Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange regarding Appointment of Reappointment of Tax Auditor as Other of the company w.e.f. July 29, 2025.
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Deepak Fertilisers and Petrochemicals Corporation (DFPCL) announced Q1 FY26 results (quarter ended June 30, 2025) along with the re-appointment of M/s P G Bhagwat LLP as Tax Auditor for FY 2025-26. On a consolidated basis, operating revenue grew 17% year-on-year to Rs. 2,659 crore, operating EBITDA rose 10% to Rs. 513 crore, and net profit after tax jumped 22% to Rs. 244 crore. Standalone revenue from operations grew about 29% YoY to Rs. 584 crore with PAT of Rs. 87 crore. The Crop Nutrition segment posted a 125% jump in profit while the Chemicals segment profit dipped 9% on softer IPA and Ammonia prices. A major positive was the ITAT ruling in favour of subsidiary Mahadhan AgriTech deleting tax additions of about Rs. 581 crore, with related penalty orders of Rs. 479 crore expected to be cancelled. Net debt reduced from Rs. 3,305 crore to Rs. 3,078 crore, improving the net debt to EBITDA ratio from 1.72x to 1.50x.
The combination of double-digit profit growth, falling debt and a favorable ITAT ruling that wipes out a large contingent tax liability is positive for shareholders, though a slight YoY dip in EBITDA margin and softness in the Chemicals segment cap the upside.