Deepak Fertilisers Q2 results: Revenue up 9%; PAT steady at ₹214 crore

Specialty products contributed 28 per cent to Crop Nutrition revenue, with Croptek volumes rising 54 per cent year-on-year, indicating increasing farmer adoption.
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Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a 9 per cent year-on-year revenue growth in the second quarter of FY26 and a 13 per cent rise in the first half, driven by strong performance in its fertilizer and Technical Ammonium Nitrate (TAN) businesses.

The company’s profit after tax (PAT) for the quarter remained steady at ₹214 crore, while PAT for the first half grew 11 per cent year-on-year to ₹458 crore. Specialty products contributed 28 per cent to Crop Nutrition revenue, with Croptek volumes rising 54 per cent year-on-year, indicating increasing farmer adoption.

DFPCL recorded an EBITDA of ₹464 crore in the second quarter, reflecting a 9 per cent year-on-year growth and a 13 per cent rise in the first half of FY26. Profitability remained strong, with the net debt-to-EBITDA ratio at 1.74 times. The fertilizer segment outperformed with 36 per cent year-on-year growth, supported by robust demand for Croptek and Solutek. Specialty products accounted for 22 per cent of the group’s revenue in the first half of the fiscal year.

The company invested ₹870 crore in capital expenditure during the first half, underscoring its commitment to growth and sustainability. Its key projects — Gopalpur TAN, which is 87 per cent complete, and the Dahej Nitric Acid plant, which is 70 per cent complete — are on track for commissioning by the end of FY26. DFPCL also completed the full acquisition of Platinum Blasting Services (PBS) in Australia, further strengthening its global mining solutions business.

Sailesh C Mehta, Chairman and Managing Director, DFPCL, said, “Q2 FY26 reaffirms the strength of our strategic transformation and disciplined execution, anchored in our focus on specialty products, customer-centricity, and operational agility. Our fertilizer and TAN businesses continue to deliver robust performance, while the Chemicals segment faced temporary global headwinds. With ongoing efficiency initiatives, strategic acquisitions, and strong project progress, we remain well-positioned for sustained growth and long-term value creation.”

Published on November 7, 2025