Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Transcript of Q1 FY 2026 Earnings Conference Call.
DEEPAKFERT · price
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Awaiting price reaction for this filing.
Deepak Fertilizers reported a strong Q1 FY26 with revenue up 17% YoY at Rs. 2,659 crore and net profit up 22% YoY at Rs. 244 crore. Operating EBITDA grew 10% YoY to Rs. 513 crore with margin improving 130 bps to 19.3%. Net debt reduced by Rs. 225 crore to Rs. 3,078 crore, improving the net debt-to-EBITDA ratio to 1.5x from 1.72x. The fertilizer segment grew 125% YoY on strong value-added product traction, while the chemicals segment saw a 9% profit dip due to IPA and ammonia pricing softness. The Gopalpur TAN project is 80% complete and the Dahej nitric acid project is 57% complete, with both expected to commission in Q4 FY26 (combined capex of Rs. 4,661 crore). A favorable ITAT order eliminated a Rs. 581 crore tax demand, and the TAN export quota was raised to 50,000 metric tonnes per year. Management also increased its stake in Australian subsidiary Platinum Blasting Services from 65% to 85% for about Rs. 77 crore.
Positive near-term: strong Q1 performance, debt reduction, and a Rs. 581 crore tax relief strengthen the financial position. Medium-term outlook is mixed — capacity addition by Q4 FY26 will drive growth, but margin pressure in IPA/chemicals and the potential Coal India capacity addition (6 lakh tonnes by FY29) remain overhangs for TAN margins. Stock may see constructive response on the earnings beat and tax clarity.