Deepak Fertilisers and Petrochemicals hits record high on Q4 earnings

The company's Q4 net profit jumped 415% to Rs116cr; Topline grew by 21.8% to Rs1,575cr.

May 28, 2021 04:05 IST India Infoline News Service

Deepak Fertilisers
Deepak Fertilisers And Petrochemicals Corporation Limited on Friday announced its results for quarter and year ending March 31, 2021. Consolidated topline for FY21 grew by 24% and crossed Rs5,800cr. Net Profit jumped by 357% and crossed Rs400cr (FY20: Rs89cr).

Chemical business contribution approx. 81% of segment profit. Cash Flows from Operations of Rs1,248cr more than doubled (FY20: Rs578cr). The Board has recommended the highest ever dividend rate of 75% (FY20: 30%)

In Q4FY21, topline grew by 21.8% to Rs1,575cr. Net Profit jumped by 415% to Rs116cr (Q4FY20: Rs23cr).

The company stock was in huge demand on Friday and hit record high of Rs314.25 per piece during intraday trade. Deepak Fertilizers & Petrochemicals Corp Ltd ended at Rs307.05 per piece up by Rs16.45 or 5.66% from its previous closing of Rs290.60 per piece on the BSE.

Commenting on the performance, Sailesh C. Mehta, Chairman & Managing Director said: “As evident, this has been a truly historic year for us in all aspects of our performance parameters. Our core strategy drivers beyond Operational efficiencies have been:
  • Industrial Chemicals, Mining Chemicals and Fertilisers performance, each of whose growth strategy has now been validated by their seamless integration with the India Growth story.
  • The key investments made over the last 4 years have started delivering.
Going Forward:
  • The available head room in capacities provides for good growth upside potential in the years ahead.
  • The Strategic Initiatives to transform our sectors from a Commodity to Speciality position, holds tremendous promise for the future, as we build further on the success of our transformational Business Models.
  • The balance Capex plans, once implemented will hugely solidify the strong foundations of the Company and help sustain and enhance our sectoral leadership built over the past 40 years.

Related Story

Open Free Demat Account (Rs699)