ability to maintain high margins despite volume disruptions in key segments like Mining Chemicals underscores the pricing power derived from its integrated LNG-to-ammonia platform and differentiated product portfolio.

Deepak Fertilisers & Petrochemicals Corporation Limited will discuss its financial performance for the quarter ended June 30, 2026, during a conference call scheduled for July 31, 2026. The meeting provides a platform for the management to present the Q1FY27 results and address investor queries regarding the company's operational and financial standing.

The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call is set to commence at 4:00 p.m. IST, allowing stakeholders to gain direct insights into the quarterly outcomes.

The management team will be represented by senior executives, including Mr. S C Mehta, Chairman and Managing Director, and Mr. Subhash Anand, President and Chief Financial Officer. Other key participants include Mr. Tarun Sinha, President, Technical Ammonium Nitrate, and Mr. Suparas Jain, Executive Vice President, Corporate Finance.

Participants can join the discussion via specific dial-in numbers provided for universal access. International toll-free numbers are available for regions including Hong Kong, Singapore, the UK, and New York. The organizers recommend dialing in at least 5 to 10 minutes prior to the scheduled start time to ensure connectivity.

Conference Call Details

Management Representation