Q1FY19 Result: Deepak Fertilisers PAT up 12 per cent

Deepak Fertilisers and Petrochemicals reported its results for the quarter ended June 30, 2018 on Thursday after market hours. The company's topline jumped significantly, whereas bottomline was moderate growth.

The company’s revenue for the quarter came in at Rs. 2,226 crore, registering 74 per cent yoy increase. This was mainly on account of rise in revenue from Chemicals and Fertilisers by 102 per cent and 26 per cent yoy, respectively.

EBITDA for the quarter rose by 20.3 per cent yoy to Rs. 148 crore with a corresponding margin contraction of 296 bps. EBITDA margin for the quarter stood at 6.6 per cent. The PAT for the quarter came in at Rs. 37 crore, yoy increase of 12 per cent.

Deepak Fertilisers and Petrochemicals Corporation is India's largest and world’s 5th largest Technical Ammonium Nitrate (TAN) manufacturer.

On Friday, the stock opened at Rs. 275.90 per share and made an intraday high and low of Rs. 290.05 and Rs. 271, respectively on the BSE. At 11:15 hours, the stock was trading nearly at Rs. 274.85 on the BSE.