India · Delayed Price · Currency is INR Paradeep Phosphates Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 29% year-over-year with strong EBITDA and PAT growth, driven by robust NPK and value-added product performance. Backward integration and energy efficiency projects are expected to further improve margins, though raw material price volatility and geopolitical risks persist.
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Production and sales saw double-digit growth, with EBITDA and PAT rising sharply year-over-year. Backward integration, capacity expansions, and energy efficiency projects are set to drive further margin improvement, while raw material volatility and subsidy flows remain key risks.
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Strong Q2 and H1 FY26 results featured robust revenue and profit growth, successful MCFL merger, and a major INR 3,600 crore capacity expansion plan. Full backward integration and higher EBITDA per ton are expected by FY28, with trading volumes supplementing growth.
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Revenue grew 58% YoY to INR 3,754 crores, with EBITDA nearly doubling and PAT at INR 256 crores, driven by higher volumes, improved product mix, and price increases. Strategic expansions and the MCFL merger are on track, with robust demand and strong operational execution supporting FY26 guidance.
Fiscal Year 2025
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FY 2025 saw record profitability and sales, with revenue up 19% and PAT up 452% year-over-year. Operational efficiency, backward integration, and strong rural demand drove growth, while ongoing CapEx and the MCFL merger are set to further boost capacity and margins.
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Q3 FY 2025 delivered strong revenue and sales growth, driven by robust NPK and nano-fertilizer performance, while DAP margins contracted due to higher input costs. Backward integration and capacity expansions are on track, with full benefits expected in FY 2026.
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Q2 FY25 saw strong volume and earnings growth, driven by favorable agri conditions, product mix shift, and strategic integration. EBITDA and PAT surged, with robust cash flow and reduced leverage. CapEx for phosphoric acid expansion is set to further boost margins.
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Q1 FY25 saw lower production and sales volumes due to a brief shutdown, but profitability improved year-over-year. New product launches and robust Q2 demand position the company to exceed last year's volumes, though rising raw material costs may require price corrections if government support is not provided.