Pune: Deepak Fertilisers and Petrochemicals Corporation has reported a net profit of Rs 200 crore, which is 76% higher compared to the figures seen last year. Revenue was Rs 2,281 crores, which declined by 1.4% due to lower commodity prices.
Operating margin improved to 20.4% against 12.1% compared to last year.
The strategy of moving from commodity to speciality has been working to sustain and enhance the margins, Sailesh Mehta, CMD of the company, said. Its chemical segment contributed about 57% of total revenue mainly driven by improved demand in the TAN business. Fertilisers segment, which contributed 43% of total revenue, was lower by 9% due to a delay in the monsoon.
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