Deepak Fertilisers Q2 Profit Surges Almost Three Times To Rs 276 Cr, Revenue Up 51%

In the last fiscal, its net profit stood at Rs 93 crore during the corresponding quarter, said the company in a statement. The company’s operating revenue went up by 51.7 per cent to Rs 2,719 crore during the current quarter, as compared to Rs 1,793 crore in the same period a year-ago

The industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation (DFPCL) said that its net profit has surged around three times to Rs 276 crore in the second quarter ending September, on 10 November.

In the last fiscal, its net profit stood at Rs 93 crore during the corresponding quarter, said DFPCL in a statement.

The company’s operating revenue went up by 51.7 per cent to Rs 2,719 crore during the current quarter, as compared to Rs 1,793 crore in the same period a year-ago.

DFPCL Chairman and Managing Director Sailesh C Mehta said that company’s drive from commodity to specialty will continue to support premium margins and brand consolidation in the mining chemicals, pharma chemicals and crop nutrition businesses,”

According to him, the Asian Development Bank (ADB) association has been an acknowledgement of the efforts and impact. The company has been making along with providing specialty and crop-specific performance fertilisers.

“The Ammonia and TAN (mining chemicals) projects continues in full swing. The company is driving for fast-track project execution for the same,” he added.