Chairman and Managing Director S.C. Mehta said the second quarter reaffirmed the company’s “strategic transformation and disciplined execution,” supported by its focus on speciality products, customer-centricity, and operational agility.
He noted that DFPCL’s fertiliser and Technical Ammonium Nitrate (TAN) businesses continued to perform strongly, driving both revenue and margin growth. However, the chemicals segment came under pressure due to global headwinds, with the IPA (isopropyl alcohol) and ammonia businesses seeing a 21% year-on-year decline.”Our IPA business faced a challenging quarter amid global trade shifts and pricing volatility,” Mehta said, citing sharp corrections in benzene and acetone prices and the impact of anti-dumping duties on China, which led to higher US imports and margin pressure.
He added that while the ammonia segment also saw a volatile quarter — with Middle East FOB prices averaging $300 per tonne — recent price recovery above $400 per tonne and operational improvements bode well for the coming quarters. A planned shutdown in Q4 is expected to enhance capacity and yield further natural gas savings, he said.
The company also highlighted the completion of the full acquisition of its Australian subsidiary, Platinum Blasting Services (PBS), which recorded ₹533 crore in revenue and ₹80 crore in EBITDA in FY25.
