Submission of Press Release on Audited Standalone and Consolidated Financial Results for the quarter and year ended 31st March, 2026
DEEPAKFERT · price
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Deepak Fertilisers reported FY26 revenues of ₹11,506 Cr, up 12% YoY, driven by volume growth in TAN and CNB. However, operating EBITDA declined 13% to ₹1,684 Cr and net profit fell 22% to ₹739 Cr due to war-led raw material cost escalation, inadequate fertilizer subsidy support, and a planned ammonia plant turnaround costing ~₹75 Cr in Q4. EBITDA margins compressed from 18.7% to 14.6%. The company declared 100% dividend and its maiden LNG shipment from a 15-year Norwegian contract has commenced, providing upstream cost stability. Mining Chemicals volumes rebounded strongly with 27% QoQ growth. Strategic projects at Dahej and Gopalpur are 95% and 86% complete, now targeting Q2 FY27 commissioning. Net debt stands at ₹4,824 Cr with leverage at 2.86x EBITDA during the investment phase.
While revenue growth demonstrates market demand resilience, the significant margin compression and 50% PAT decline in Q4 signal near-term earnings pressure from input costs and geopolitical disruptions. The maiden LNG contract and project completions should support margin recovery in FY27, though elevated leverage (2.86x) and delayed project commissioning add execution risk.