Deepak Fertilizers and Petrochemicals Corporation Limited

rs,

BSE Limited Listing Department National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Mumbai – 400 001 BSE Code: 500645 Dear Sir/ Madam, Ban

Rs.10

e income, net of tax Total comprehensive income (5+6) Paid-up Equity Share Capital (Face Value of Rs.10/- each) Earnings Per Share (EPS) (not annualised for quarter ended) (face value of Rs.10 each) (

rs 30

ER AND HALF YEAR ENDED 30 SEPTEMBER 2025 (Amounts in Rs Lakhs unless otherwise stated) Particulars 30 September 2025 (Unaudited) Quarter Ended 30 June 2025 (Unaudited) 30 September 2024 30 Septem

Rs. 9,91,821 Lakh

ts of four subsidiaries included in the Statement, whose financial results reflect total assets of Rs. 9,91,821 Lakhs and net assets of Rs. 4,84,078 Lakhs as at September 30, 2025, total revenues of Rs. 4,34,221 Lak

Rs. 4,84,078 Lakh

he Statement, whose financial results reflect total assets of Rs. 9,91,821 Lakhs and net assets of Rs. 4,84,078 Lakhs as at September 30, 2025, total revenues of Rs. 4,34,221 Lakhs, total net profit/(loss) after tax

Rs. 4,34,221 Lakh

s. 9,91,821 Lakhs and net assets of Rs. 4,84,078 Lakhs as at September 30, 2025, total revenues of Rs. 4,34,221 Lakhs, total net profit/(loss) after tax of Rs. (2,721) Lakhs and total comprehensive income/(loss) of

Rs. 10,998 Lakh

(2,721) Lakhs and total comprehensive income/(loss) of Rs. (5,021) Lakhs and net cash outflows of Rs. 10,998 Lakhs for the half year ended Sep 30, 2025. These interim financial results have been reviewed by other

Rs. 1,284

bsidiaries which have not been reviewed by us, and whose financial results reflect total assets of Rs. 1,284 and net assets of Rs. (990) Lakhs as at September 30, 2025, total revenues of Rs. 365 Lakhs, total

Rs. 365 Lakh

assets of Rs. 1,284 and net assets of Rs. (990) Lakhs as at September 30, 2025, total revenues of Rs. 365 Lakhs, total net profit/(loss) after tax of Rs. (100) Lakhs and total comprehensive income/(loss) of Rs

Rs. 38 Lakh

of Rs. (100) Lakhs and total comprehensive income/(loss) of Rs. (100) Lakhs and net cash inflow of Rs. 38 Lakhs for the half year ended Sep 30, 2025. The financial results/financial information of these subsid

478,86 lakh

tion filed by MAL against orders passed by the Assessing Officer imposing penalties aggregating to ~478,86 lakhs for AY 2015-16 to AY 2018-19 in relation to the above quantum additions are pending before the Com

9%

Page 111 Deepak Fertilisers and Petrochemicals Corporation Limited Q2-FY26 Results Update 9% Revenue Growth in Q2 and 13% in H1 with 11% PAT Surge driving strong Performance Specialty Segmen

“11 Mining Chemicals Business (TAN) : Q2 FY26 Performance Quarterly Sales Volume (KMT) and Revenue (₹ Cr) Highlights 170 KMT 150 KMT 130 KMT 110 KMT 90 KMT 70 KMT 50 KMT ₹480 4 KMT 13 KMT 89 KMT ₹667 1 KMT 21 KMT 125 KMT ₹590 5 KMT 17 KMT 115 KMT ₹500 ₹- ₹(500) ₹(1,000) ₹(1,500) ₹(2,000) ₹(2,500) ₹(3,000) Q2FY25 Q1FY26 Q2FY26 B2B Sales Volume B2C Sales Volume Exports Sales Volume TAN Revenue (Rs.”

“Capacity Utilization in Q2-FY26: • DNA : 102%; CNA : 73% • IPA : 104%”

“• Nitric Acid: Expect a stable prices and flat downstream demand • IPA: Market sentiment remains weak, Acetone prices and high inventory levels of both Acetone and IPA.”

