Deepak Fertilisers And Petrochemicals (DEEPAKFERT) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 delivered record results with consolidated revenue up 22% YoY to ₹3,256 Cr, operating EBITDA up 65% YoY to ₹845 Cr, and PAT up 101% YoY to ₹490 Cr, driven by improved realizations, operational efficiencies, and margin expansion.

• Strategic capex projects, including Gopalpur TAN and Dahej Nitric Acid, are 96% and 93% complete, positioning the company for global leadership in technical ammonium nitrate and nitric acid.

• The business continues its transition from commodity to specialty/customized products, with specialty and Croptek contributing 43% of Crop Nutrition revenue and B2C revenues accounting for 17% of Mining Chemicals sales.

• Net debt/EBITDA improved from 2.86x to 1.4x, with net debt reduced to ₹4,719 Cr, reflecting strong cash generation despite over ₹500 Cr CapEx in Q1.

• Market cap reached ₹19,668 Cr as of June 2026, with a 72% CAGR since March 2020.

Financial highlights

• Consolidated Q1 revenue at ₹3,256 Cr, up 22% YoY and 8% QoQ, driven by strong realization across ammonia, mining, and industrial chemicals.

• Operating EBITDA at ₹845 Cr, up 65% YoY and 139% QoQ; EBITDA margin improved to 26% from 19% YoY and 12% QoQ.

• Net profit at ₹490 Cr, up 101% YoY and 252% QoQ, with PAT margin rising to 15% from 9.1% YoY.

• Earnings per share (consolidated): ₹38.82 (Q1 FY27) vs ₹19.26 (Q1 FY26).

• Standalone revenue: ₹51,697 Lakhs; standalone net profit: ₹6,834 Lakhs.

Outlook and guidance

• Mining chemicals to benefit from strong market fundamentals and B2C growth; IPA volumes expected to recover as propylene availability improves.

• Crop Nutrition to benefit from improved monsoon and continued premiumization, though cautious outlook due to elevated input costs and DAP-NPK price gap.

• Major growth projects are expected to contribute to profitability from Q3 FY27, with sustainable growth and strong cash generation targeted.

• Monsoon-driven slowdown may impact mining and infrastructure demand in Q2, but high fertilizer prices should support margins.

• Management remains confident in sustaining growth, supported by structural demand drivers and strategic shift toward differentiated solutions.