Industrial chemicals and fertilisers manufacturer Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday said its net profit has jumped nearly three fold to Rs 276 crore in the second quarter ended September 30, 2022. The company's net profit stood at Rs 93 crore during the corresponding quarter of the previous fiscal, DFPCL said in a statement. The operating revenue of the company grew by 51.7 per cent to Rs 2,719 crore during the quarter under review, compared to Rs 1,793 crore in the same period a year-ago. "We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products. "Our drive from commodity to specialty continues to support premium margins and brand consolidation in the mining chemicals, pharma chemicals and crop nutrition businesses," DFPCL Chairman and Managing .
Barring, Chambal Fertilizers & Chemicals, which has shed 19 per cent on YTD basis, most of the other fertilizers stock have logged gains so far in 2022. Deepak Fertilisers has zoomed 148 per cent.
The company expects their market leadership in key product segments and strong demand outlook to drive business growth and profitability.
The risk of a breach of the government's fiscal deficit target could play a spoilsport for the sector as it could prompt the Centre to cut back on subsidy support, analysts believe.
The company's PAT stood at Rs 115.80 crore during the corresponding quarter of 2020-21, Deepak Fertilisers and Petrochemicals Corporation said in a BSE filing
Sharda Cropchem rallied 8.3 per cent, while Deepak Fertilisers was locked in the 5 per cent upper circuit as the two hit their respective all-time highs on the BSE in Friday's intra-day trade.
Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period
With the forecast of normal monsoons and the rollout of Covid vaccination programme in the coming months, CARE Ratings expects economic activities to normalize during FY22
Deepak Fertilisers and Petrochemicals on Friday posted multi-fold increase in net profit to Rs 120 crore for the quarter ending June as sales volumes of isopropyl alcohol jumped by about 49 per cent y
Deepak Fertilisers, GNFC, Nagarjuna Fertilizers and Chemicals, Madras Fertilisers, Zuari Global, Aries Agro, National Ferilisers, Excel Crop Care and Jubilant Industries were up 2% to 10% on the BSE.
Creaticity has over 100 national and international brands across the home, food and beverages, and entertainment categories
Firm says delayed monsoon led to water cuts, impacting output and prompting farmers to defer fertiliser purchases