“H1 Revenue grew 21% YoY Bulk Manufacturing Capacity Utilization: Q2 FY26: 71%”

“An above normal monsoon facilitating higher ground moisture levels and satisfactory water reservoir storage, we anticipate a strong Rabi season.”

“Cr) CAGR 15% 11,301 7,663 5,808 10,274 8,676 CAGR 19% 955 2,165 1,925 1,356 1,287 CAGR 23% 1,221 687 406 945 468 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Fixed Assets (Rs.”

“Cr.) CAGR 22% CAGR 16% CAGR 16% 4,631 3,905 6,552 7,135 5,739 5,193 5,580 6,254 4,002 2,800 EPS (Rs.) 97.7 60.4 41.5 74.0 35.9 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 16 Attractive Capex of ~Rs.”

“4,650 crores Underway TAN Project, Gopalpur Nitric Acid Project, Dahej o Capacity: 376 KTPA.”

“o Capacity : WNA 300 KTPA & CNA 150 KTPA o Expected Commissioning: Q4-FY26 o Expected Commissioning: Q4-FY26 o Capex : Rs.”

“1,983 Crores o o Post-expansion, total AN capacity will be ~1.0 MMTPA, making us 3rd largest pure-play TAN producer globally”

Outlook

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Safe Harbour

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Outlook

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Revenue Growth

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Strategic Location Advantages

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Corporate Office

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Safe Harbour

This document contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Deepak Fertilisers and Petrochemicals Corporation limiter’s (DFPCL) future business developments and economic performance. While these forward looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks and uncertainties, are based on management belief as well as assumptions made by and information currently available to management and only indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory tre

Outlook

• Q3 is typically strong post-monsoon, but extended monsoon may soften demand. Focus on direct sales and export. 12 Industrial Chemicals Business : Q2 FY26 Performance Quarterly Sales Volume (KMT) and Revenue (₹ Cr) Highlights 110 KMT 90 KMT 70 KMT 50 KMT 30 KMT 10 KMT 200 KMT 180 KMT 160 KMT 140 KMT 120 KMT 100 KMT 80 KMT 60 KMT 40 KMT ₹499 17 KMT 23 KMT 49 KMT ₹549 18 KMT 22 KMT 52 KMT Q2FY25 CNA+SNA Sales Volume Q1FY26 DNA Sales Volume ₹600 ₹500 ₹400 ₹300 ₹200 ₹100 ₹- ₹480 17 KMT 24 KMT 46 KMT Q2FY26 IPA Sales Volume IC Revenue H1 Sales Volume (KMT) and Revenue (₹ Cr) ₹925 31 KMT 43 KMT 93 KMT H1FY25 CNA+SNA Sales Volume DNA Sales Volume ₹1,028 35 KMT 45 KMT 98 KMT ₹1,050 ₹850 ₹650 ₹450 ₹250 ₹50 ₹(150) H1FY26 IPA Sales Volume IC Revenue Volume Performance • Total Nitric Acid: Q2 volume declined by 3% YoY & 5% QoQ. H1 volume grew by 5% YoY. • IPA: Sales volume in Q2 dropped by 6% QoQ but grew 2% YoY on account of higher base. H1 volume grew 14% YoY

Revenue Growth

• Despite flat volumes, revenue decreased by 4% YoY and 13% QoQ due to significant losses in IPA prices. However, improved volumes of NA and IPA led to an 11% growth in H1 revenue.. Capacity Utilization in Q2-FY26: • DNA : 102%; CNA : 73% • IPA : 104%

