Deepak Fertilisers Q2 Profit Soars to ₹210 Crore, EBITDA Jumps 73%

29 Oct 2024 , 11:57 PM

Deepak Fertilisers and Petrochemicals reported a significant rise in Q2 net profit, reaching ₹210 Crore, over three times the ₹60 Crore recorded in the same period last year.

At the time of closing on October 29, 2024, shares of Deepak Fertilisers and Petrochemicals closed at ₹1309 which is a 16% surge than the previous close. Shares of Deepak Fertilisers and Petrochemicals has witnessed a 105% gain in the last one year, and 90% gain since the beginning of the year.

Revenue for the quarter ending September 30 grew 13.3% year-on-year, hitting ₹2,746.7 Crore compared to ₹2,424.2 Crore in the previous year. EBITDA surged by 72.8%, amounting to ₹494 Crore, up from ₹286 Crore in the corresponding quarter of the previous fiscal year. The company’s profit margin increased to 18% for the September quarter, a notable rise from the 12% margin recorded last year.

Additionally, Deepak Fertilisers announced the appointment of Subhash Anand, currently President (Strategy), as the new President and Chief Financial Officer, effective December 1.