Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial & mining chemicals and fertilisers, announced its consolidated results for the quarter and full year ended March 31, 2025.

DFPCL has reported 28 per cent increase in its Operative Revenue to Rs. 2,667 crore in Q4 FY25 as compared to Rs. 2,086 crore in Q4 FY24. Operating EBITDA stood at Rs. 480 crore as compared to Rs. 438 crore in Q4 FY24. During the Quarter ended March 31, 2025, DFPCL hs posted PAT of Rs. 278 crore as compared to Rs. 230 crore, reflecting a growth of 21 per cent.

For the Financial Year ended March 31, 2025, DFPCL's Operating Revenue stood at Rs. 10,274 crore as compared to Rs. 8,676 crore in FY24, reflecting a growth of 18 per cent. PAT was higher by 102 per cent to Rs. 945 crore in FY25 as compared to Rs 468 crore in FY24.

The company witnessed remarkable growth visible with revenue share from specialty products improving from 17 per cent in FY24 to 22 per cent in FY25. Strategic investments remain on track with the overall progress in TAN project in Gopalpur is at 75 per cent, and the same for Nitric Acid project in Dahej is at 48 per cent.

Bulk Fertilizers manufactured sales volume in Q4 surged by 68% YoY, driven by increased adoption of our innovative crop focus nutrient solution. During FY25, team achieved a significant milestone by surpassing 1 Million MT in bulk fertilizer sales and liquidation for the first time, demonstrating the team’s focus and effective execution of strategic products with scale.

DFPCL's speciality product, LDAN, saw an impressive 11% YoY growth in sales volume in Q4FY25, and a notable 15% YoY increase for the entire fiscal year.

Despite Capex spent of Rs. 655 Cr in FY25, net debt reduced from Rs. 3,426 crore to Rs. 3,305 crore based on healthy cash generation. Net debt to EBIDTA reduced from 2.66x to 1.72x on YoY basis.

Reflecting on the company’s performance, S.C. Mehta, Chairman and Managing Director of DFPCL, stated: This year has been challenging yet transformative, marked by strategic actions that boosted growth across all product segments. Our financial performance for FY 2024–25 highlights resilience, innovation, and a strong foundation for future success.

Key Strategic Factors:

Transformation from Commodity to Specialty: Our shift from a commodity focus to a specialty and solutions-led company is well underway. Specialty products now comprise 22% of our total operating revenue, up from 17 per cent in FY24, with a 51 per cent YoY growth. Crop-focused fertilizers constitute 30 per cent of our portfolio, reaffirming our commitment to delivering differentiated, customer-first solutions.

Strategic Capital Projects for the Next Leap: FY 2025–26 is poised to be a pivotal year—one that will prepare us for a major operational leap, with key capacity expansions nearing completion by H2 FY26. These expansions will elevate us as one of the global leader in Technical Ammonium Nitrate and Building Block Nitric Acid. Riding on the INDIA GROWTH story of Mining, Infrastructure, Food security and Horticulture growth coupled with our 40+ years of experience, we are well positioned to unlock value across the businesses.

Strengthening balance sheet: To ensure financial robustness, we raised ₹800 crore via CCDs in our subsidiary, DMSL, strengthening our balance sheet and addressing near-term funding needs while maintaining a prudent debt ratio.

Organizational Restructuring for Agility and Growth: The year marked a key milestone with the restructuring of core businesses into three legal entities, enhancing focus, agility and growth amid challenges. By charting distinct growth pathways for each entity, we ensure alignment with overarching strategic goals while enabling operational autonomy.

Innovation and R&D as Growth Catalysts: Innovation remains central to our strategy. Our focused R&D roadmap supports each business—advancing crop nutrition in CNB and driving productivity in Mining Solutions—fully aligned with our vision and customer needs.

Outlook:

With an above-average monsoon forecast, we expect robust Kharif season demand for crop-specific solutions. Mining Chemicals growth from FY25 is likely to continue into FY26, driven by increasing power demand and infrastructure investments. The health sector is projected to expand, supported by government and private initiatives, boosting our Pharma / Specialty Chemicals portfolio.