Outlook

• Nitric Acid: Expect a stable prices and flat downstream demand • IPA: Market sentiment remains weak, Acetone prices and high inventory levels of both Acetone and IPA. impacted by sharp declines in 13 Crop Nutrition Business: Q2 FY26 Performance Quarterly Sales Volume (KMT) and Revenue (₹ Cr) Highlights 1,475 24 KMT 40 KMT 37 KMT 232 KMT 400 KMT 350 KMT 300 KMT 250 KMT 200 KMT 150 KMT 100 KMT 50 KMT Q2FY25 ANP+Smartek Specialty Sales Volume 1,253 31 KMT 38 KMT 69 KMT 111 KMT Q1FY26 Crop Specific Solution (Croptek) CNB Revenue 1,713 17 KMT 129 KMT 57 KMT 128 KMT Q2FY26 Bulk Traded Volume H1 Sales Volume (KMT) and Revenue (₹ Cr) 700 KMT 600 KMT 500 KMT 400 KMT 300 KMT 200 KMT 100 KMT 2,452 50 KMT 59 KMT 77 KMT 366 KMT H1FY25 2,966 48 KMT 166 KMT 126 KMT 239 KMT H1FY26 ANP+Smartek Specialty Sales Volume Crop Specific Solution (Croptek) CNB Revenue Bulk Traded Volume 1,500 1,000 500 - -500 3,000 2,500 2,000 1,500 1,000 500 - -500 Q2 FY26 Volume Performance: • Bulk Fertilizers manufactured

Outlook

An above normal monsoon facilitating higher ground moisture levels and satisfactory water reservoir storage, we anticipate a strong Rabi season. 14 Raw Material Price Movement 299 319 353 360 362 405 430 423 420 367 328 305 294 295 298 313 333 375 Ammonia Bulk FOB - ME ($/MT) APR-24 MAY-24 JUN-24 JUL-24 AUG-24 SEP-24 OCT-24 NOV-24 DEC-24 JAN-25 FEB-25 MAR-25 APR-25 MAY-25 JUN-25 JUL-25 AUG-25 SEP-25 963 948 948 948 950 950 1060 1060 1060 1055 1055 1055 1153 1153 1153 1258 1258 1258 Phosphoric Acid Bulk CFR ($/MT) APR-24 MAY-24 JUN-24 JUL-24 AUG-24 SEP-24 OCT-24 NOV-24 DEC-24 JAN-25 FEB-25 MAR-25 APR-25 MAY-25 JUN-25 JUL-25 AUG-25 SEP-25 319 319 293 290 281 281 284 284 284 284 284 284 284 284 349 349 349 349 Potash CFR ($/MT) APR-24 MAY-24 JUN-24 JUL-24 AUG-24 SEP-24 OCT-24 NOV-24 DEC-24 JAN-25 FEB-25 MAR-25 APR-25 MAY-25 JUN-25 JUL-25 AUG-25 SEP-25 15 Historical Consolidated Financials Operating Revenue (Rs. Cr) Operating EBITDA (Rs. Cr) PAT (Rs. Cr) CAGR 15% 11,301 7,663 5,808 10,274

Strategic Location Advantages

o Closer to major mining areas in East India o Port based location- favourable for exports o o o Post-expansion, total WNA capacity will be ~1.2 MMTPA, making us Asia's largest manufacturer of Nitric Acid. Strategic Location: Closer to major consumers in West and Central India. 65% CN’A capacity tied up through a 20 years long term contract Capitalizing on 40 Years of Know-How and Riding the India Growth Story 17 Strengthening Our Balance Sheet (Rs. CR) ST Debt LT Debt Sep-25 Mar-25 Leverage Ratios Sep-25 Mar-25 Change 337 257 3,900 3,676 Net Debt/Equity (x) 0.48x 0.53x 0.05 Net Debt/EBIDTA (x) 1.74x 1.72x 0.02 Total Debt 4,237 3,933 Cash & Cash Equivalent Other Bank Balances 170 78 354 90 Investment in MFs 587 183 Net Debt 3,402 3,305 • Capital expenditure totaled at ₹ 870cr in H1 FY26 • Capital expenditure totaled at ₹ 870cr in H1 FY26 • • Inspite of project related borrowing of ₹ 514, net Inspite of project related borrowing of ₹ 514, net debt increased by ₹ 97 Cr, supported by robu