India's Deepak Fertilisers posts bigger Q3 profit on strong fertiliser demand

Deepak Fertilisers and Petrochemicals

29/01/2025 12:35

Jan 29 (Reuters) - India's Deepak Fertilisers and
Petrochemicals  DPFE.NS  posted a more-than-four-fold rise in
its quarterly profit on Wednesday, aided by strong demand for
its crop nutrition products and higher margins.
    The company's consolidated net profit increased to 2.51
billion rupees ($29 million) in the third quarter, from 575.6
million rupees a year earlier.
    Deepak Fertiliser's earnings before interest, taxes,
depreciation and amortization (EBITDA) surged 72%, with margins
increasing about 18%.
    The company said revenue in its crop nutrition business
surged 55%, as an above-average monsoon improved crop yields. 
    The company's chemicals business posted a relatively smaller
22% increase in revenue, which tempered overall revenue growth
to 39.2% to a total of 25.79 billion rupees from a year ago.
    Deepak Fertilisers' year-ago results were impacted due to
higher inventories, squeezing sales and profit. 
    The company's shares jumped 11.4% to 128 rupees after the
results.

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Deepak Fert Oct-Dec stock performance    https://tmsnrt.rs/40Cxzg0
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 (Reporting by Yagnoseni Das and Ashish Chandra in Bengaluru;
Editing by Savio D'Souza)
 ((Yagnoseni.Das@thomsonreuters.com;))