Deepak Fertilisers And Petrochemicals : Earnings Presentation – June 2023

28th July, 2023
The Secretary	Listing Department
BSE Limited	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers,	"Exchange Plaza",
Dalal Street, Fort,	Bandra-Kurla Complex, Bandra (E)
Mumbai - 400 001	Mumbai - 400 051
BSE Code: 500645	NSE Code: DEEPAKFERT

Subject: Earnings Presentation for the quarter ended 30th June, 2023

Dear Sir / Madam,

Please find enclosed an earnings presentation of the Company for the quarter ended 30th June, 2023.

We request you to kindly disseminate the same.

Thanking you,

Yours faithfully,

For Deepak Fertilisers

And Petrochemicals Corporation Limited

GAURAV	Digitally signed by
GAURAV UMAKANT
UMAKANT	Date: 2023.07.28 10:31:46
MUNOLI	MUNOLI
+05'30'

Gaurav Munoli

Company Secretary

Encl: as above

(BSE: 500645; NSE: DEEPAKFERT)

Earnings Presentation

Q1 FY2024

28 July 2023

MINING CHEMICALS

INDUSTRIAL CHEMICALS

CROP NUTRITION

C o n s o l i d a t e d F i n a n c i a l s : Q 1 F Y 2 4

2

Successful commencement of trial production of Greenfield Ammonia facility at Taloja

• Subsidy Impact of Rs. 161 Cr - Reduced NBS subsidy of Rs.161 Cr on channel inventory significantly impacted consolidated profitability in Q1 FY24
• Encountered adverse price fluctuations in TAN due to dumping of cheap Russian FGAN into India, as Russian products found resistance in countries sympathetic to the Ukraine cause
• Greenfield Ammonia facility began trial production on July 10, 2023, with all pre-commissioning activities completed. Stabilisation of operations and monitoring of performance parameters underway
• Better volumes of IPA in Q1 FY24 were supported by Implementation of Safeguard Quantitative
  Restriction (SGQR).
• Key RM prices movement YoY in Q1 FY24: Ammonia▼ ~39%; Phos Acid ▼ ~38%; RGP ▼ ~23%; MOP ▲ ~5 %, Gas ▼ ~7.1%
• Raised Rs. 900 Crores through its Maiden Listed NCDs; primarily used for replacement of ICDs to parent MAL (through Performance Chemiserve Limited, a step-down subsidiary)
• Unveiling new corporate logo for Mahadhan AgriTech Limited ('MAL')

C o n s o l i d a t e d F i n a n c i a l s : Q 1 F Y 2 4

3

Embarking on FY24: Q1 FY24 commenced with a Net Profit of Rs. 114 Cr

	INR CR	Q1FY24	Q1FY23	Y-o-Y growth	Q4FY23	Q-o-Q
	growth
	Operating Revenue	2,313	3,031	(23.7)%	2,796	(17.3)%
	Operating EBITDA	281	740	(62.1)%	469	(40.2)%
	Margins (%)
	12.1%	24.4%		16.8%
	Net Profit	114	436	(73.9)%	257	(55.9)%
	Margin (%)
	4.9%	14.3%	(945) bps	9.2%	(429) bps

Q u a r t e r l y P e r f o r m a n c e T r e n d

4

Q1 FY24 Chemical Segment contributed 53% of Operating Revenue

Chemicals Business	Fertilisers Business
Revenues (Rs. Cr)	Revenues (Rs. Cr)

1,771		1,256	Inputs required
	1,238		form DFPCL
			1,069
Q1FY23	Q1FY24	Q1FY23	Q1FY24

Segment Profit (Rs. Cr)

Segment Profit (Rs. Cr)

729

114

337

(69)

Q1FY23

Q1FY24

Q1FY23

Q1FY24