Deepak Fertilisers and Petrochemicals Corporation Ltd announced the financial report for Quarter Ending and Year Ending 31st March, 2021.
The financial highlights for the FY 21 are the growth of top line by 24% crossing over Rs5,800 crore and declaration of a net profit of over Rs400 crore that is a 357% jump over Rs89 crore for FY 20.
The chemical business contribution of segment profit is reported at 81% and the cash flows from operations doubled to Rs1,248 crore over Rs578 crore for FY 20.
That the board has recommended the highest ever dividend rate of 75% which was 30% in FY 20, is another highlight of the financial report.
The financial highlights for the Q4 FY 21 are the top line growth by 21% to Rs1,575 crore and a jump of 415% in net profit to Rs116 crore over Rs23 crore for the same period in 2020.
Commenting on the performance, Sailesh C. Mehta, Chairman & Managing Director, said, “This has been a truly historic year for us in all aspects of our performance parameters.”
He further said, “Our core strategy drivers beyond operational efficiencies have been industrial chemicals, mining chemicals and fertilisers performance; each of whose growth strategy has now been validated by their seamless integration with the India Growth story.”
“The key investments made over the last four years have started delivering,” he added.
Laying the road ahead, he reminded that the available head room in capacities provides for good growth potential in the years ahead.
“The Strategic Initiatives to transform our sectors from a commodity to speciality position, holds tremendous promise for the future, as we build further on the success of our transformational business models,” said the CMD.
“The balance capex plans, once implemented will hugely solidify the strong foundations of the Company and help sustain and enhance our sectoral leadership built over the past 40 years,” he added.