Deepak Fertilisers Q4FY18 profit rises by 21 per cent

Deepak Fertilisers & Petrochemicals Corporation reported its results for the quarter ended March 31, 2018. The company’s consolidated revenue for the quarter came in at Rs. 1,905 crore, registering 52.5 per cent yoy increase. This was driven by increase in TAN and solvent trading volumes.

EBITDA for the quarter rose by 0.8 per cent yoy to Rs. 129.79 crore with a corresponding margin contraction of 350 bps. EBITDA margin for the quarter stood at 6.8 per cent. The PAT for the quarter came in at Rs. 38.54 crore, yoy increase of 21 per cent.

Higher raw material cost in Q4FY18, especially ammonia and natural gas, increased by 32 per cent and 25 per cent, respectively on YoY basis and impacted the profitability.
  
Looking at the full year numbers, we see that revenue jumped by 38 per cent to reach Rs. 6,061.54 crore, while EBITDA rose by 15 per cent to Rs. 545.18 crore. The company reported net profit of Rs.164.1 crore, up 6 per cent yoy.

The company's board of directors has recommended a final dividend of Rs. 6 per equity share of the face value of Rs. 10 each.

On Thursday, the stock opened at Rs. 350.65 per share and touched an intraday low of Rs. 324.70 on the BSE. At 10:41, the stock was trading at around Rs. 327 on the BSE.