Deepak Fertilisers: A Staggering Profit Surge in Q3!

Deepak Fertilisers and Petrochemicals reported a significant rise in net profit to Rs 253.09 crore for the December quarter, an over four-fold increase from last year. The company also saw a 39% rise in total income. Long-term debt increased due to capital projects while short-term improved.

Deepak Fertilisers and Petrochemicals announced a remarkable surge in net profit during the December quarter, rocketing to Rs 253.09 crore, which marks an over four-fold growth compared to the same period last year.

This impressive performance is largely attributed to robust sales and a 39% increase in total income, reaching Rs 2,591.58 crore in the third quarter of the 2024-25 fiscal year, as detailed in recent regulatory filings.

The company faced higher expenses of Rs 2,290.79 crore, but also noted an increase in long-term debt by Rs 192 crore due to capital expenditures on ongoing projects, while short-term debt improved via enhanced working capital efficiency. The company's shares saw a substantial rise, closing 15.91% higher on the BSE.

(With inputs from agencies.)