Deepak Fertilisers & Petrochemicals Corporation Ltd — earnings calls

Deepak Fertilisers reported consolidated revenue of Rs 3,256 crore for Q1 FY27, up 22% year-on-year, with operating EBITDA rising 65% year-on-year to a record Rs 845 crore and net profit up 101% year-on-year to Rs 490 crore. Management attributed the performance to stronger realizations across ammonia, mining chemicals and industrial chemicals, along with initial benefits from the Equinor LNG-to-ammonia value chain, while noting temporary volume disruptions in mining chemicals and IPA. The company also detailed progress on its Gopalpur TAN and Dahej nitric acid capex projects, both nearing completion and expected to begin operations during Q2 FY27.

Deepak Fertilisers reported full year revenue growth of around 12% to Rs 11,506 crores, with Q4 revenue at Rs 3,011 crores and Q4 EBITDA at Rs 354 crores, as management described a challenging operating environment from LPG and LNG supply disruptions, fertiliser price controls, and export bans. Management attributed second-half margin pressure to sharp increases in input costs in the fertiliser business and pricing pressure in IPA, alongside a planned ammonia plant shutdown that had a one-off impact of around Rs 70-75 crores in Q4. The company also discussed progress on its Gopalpur TAN and Dahej nitric acid projects, both nearing completion, and the start of LNG supply under its long-term Equinor contract.