Deepak Fertilisers & Petrochemicals Corp Ltd (NSE:DEEPAKFERT)

Q2 2026 Deepak Fertilisers and Petrochemicals Corp Ltd Earnings Call Transcript

Nov 06, 2025 / 09:30AM GMT

Release Date Price: ₹1429.1 (-5.01%)

Transcript

Key Points

Positve

Deepak Fertilisers & Petrochemicals Corp Ltd (BOM:500645) reported a 9% year-over-year growth in operating revenue for Q2 FY26, driven by strong contributions from the specialty product portfolio in the Crop Nutrition business.
The company's Crop Nutrition business saw a remarkable 54% year-over-year growth, reflecting strong market acceptance and increasing farmer adoption.
The Technical Ammonium Nitrate (TAN) business experienced a 29% year-over-year growth in sales volume, with full capacity utilization.
The company completed a full acquisition of Platinum Blasting Services, strengthening its footprint in the Australian market and reinforcing its forward integration strategy.
Deepak Fertilisers & Petrochemicals Corp Ltd (BOM:500645) maintained a healthy net debt-to-EBITDA ratio of 1.74x, supported by improved operational performance and capital infusion.

Negative

Operating EBITDA margins dropped from 18% to 15% due to global geopolitical headwinds and challenges in the IPA and Ammonia segments.
The Chemicals segment showed a 21% year-over-year decline, impacted by subdued performance in IPA and Ammonia.
The company faced margin pressures in the IPA segment due to global oversupply and a steep drop in acetone prices.
Higher natural gas consumption and lower incentive income due to GST rate cuts negatively impacted the Ammonia segment's margins.
The company's Fertiliser segment experienced a 31% year-over-year decline in manufactured bulk Fertilisers sales due to limited availability of key raw materials.

Operator

Ladies and gentlemen, good day, and welcome to the Deepak Fertilisers and Petrochemicals Corporation Limited Q2 FY26 conference call, hosted by Emkay Global Financial Services Limited.

(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Meet Vora from Emkay Global Financial Services Limited. Thank you, and over to you, sir.

Meet Vora

Emkay Global Financial Services Ltd - Analyst

Thank you, Sonali. Good afternoon and thank you for joining us on Deepak Fertilisers and Petrochemicals Corporation Limited Q2 and H1 FY26 earnings conference call.

From the company, we have with us Mr. S.C. Mehta, Chairman and Managing Director; Mr. Subhash Anand, President and Chief Financial Officer; Mr. Tarun Sinha President, Technical Ammonium Nitrate; and Mr. Suparas Jain, Executive Vice President, Corporate Finance.

We would like to begin the call with a brief opening remarks from the management, following which we will have the forum open for a Q&A session.

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