Deepak Fertilizers and Petrochemicals Corporation Limited CC-Jun26.pdf · 2026-05-29
Yes. My first question is on the margins. So how should we look at chemical margins because of better integration benefits and this gas contract kicking in? Subhash Anand: Okay. If you're looking at total, I'll say, segment as a Chemicals, then yes, the margin improvement will happen because Equinor contracts do give us a benefit in terms of overall input cost. However, the way we look in the business, each business has been seen separately based on IPP transfer pricing, not based on cost plus. So each business on its own will show the profitability and Equinor gas contract benefit will finally flow into our ammonia business, which is PCL. But if you're looking holistically, the margin improvement is certain and that will get reflected in our consolidated chemical portfolio.
Any quantification would help, if you can. Subhash Anand: No. That's the information. You'll be able to see once we come up with next quarter results, partial reflection will be visible there.