Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL), one of India’s leading producers of industrial chemicals and fertilisers, consolidated Q1 FY22 revenue grew by 37.6% to Rs. 1,902 crore.

The company registered Operating EBITDA of Rs. 290 crore, growth of 6.7% y-o-y whereas net profit grew by 7.8% to Rs. 131 crore.

Commenting on the performance, Sailesh C. Mehta, Chairman & Managing Director, DFPCL said, “Despite the persistent challenges posed by the second wave of COVID-19, we maintained a steady growth trajectory in our operational and business performance, which indeed met our expectations."

The company is pleased to announce NBS approval for crop specific grades by the Government of India and would be introducing Crop Specific grades in next Rabi season.

"Our efforts in each of the businesses to move from commodity to speciality continue with strong vigour and the next few years are expected to reap its positive impact,” added Mehta.

Chemicals Q1 FY22 revenues increased by 15.6% to Rs. 906 crore with segment margins of 19% whereas fertiliser Q1 FY22 revenues grew by 66.6% to Rs. 994 crore with segment margins of 13%.

Double digit growth in the pharma sector is expected to drive IPA demand in the coming months and demand for HS and disinfectants is expected to continue due to safety concerns coupled with the disinfection priorities.