Deepak Fertilisers Q1 FY27: Record EBITDA & PAT, Debt Halved
Deepak Fertilisers achieved record Q1 FY27 results with a 65% jump in operating EBITDA to ₹845 crore and doubled PAT to ₹490 crore. Net debt reduced to 1.4x. Consolidated revenue grew 22% to ₹3,256 crore. Key growth projects for TAN and nitric acid are nearing completion and expected to start in Q2 FY27.
The announcement details record financial performance, significant debt reduction, and the nearing completion of major growth projects. These factors are expected to have a substantial positive impact on the company's future growth prospects and financial health.
The company reported record-breaking financial results, including significant increases in EBITDA and PAT, along with a substantial reduction in net debt. Management commentary highlights strong performance drivers and positive outlook, indicating a favorable financial and operational environment.
Deepak Fertilisers and Petrochemicals Corporation Limited announced historic best-ever Q1 FY27 results, with a 65% jump in operating EBITDA and doubling of Profit After Tax (PAT). The company's net debt improved significantly, reducing from 2.86x to 1.4x.
The company attributes this performance to three core strengths: its integrated value chain, strong alignment with India's growth story, and a transformative shift towards specialty and customized products. The ongoing capex cycle, with the TAN Gopalpur project at 96% completion and the Acids Dahej project at 93% completion, is expected to further bolster growth in the second half of the fiscal year.
Consolidated revenue for the quarter stood at ₹3,256 crore, a 22% year-on-year increase. Operating EBITDA reached a record ₹845 crore, with EBITDA margins improving to 26%. Net profit surged by 101% year-on-year to ₹490 crore.
The Mining Chemical business delivered strong revenue of ₹911 crore, up 37% year-on-year, with its B2C strategy contributing 17% of segment revenue. The Industrial Chemical segment reported revenue of ₹490 crore, supported by improved pricing for nitric acid and IPA. Crop Nutrition revenue was ₹1,367 crore, up 9% year-on-year, with specialty products contributing 43% of segment revenue.
Despite significant capex investment of over ₹500 crore in the quarter, net debt reduced to ₹4,719 crore. Both major growth projects, the Gopalpur TAN and Dahej nitric acid facilities, are in the final stages of execution and are expected to commence operations during Q2 FY27, remaining within their approved capex envelopes.
The commencement of supplies under the long-term LNG agreement with Equinor in May marks a significant milestone in the company's integration journey, enhancing supply security and cost competitiveness.
Looking ahead, the company remains constructive across its businesses, anticipating continued benefits from strong market fundamentals in mining chemicals, volume recovery in IPA, and improved monsoon conditions for crop nutrition. With new capacities coming online and increasing integration benefits, Deepak Fertilisers is poised for its next phase of growth.
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Deepak Fertilizers and Petrochemicals Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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