Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial & mining chemicals and fertilisers, announced its results for the quarter ended June 30, 2025.

The company has reported 22 per cent increase in its PAT at Rs. 244 crore in Q1 FY26 as compared to Rs. 200 crore in Q1 FY25. Operating revenue in Q1 FY26 also increased by 17 per cent to Rs. 2,659 crore as compared to Rs. 2,281 crore in Q1 FY25, supported by improved volumes in Croptek, Nitric Acid and IPA. Operating EBITDA increased by 10 per cent to Rs. 513 crore as compared to Rs. 464 crore in Q1 FY25.

The chemical segment reported a YoY decline in profit of 9 per cent, contributed by softness in IPA and ammonia prices. Conversely, the fertiliser segment delivered robust YoY growth of 125 per cent.

Meanwhile, the strategic realignment has yielded significant progress, with specialty products now accounting for 45 per cent of CNB’s revenue in Q1-FY26, led by Croptek Volume improvement by 73 per cent YoY and Specialty fertiliser volume growth of 21 per cent YoY, and the B2C segment contributing 16 per cent to revenue in mining chemicals.

Despite Capex spent of Rs. 377 crore in Q1-FY26, net debt reduced from Rs. 3,305 crore in March 2025 to Rs. 3,078 crore. Net debt to EBIDTA further reduced from 1.72x to 1.50x during Q1-FY26.

Reflecting on the company’s performance, S.C. Mehta, Chairman and Managing Director of DFPCL, stated: “The strong start to FY26 underscores the impact of our strategic transformation and disciplined execution. Our continued focus on specialty products, customer engagement, and operational agility is driving tangible results.

“In Q1, we recorded robust growth with a 17% increase in revenue and 22% rise in PAT. Net Debt further reduced even as we progressed major capital investments. This reinforces the strength of our business model.

“We are pleased to inform that the Hon’ble ITAT has passed orders in favour of MAL for Assessment Years 2016–17 to 2020–21, upholding the Company’s legal position. This favourable outcome reaffirms the robustness of our compliance framework and legal interpretation in the matter.

“Our Crop Nutrition Business saw significant traction, with Croptek volumes growing by 73% YoY and 10% QoQ and specialty volumes rising by 21% YoY and nearly doubling QoQ, as our value proposition continues to resonate with farmers.

“Mining Chemicals maintained full capacity utilization, and our B2C channel now contributes 16% to segment revenue, a clear outcome of our consumer-centric strategy.

“Despite challenging market dynamics in Industrial Chemicals, we sustained momentum by targeting high-value applications and differentiated products.

“Our ongoing capex projects are well on track, laying the foundation for the next phase of growth.

“We remain committed to delivering sustainable value, backed by sharper execution, deeper customer engagement, and a clear focus on long-term value creation.”