Latest news with #DFPCL
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Business Standard
a day ago
- Business
- Business Standard
Deepak Fertilisers Q1 results: Profit rises 22% to ₹244 cr on higher sales
Deepak Fertilisers and Petrochemicals Corporation Ltd on Tuesday posted a 22.14 per cent jump in consolidated net profit to₹ 243.86 crore during the June quarter on higher sales. The company reported a net profit of ₹199.65 crore in the year-ago period, according to a regulatory filing. Total revenue rose 16.54 per cent to ₹2,658.75 crore during the June quarter of the 2025-26 fiscal year from ₹2,281.33 crore in a year-ago. Expenses remained higher at ₹2,337.31 crore as against ₹2,023.25 crore in the said period. DFPCL Chairman and Managing Director said, "The strong start to FY26 underscores the impact of our strategic transformation and disciplined execution. Our continued focus on specialty products, customer engagement, and operational agility is driving tangible results." The company's net debt further reduced even as "we progressed major capital investments," he said, adding, "This reinforces the strength of our business model." DFPCL manufactures both industrial chemicals and fertilisers with a strong presence in Technical Ammonium Nitrate (mining chemicals), industrial chemicals, and crop nutrition (fertilisers). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
2 days ago
- Business
- News18
Deepak Fertilisers Q1 profit rises 22 pc to Rs 244 cr
Agency: New Delhi, Jul 29 (PTI) Deepak Fertilisers and Petrochemicals Corporation Ltd on Tuesday posted a 22.14 per cent jump in consolidated net profit to Rs 243.86 crore during the June quarter on higher sales. The company reported a net profit of Rs 199.65 crore in the year-ago period, according to a regulatory filing. Total revenue rose 16.54 per cent to Rs 2,658.75 crore during the June quarter of the 2025-26 fiscal year from Rs 2,281.33 crore in a year-ago. Expenses remained higher at Rs 2,337.31 crore as against Rs 2,023.25 crore in the said period. DFPCL Chairman and Managing Director said, 'The strong start to FY26 underscores the impact of our strategic transformation and disciplined execution. Our continued focus on specialty products, customer engagement, and operational agility is driving tangible results." The company's net debt further reduced even as 'we progressed major capital investments," he said, adding, 'This reinforces the strength of our business model." DFPCL manufactures both industrial chemicals and fertilisers with a strong presence in Technical Ammonium Nitrate (mining chemicals), industrial chemicals, and crop nutrition (fertilisers). PTI LUX TRB view comments First Published: July 29, 2025, 19:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
10-07-2025
- Business
- Time of India
Deepak Fertilisers inks pact with Petronet LNG for regasification
Synopsis Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has forged a five-year agreement with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). Petronet LNG will regasify around 25 TBTUs of LNG annually, mainly at its Dahej terminal.
Indian Express
10-07-2025
- Business
- Indian Express
Stocks to Watch on Friday, July 11: TCS, Tata Elxsi, HUL, PC Jeweller, Krystal Integrated Services, LIC, Oil India and more
Stocks to Watch: Shares of several companies will remain in focus on Friday (July 11) including Hindustan Unilever, TCS, Tata Elxsi and Deepak Fertilisers, among others. On Thursday, benchmark indices Sensex and Nifty buckled under selling pressure due to weakness in IT and telecom stocks as investors turned cautious ahead of the start of earnings season. Sliding for the second straight session, the 30-share BSE Sensex dropped 345.80 points or 0.41 per cent to settle at 83,190.28. During the day, it declined 401.11 points or 0.48 per cent to 83,134.97. As many as 2,064 stocks declined, while 1,959 advanced and 138 remained unchanged on the BSE. On similar lines, the 50-share NSE Nifty declined 120.85 points or 0.47 per cent to 25,355.25. Hindustan Unilever Limited (HUL) on Thursday appointed Priya Nair as the MD & CEO of the Company for a term of 5 (five) consecutive years. In a regulatory filing, the company said, 'based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Priya Nair (DIN: 07119070) as the MD & CEO of the Company for a term of 5 (five) consecutive years with effect from 1st August, 2025 till 31st July, 2030, in succession to Mr. Rohit Jawa.' Tata Elxsi on Thursday reported a 21.5 per cent decrease in consolidated net profit to Rs 144.36 crore in the April-June quarter of FY26 on account of macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making. It had logged a profit of Rs 184.07 crore in the year-ago period, according to a regulatory filing. Revenue from operations dropped by 3.7 per cent to Rs 892.2 crore in the first quarter of 2025-26 compared to Rs 926.45 crore in the same quarter of FY25. Country's largest IT services company TCS reported a 6 per cent rise in its June quarter net profit at Rs 12,760 crore. The Tata group company had posted a net profit of Rs 12,040 crore in the corresponding period last year. The company's revenue inched up by 1.3 per cent to Rs 63,437 crore from Rs 62,613 crore in the year-ago period, but was down 3 per cent on a constant currency perspective. Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) entered into a long-term pact with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). DFPCL, along with its step-down subsidiary Performance Chemiserve Ltd (PCL), have entered into the agreement for a period of five years. Under the terms of the agreement, Petronet LNG will regasify approximately 25 TBTUs (Trillion British Thermal Units) of LNG annually, post an initial ramp-up period, primarily at its Dahej terminal, DFPCL said in a regulatory filing. PC Jeweller Ltd's board has approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company informed that the board approved raising of funds up to Rs 500 crore by way of preferential allotment on private placement basis. Anand Rathi Wealth reported a 28 per cent jump in profit after tax (PAT) to Rs 94 crore for the three months ended June 2025. The company had posted a PAT of Rs 73.4 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth said in a statement. The total revenue rose 16 per cent to Rs 284.3 crore in the April-June quarter of FY26 from Rs 245.4 crore in the year-ago period. Krystal Integrated Services has secured a significant contract from the Airports Authority of India (AAI) for the new terminal building of Jay Prakash Narayan International (JPNI) Airport in Patna. Valued at approximately Rs 20.26 crore, the three-year contract underscores Krystal's expanding footprint in managing critical public infrastructure. Birla Corporation has been declared as the 'Preferred Bidder' for grant of mining lease for Tadas Limestone Block-II District Nagaur on the highest final price offer of 63.50% submitted by the Company. The aforesaid block is situated in District Nagaur, Rajasthan over an area of 160.3882 hectares, the company said in a filing. According to PTI, the government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction. The government currently holds 96.5 per cent stake in LIC. Oil India Ltd has signed a long-term agreement to sell natural gas produced from a Rajasthan field to GAIL (India) Ltd for 15 years. Under the agreement, which is effective July 1, up to 9,00,000 standard cubic metres per day of natural gas will be supplied from Oil India's Bakhri Tibba block in Rajasthan to a power plant operated by the state's electricity generation company. As per PTI report, the strategic sale of IDBI Bank is likely to be concluded by October and the government has discussed the share purchase agreement, which will be given to bidders putting in financial bids. The privatisation of IDBI Bank has been in process for close to three years now. (With inputs from PTI)
Time of India
10-07-2025
- Business
- Time of India
Petronet LNG signs ₹1,200 crore regasification pact with PCL for 5.5 years
New Delhi: Petronet LNG Ltd (PLL) has signed a long-term regasification agreement with Performance Chemiserve Ltd ( PCL ), a Deepak Fertilisers and Petrochemicals Corporation Ltd ( DFPCL ) group company, for approximately ₹1,200 crore over a 5.5-year period. The agreement, signed on July 10, 2025, provides for PLL to receive, store, and regasify around 25.6 trillion British thermal units (TBTUs) of imported liquefied natural gas (LNG) per year at its Dahej terminal in Gujarat. The regasification is scheduled to commence between May and July 2026 after an initial ramp-up period and will continue until December 31, 2031. The deal is expected to generate additional revenue of up to 20 per cent beyond the base amount over the agreement period. According to PLL, the gas will be utilised by DFPCL group's manufacturing units at Taloja. PCL is a wholly owned subsidiary of Deepak Mining Solutions Ltd (DMSL), which in turn is a wholly owned subsidiary of DFPCL. The DFPCL group manufactures fertilizers and industrial chemicals using natural gas as feedstock. "This agreement marks a major milestone in our long-term vision to create a strong, reliable, and efficient supply chain—from natural gas to value-added downstream products," said Sailesh C. Mehta, Chairman and Managing Director, DFPCL. Petronet LNG is currently operating two LNG terminals at Dahej and Kochi with a combined regasification capacity of 22.5 million tonnes per annum. It handled around 18 MMTPA LNG during FY2024-25, accounting for about 66 per cent of India's LNG imports and 43 per cent of the country's regasification capacity. Welcoming DFPCL to its list of partners, PLL MD & CEO A. K. Singh said, 'Such collaborations not only augment utilisation of our expanded regasification capacity but also contribute meaningfully to the nation's energy security and industrial growth.' The agreement follows DFPCL's earlier LNG supply pact with Norway's Equinor for long-term gas sourcing .
