Deepak Fertilisers & Petrochemicals Corporation Ltd. (DFPCL) announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
FY24 Highlights:
Consolidated Operating Revenue: ₹8,676 crore
EBITDA Margins: Improved from 16.8% to 21% QoQ (Quarter-over-Quarter)
Chemicals Segment: Revenues de-grew by 25% YoY (Year-over-Year) with sustainable segment margins of 26%.
Fertilisers Segment: Revenues dropped by 21% YoY, segment margins impacted by a one-time subsidy of ₹267 crore and weak monsoon.
Net Debt: ₹3,426 crore with Net Debt/Equity of 0.63x (FY22: 0.48x).
Ammonia Project: Commissioned in August 2023 and achieved 100% designed production capacity.
Key Takeaways:
Revenue Growth: While overall revenue decreased, there was a 12.6% QoQ growth in Q4FY24.
EBITDA Margin Improvement: Margins improved significantly, especially from Q3FY24 to Q4FY24, reaching 21%.
Challenges in Fertiliser Segment: This segment was impacted by a one-time subsidy adjustment and a weak monsoon.
Positive Outlook: Despite challenges, the company maintains a positive outlook due to increased capacity utilization in the Ammonia project and improving margins.
For further analysis and information, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/deepak-fertilisers-and-petrochemicals-corporation-ltd
5paisa Share Price: https://www.5paisa.com/stocks/deepakfert-share-price
Deepak Fertilisers Financial Reports: https://www.dfpcl.com/financial-reports
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