Deepak Fertilisers and Petrochemicals Corporation Limited has released its Earnings Presentation for the third quarter and nine months ended December 31, 2025. The presentation provides a comprehensive overview of the company's performance, including financial results, project updates, corporate social responsibilities, and shareholder value. The company reported consolidated revenue of ₹2,830 crore for Q3 FY26, a 10% year-on-year increase, with EBITDA at ₹353 crore (up 12% YoY) and PAT at ₹141 crore (down 44% YoY). For the nine months ended December 31, 2025 (YTD FY26), revenue stood at ₹8,495 crore (up 12% YoY), EBITDA at ₹1,330 crore (down 8% YoY), and PAT at ₹599 crore (down 10% YoY). Key business segments showed mixed performance. The Mining Chemicals (TAN) business saw Q3 revenue up 1% YoY, with YTD revenue up 8% YoY. The Industrial Chemicals segment experienced a revenue decrease of 20% YoY in Q3 due to a significant drop in IPA prices, though Nitric Acid compensated for some losses. The Crop Nutrition Business (CNB) revenue grew by 26% YoY in Q3. Raw material prices, including Ammonia and Phosphoric Acid, have seen an upward trend. Deepak Fertilisers is undertaking significant capital expenditure projects, including the TAN Project in Gopalpur (expected commissioning Q1-FY27 with a capex of ₹2,675 crore) and the Nitric Acid Project in Dahej (expected commissioning Q1-FY27 with a capex of ₹1,983 crore). These projects aim to expand TAN capacity to ~1 MMTPA and WNA capacity to ~1.2 MMTPA, positioning the company as a major global and Asian player in these segments. The company's balance sheet strengthening efforts are evident with Net Debt at ₹4,020 crore as of December 2025, down from ₹3,305 crore in March 2025. Leverage ratios have improved, with Net Debt/EBITDA at 2.27x. Shareholder value creation is highlighted by a market capitalization of ₹16,248 crore as of December 2025 and an increase in FII + DII holding to 24%.
