DEEPAKFRTLSRSANDPTRCHMCL / Q2-FY26 / claim-ledger

Audit the questions that mattered.

Deepakfrtlsrsandptrchmcl · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ2-FY26 · 2025-11-06Back to quarter ↗

Questions audited

Answered directly

63%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Shabha · Asive Kocha family office

partial

What is the situation in the IPA market?

couple of things which are in progress when it comes to IPA market. One there are few sanctions... a lot of this disturbance is actually led by tariff which US Trump has announced... we expect it to be back in business in coming quarters.

Shabha · Asive Kocha family office

direct

Expected utilization for new plant in FY27 and FY28?

normally the way we expect FI27 we expect around 70% capacity utilization and FI28 will be 80% plus.

Vira Mahadevia · Maloney

evasive

How much will gross margins expand in FY27 from lower gas integration?

we expect the gas prices will come down. Now in terms of margin expansions let's wait for some more time. We still not gone and then communicated but the cost saving is material in nature.

Vira Mahadevia · Maloney

direct

Will cash flows be used to delever after capex completion?

at this point of time we are reaching towards completion of that capex cycle... there will be some cooling period... If there's nothing else then definitely this will delever our balance sheet more and more.

Arman · Blue Sky Fintech

deflected

Impact of India-China/Russia fertilizer import talks on company?

our entire focus is on value added product... we are creating our own niche space... we don't have a fertilizers which is readily comparable in the market.

Arman · Blue Sky Fintech

partial

Cost competitiveness vs Russian ammonia nitrate?

the only business which does get impacted through material coming from Russia is the MSL business... that has been a little bit controlled over the last 6 months... things are normalized.

Adar Shen · individual investor

direct

Capacity increase from ammonia plant shutdown in Q4?

we are expecting around 10% increase in capacity in this shutdown.

Adar Shen · individual investor

evasive

How much urea exported under export quota so far?

we have exported reasonable quantities as we used to do in the past... in Q2... we are very hopeful that in Q3 it will be a higher volume compared to Q2.

publisher · individual investor

direct

Why gap between CWIP and total capex for upcoming plants?

it's a phasing of payment... we expect capex to get staggered even after commissioning.

publisher · individual investor

direct

Cash flow spend in FY26, FY27 and peak debt estimate?

we shared with the street our peak debt to go up to 4,500. That's what we expect towards end of this year. Some 10 to 15% will remain pending.

Ranjit · Capital

partial

Impact of GST cut on state incentives for ammonia plant?

the GSP rate cut has impacted the incentives... the incentive is much lower... we are representing government... we are ensuring our internal actions make us efficient.

Bwati · Asph Capital

direct

Peak utilization timeline and ROC for new plants?

3 year is normal time to reach normal capacity utilization... FI29 is the year when things will be realized... ROC we are expecting 20% plus.