The Performance
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), one of India’s top producer of industrial and mining chemicals and fertilisers, announced robust results for the quarter ending September 30, 2024. Deepak Fertilisers reported an impressive 237 percent
year-on-year increase in net profits.
Revenue Boost Led by Crop Nutrition Business
Chairman and Managing Director, Sailesh C. Mehta (DFPCL) stated, “Deepak Fertilisers delivered strong performance in Q2 FY25, with a thirteen percent rise in revenue. The Crop Nutrition business drove this growth, showing an 18 percent year-on-year increase. The Chemical business grew by 8% year-on-year, despite a challenging quarter for the sector. Our Fertiliser and Chemical divisions acted as a natural hedge, supporting consistent and improved results”.
Positive Outlook for Key Sectors
India’s growth continues to support the chemical and fertiliser sectors. The demand for crop nutrition, mining chemicals, and industrial chemicals aligns well with the country’s expansion. Deepak Fertilisers is focusing on its TAN Project in Gopalpur and the nitric acid project in Dahej to capture future growth opportunities.
Diverse Portfolio and Market Leadership
DFPCL manufactures technical ammonium nitrate, industrial chemicals, and crop nutrition. The company serves crucial sectors such as infrastructure, mining, chemicals, pharmaceuticals, and agriculture. DFPCL operates plants in Maharashtra, Gujarat, Andhra Pradesh, and Haryana.
Industry Leadership and Product Innovation
DFPCL is one of India’s top manufacturer and marketer of Iso propyl alcohol (IPA) and Southeast Asia’s largest producer of nitric acid. The company develops specialised grades of nitric acid and IPA to meet industry-specific needs.
Technical Expertise in Ammonium Nitrate
As per the company press release, DFPCL is among the world’s leading manufacturers of Technical Ammonium Nitrate. It is the only Indian producer of pilled Technical Grade Ammonium Nitrate solids and medical-grade Ammonium Nitrate. The company also offers technical services to enhance downstream productivity for mining customers.
