Deepak Fertilizers and Petrochemicals Corporation Limited — Board Meeting, 29-07-2025: Outcome of Board Meeting

Deepak Fertilisers announced a strong Q1 FY26. Consolidated revenue grew 17% YoY to Rs 2,659 Cr, with Net Profit up 22% to Rs 244 Cr. A major boost came from a favorable ITAT ruling, nullifying tax demands of Rs 581 Cr for a subsidiary, likely ending Rs 479 Cr in penalties. The board also approved re-appointing M/s P G Bhagwat LLP as tax auditor. Additionally, a subsidiary raised Rs 800 Cr via debentures for growth. Despite Rs 377 Cr capex, net debt reduced to Rs 3,078 Cr. Key projects in Gopalpur and Dahej are advancing, setting up future growth.