Nov 5 (Reuters) - India's Deepak Fertilisers and Petrochemicals DPFE.NS reported a 1.5% rise in second-quarter profit on Wednesday, supported by steady demand for its crop nutrition products.
Consolidated net profit rose to 2.13 billion rupees ($24.2 million) for the quarter ended September 30, compared with 2.1 billion rupees a year earlier.
The fertilisers and chemicals segments together contributed more than half of the company's total revenue, growing 16.2% and 1.5% year-on-year, respectively.
Total expenses climbed 10.9%, driven by a 13.6% increase in the cost of materials consumed.
For further earnings highlights, click (Full Story)
KEY CONTEXT
Monsoon-driven sowing in India typically boosts fertiliser demand, especially for companies like Deepak Fertilisers that supply both commodity and specialty products tailored for high-value crops.
India recorded above-average rainfall during the June-September monsoon season for the second consecutive year in 2025, supporting agricultural activity and fertiliser consumption.
Rivals Coromandel International CORF.NS and SRF SRFL.NS reported a rise in quarterly profit last week on higher demand for their products.
PEER COMPARISON
Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating *
# of analysts
Stock to price target **
Div yield (%)
Deepak Fertilisers and Petrochemicals Corp Ltd
DPFE.NS
15.70
8.69
NULL
NULL
BUY
1
0.83
0.67
Coromandel International Ltd
CORF.NS
24.54
15.63
9.73
28.35
BUY
10
0.80
0.56
SRF Ltd
SRFL.NS
38.48
21.64
12.69
35.18
HOLD
25
0.94
0.26
Sumitomo Chemical India Ltd
SUMH.NS
37.00
27.87
8.15
16.80
BUY
6
0.80
0.24
* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT
JULY-SEPTEMBER STOCK PERFORMANCE
-- All data from LSEG
($1 = 87.8950 Indian rupees)
Deepak Fertilisers and Petrochemicals Q2 stock performance https://tmsnrt.rs/4nyTXAi
(Reporting by Meenakshi Maidas in Bengaluru; Editing by Sumana Nandy)
((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))
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