Deepak Fertilisers & Petrochemicals Corporation Ltd on Thursday reported a two-fold rise in its consolidated net profit to Rs 490.04 crore for the quarter ended June, mainly due to higher revenue. Its net profit stood at Rs 243.86 crore in the year-ago period. The total income rose to Rs 3,262.21 crore in the first quarter of this fiscal from Rs 2,682.52 crore in the corresponding period of the preceding year, according to a regulatory filing. Deepak Fertilisers & Petrochemicals Corporation Ltd is one of the leading producers of fertilisers and industrial chemicals in the country. The company has manufacturing facilities in Taloja Maharashtra; Srikakulam Andhra Pradesh; Panipat Haryana; and Dahej Gujarat.
Nishchal Jain of Share.Market believes that the 'Golden Crossover' suggests the beginning of a multi-quarter recovery cycle for Fortis Healthcare, Deepak Fertilisers and Deepak Nitrite.
India is the world's second-largest fertiliser consumer after China and depends heavily on imports of both raw materials and finished products
The government has approved a ₹41,534 crore subsidy for Phosphatic and Potassic (P&K) fertilisers for the upcoming 2025-26 kharif season.
Shares of fertiliser companies jumped up to 5 per cent on Wednesday after US President Donald Trump agreed to a temporary two-week ceasefire with Iran
US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.
According to Kotak Institutional Securities, prolonged unrest in West Asia could not only push up input costs for Indian chemical companies but also have an impact on export revenues