Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial chemicals and fertilisers has registered revenue growth of 21.8% to reach Rs. 1,575 crores whereas net profit jumped by 415% to Rs. 116 crores. 

Consolidated FY21 revenue grew by 24% and crossed Rs. 5,800 crores whereas net profit jumped by 357% and crossed Rs. 400 crores. 

Chemical business contributed approximately 81% of profit. The Board has recommended the highest ever dividend rate of 75%. 

Commenting on the performance, Sailesh C. Mehta, Chairman & Managing Director said, “As evident, this has been a truly historic year for us in all aspects of our performance parameters. Our core strategy drivers beyond operational efficiencies have been: Industrial Chemicals, Mining Chemicals and Fertilisers performance, each of whose growth strategy has now been validated by their seamless integration with the India Growth story; and key investments made over the last 4 years have started delivering." 

Going forward, Mehta said, "The strategic Initiatives to transform our sectors from a commodity to speciality position, holds tremendous promise for the future, as we build further on the success of our transformational business models. The balanced Capex plans, once implemented will hugely solidify the strong foundations of the Company and help sustain and enhance our sectoral leadership built over the past 40 years.” 

In the chemicals segment, Q4 FY21 revenues increased by 15% to Rs. 870 crores. Global specialty chemical value chains moving from China to India boosting Nitric Acid demand and prices in India. 

In the fertilisers segment, Q4 FY21 Revenues increased by 32% to Rs. 702 crores. Sixth consecutive quarter of profitability in fertilisers

The company successfully moved its 100% NPK production from plain grade to differentiated NPK (SMARTEK), volume growth of 198% YoY. Bensulf sales volumes increased by 94% in Q4 FY21, mainly from differentiated Super-fast Bensulf launched in Q1 FY21.