DFPCL Records 75.43% PAT Growth in Q1 FY25 Amid Commodity Price Drop

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) reports a 75.43% increase in consolidated profit after tax for Q1 FY25, but revenue dips due to lower commodity prices. The company attributes its impressive performance to strategic business moves and operational efficiencies. Shares close down at Rs 928.35 on BSE.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) reported a significant 75.43% growth in consolidated profit after tax (PAT), amounting to Rs 200 crore for the June quarter FY25.

In comparison, the company's PAT for the same quarter in the previous financial year stood at Rs 114 crore, according to a regulatory filing.

Though revenue dropped from Rs 2,313 crore to Rs 2,281 crore due to lower commodity prices, DFPCL Chairman and Managing Director Sailesh C Mehta attributed the strong PAT growth to strategic initiatives and operational efficiencies, including backward integration of their ammonia plant and a focus on moving from commodity to specialty products.

Shares of DFPCL closed at Rs 928.35 apiece on Wednesday, down by 4.13% on the BSE.

Additionally, the company is optimistic for the upcoming quarters, predicting above-normal rainfall and launching new crop-specific fertilizers.