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Hot Pursuit News

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(02 Nov 2023, 16:00)

Deepak Fertilisers drops as Q2 PAT slumps 78% YoY to Rs 60 cr

Deepak Fertilisers & Petrochemicals Corporation slipped 6.76% to Rs 595.05 after its consolidated net profit tumbled 77.88% to Rs 60.13 crore in Q2 FY24 from Rs 271.89 crore registered in Q2 FY23.


Revenue from operations declined 10.85% year on year (YoY) to Rs 2,424.16 crore in the quarter ended 30 September 2023.

Consolidated profit before tax stood at Rs 422.02 crore in Q2 FY23, sliding 72.33% from Rs 116.77 crore posted in corresponding quarter last year.

Operating EBITDA de-grew 42.22% YoY to Rs 286 crore while EBITDA margin slipped to 11.8% in Q2 FY24 from 18.2% in Q2 FY23.

On segmental front, revenue from Fertilizers segment's rose 5.76% YoY to Rs 1,248.83 crore while Chemicals segment revenue de-grew 23.65% YoY to Rs 1,170.28 crore and realty business reported a 36.56% decrease at Rs 3.61 crore in the period under review.

Sailesh C. Mehta, Chairman & Managing Director commented, “While the last year comparative base was unusually on higher side, DFPCL perfor...

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