India's Deepak Fertilisers surges on Q3 profit jump

Deepak Fertilisers and Petrochemicals

29/01/2025 09:19

** Shares of Deepak Fertilisers and Petrochemicals  DPFE.NS 
jump 11.4% to 128 rupees, set for its best day in three months
    ** Fertiliser and pesticides maker's Q3 consolidated net
profit jumped more than four-fold Y/Y, while rev from ops
climbed ~39% Y/Y 
    ** DPFE says revenue from its crop protection business rose
55% due to good monsoon
    ** Its profit margin also expanded to 10% from 3% year ago
    ** Stock jumped ~76% in 2024 


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))