Deepak Fertilisers And Petrochemicals (DEEPAKFERT) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue grew 18% YoY to over INR 10,000 crore, with Q4 revenue up 28% YoY and PAT up 102% YoY to INR 945 crore; Q4 PAT rose 21% YoY.

• EBITDA for FY25 rose 50% YoY to INR 1,925 crore, with Q4 EBITDA up 10% YoY to INR 480 crore.

• Specialty products' share increased to 22% of revenue in FY25, with B2C share in TAN at 18%.

• Board recommended a 100% dividend (INR 10 per share) for FY25.

• Strategic capex projects in TAN and Nitric Acid are underway, positioning for global leadership.

Financial highlights

• Q4 FY25 revenue: INR 2,667 crore, up 28% YoY; Q4 EBITDA: INR 480 crore, up 10% YoY; Q4 PAT: INR 278 crore, up 21% YoY.

• FY25 EBITDA margin improved to 19% from 15% in FY24; PAT margin rose to 9% from 5%.

• EPS for FY25 at INR 97.7; consolidated EPS at INR 73.95.

• Net debt reduced to INR 3,305 crore from INR 3,426 crore YoY, despite INR 655 crore capex.

• Revenue and EBITDA have grown at a 15% and 19% CAGR respectively over five years.

Outlook and guidance

• Above-normal monsoon and targeted crop strategies expected to drive robust Kharif season demand.

• Mining Chemicals and specialty products expected to sustain growth in FY26, supported by infrastructure and power demand.

• Capacity expansions in TAN and Nitric Acid to be completed by H2 FY26, with deleveraging expected post-commissioning.