Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) has posted net profit of Rs. 254.88 crores for the period ended March 31, 2023 as against net profit of Rs. 249.44 crores for the period ended December 31, 2022. The company posted net profit of Rs.279.70 crores for the period ended March 31, 2022.

DFPCL has reported total income of Rs. 2810.73 crores during the period ended March 31, 2023 as compared to Rs. 2785.31 crores during the period ended December 31, 2022. The company reported total income of Rs.2022.53 crores during the period ended March 31, 2022.

For the Financial Year ended March 31, 2023, DFPCL has reported total income of Rs.11384.71 crores as compared to Rs.7707.22 crores during the Financial Year ended March 31, 2022.

The company has posted net profit of Rs.1210.10 crores for the Financial Year ended March 31, 2023 as against net profit of Rs.678.27 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.97.70 for the Financial Year ended March 31, 2023 as compared to Rs.58.25 for the Financial Year ended March 31, 2022.

Commenting on the performance, Sailesh C. Mehta, Chairman & Managing Director, DFPCL, said: “Despite the enormous finished product spikes that resulted from raw material spikes, we did not witness any demand destruction in all of our three business segments. This strongly validates the positive tailwinds for our Fertiliser, Mining and Pharma/Chemical segments, emerging out of their superb alignment with the India Growth story. Although there would be some volatility in the upcoming quarters, in the medium and long term.  Our continued drive from Commodity to Specialities in each of our segments shall help enhance margins and create brand values. Our upstream investments in Ammonia as a key raw material for each of our segments will help risk mitigate against global vagaries. Our on-going drive to create a natural hedge by way of pass-through pricing contracts for our finished products will help insulate margins. Strong in-roads in Cost and Marketing efficiencies with Digital Drive will set a strong foundation for long term strengths”