Conference Call with Paradeep Phosphates Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Fertilizers company Paradeep Phosphates announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations stood at Rs 3,494 crore, up 56% YoY. EBITDA grew 119% YoY to Rs 389 crore. PBT surged 750% YoY to Rs 223 crore. PAT increased 644% YoY to Rs 160 crore. FY25 Financial Highlights: PAT surged 452% YoY on the back of record fertilizer sales. Revenue from operations rose 19% YoY to Rs 13,820 crore. EBITDA grew 91% YoY to Rs 1,367 crore. PBT increased 434% YoY to Rs 753 crore. Free cash flow (post working capital and capex) is 74% of EBIDTA. Net-debt to equity improved to 0.78, a 28% reduction YoY. Dividend of Rs 1 per equity share on the face value of Rs 10 declared Commenting on the performance, Suresh Krishnan, Managing Director & CEO of Paradeep Phosphates, said “We have achieved record sales volumes of over 3 million tonnes, underpinned by strategic sourcing, a diversified NPK production mix, focused sales and marketing efforts, and strong fiscal and operational discipline. Both our debt levels and net debt per tonne of sales have decreased meaningfully. We ended the year with 74% of EBITDA converting into free cash flow. Over the past four years, our growth in volumes and key financial metrics has been standout within the industry. Our commitment to ESG has also earned global recognition, with S&P; placing us in the top 98th percentile in the chemicals sector. ESG will continue to be a core pillar of our growth agenda. With a favorable monsoon outlook and continued government support, we remain focused on driving operational excellence and deploying free cash flows prudently to support strategic growth including backward integration.” Result PDF
Conference Call with Paradeep Phosphates Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Fertilizers company Paradeep Phosphates announced Q3FY25 results Total Income from Operations in Q3FY25 stood at Rs 4,105 crore. Total production volume for Q3FY25 was 675,808 MT, reflecting a 25% YoY increase. Total sales volume in Q3FY25 reached 870,586 MT, up by 47% YoY. EBITDA for Q3FY25 was Rs 371 crore, and PBT stood at Rs 220 crore, compared to Rs 291 crore and Rs 153 crore in Q3FY24, respectively. Net Debt to Equity Ratio has improved further compared to the Q3FY24. Raw material prices in Q3FY25 saw a moderate increase from Q2FY25. The sulphuric acid expansion at the Paradeep site, from 1.39 MMTPA to ~2 MMTPA, is progressing and is expected to be commissioned by Q3FY26. Given the growing need for food security, healthy soil, and balanced fertilization, coupled with favorable government policies, the fertilizer demand in the country is expected to remain strong. S Krishnan, Managing Director, Paradeep Phosphates, said: “We’ve maintained steady performance in production and sales over the past quarters, aided by favorable rainfall, moderate inventory levels, and government support. Our product range has expanded to include over seven grades of NPKs alongside DAP, supported by effective backward integration. We’ve also seen a further improvement in our net debt-to-equity ratio this quarter compared to the previous quarter. Our results are driven by strategic sourcing, backward integration, a soil- and crop-specific product range, and robust sales and distribution networks. Strong relationships with our channel partners and farmers continue to support our growth. The first phase of our energy-saving project at Goa is now concluded, and we expect it to positively impact our bottom line moving forward. Additionally, our sulphuric acid expansion—from 1.39 to 2.00 million MT—is on track, supporting our phosphoric acid expansion plans from the current 5 lakh tons to 7 lakh tons. Given the current raw material dynamics, we remain focused on maintaining the right mix of fertilizers and aim to close the fiscal year on a positive note.” Result PDF
Fertilizers company Paradeep Phosphates announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total Income in Q2FY25 is Rs 3,844 crore, up by 4% YoY. Total production volumes stood at 693,311 MT, reflecting a 5% YoY increase. Total sales volumes of finished fertilizers reached 865,286 MT, marking an 18% year-over-year increase. Sales volumes exceeded production by 25%, re-inforcing the company’s distribution strengths and strong brand equity. EBITDA for Q2FY25 stood at Rs 440 crore, an increase of 65% YoY, while PBT stood at Rs 296 crore, marking an increase of 146% YoY. Net debt to equity improved by nearly 25% to 0.82 in Q2FY25 compared to the start of the year. Key raw material prices witnessed an upward trend from Q1FY25 to Q2FY25. Surplus cash generated from operations stood at Rs 1,238 crore. H1FY25 Financial Highlights: Total Income in H1FY25 is Rs 6,221 crore. Total Production Volumes stood at 1,232,504 MT, while Total Sales Volumes reached 1,419,857 MT. EBITDA for H1FY25 stood at Rs 607 crore, while PBT amounted to Rs 310 crore. New product sales volumes for nano-fertilizers were over 6 Lakh bottles and for TSP were 63,330 MT in H1. With favorable monsoon conditions, healthy reservoir levels, robust crop prices above MSPs, and moderate fertilizer inventory levels in the country, fertilizer demand is projected to remain strong throughout the Rabi season of FY25. S Krishnan, Managing Director & CEO, Paradeep Phosphates said: “In Q2 FY25, we benefited from favorable conditions, including good monsoons, healthy reservoir levels, and robust crop prices. We achieved strong volume growth across our diverse portfolio of NPK fertilizers, further reinforced by the acceptance of our climateand soil-friendly products like nano-fertilizers and TSP. Our strategic approach to raw material sourcing and diligent operational management improved our financial leverage, resulting in a 25% reduction in our net debt-to-equity ratio. The board has also approved plans to increase our phosphoric acid capacity targeting 100% backward integration across all manufacturing sites. These initiatives will enhance our earnings quality and position us for sustainable growth. Looking ahead, I am optimistic about the upcoming Rabi season, which we anticipate will mirror the strong demand seen in Kharif. With our robust supply chain linkages and backward integration capabilities, along with our diverse product offerings and strong channel partnerships, we are well-equipped to serve Indian farmers and soils effectively. We will continue to prioritize our ESG initiatives as a core aspect of our growth strategy. I want to extend my heartfelt gratitude to all stakeholders for their ongoing support in our journey.” Result PDF
Conference Call with Paradeep Phosphates Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Paradeep Phosphates Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Fertilizers company Paradeep Phosphates announced Q4FY24 & FY24 results: Total Income from Operations: FY24: Rs 11,575 crore, down by 13% YoY. Q4FY24: Rs 2,243 crore, down by 38% YoY. The reductions are attributable to a decrease in product subsidies. EBITDA: FY24: Rs 717 crore, down by 20% YoY. Q4FY24: Rs 178 crore, up by 11% YoY. Production Volumes: FY24: 2,304,969 MT, up by 13% YoY. Q4FY24: 470,429 MT. Finished Fertilizer Production: Paradeep site: FY24: 1,425,845 MT, up by 10% YoY. Q4FY24: 319,850 MT. Goa site: FY24: 879,124 MT, up by 19% YoY. Q4FY24: 150,579 MT. Total Sales Volume: FY24: 2,527,119 MT, compared to 2,029,287 MT in FY 2022-23. Commenting on the results, N Suresh Krishnan, Managing Director & CEO, PPL said, “The fiscal year 2023-24 brought significant macroeconomic changes. We witnessed global uncertainty, experienced average rainfall, and benefited from the normalization of raw material prices worldwide, although this was accompanied by a decrease in subsidy realizations. Despite these fluctuations, we achieved positive volumes, producing 2.3 million tons of various grades of DAP and NPK fertilizers throughout the year—an increase of 13% compared to last year. Furthermore, our sales reached nearly 2.53 million tons across various states in India, marking a 25% increase from the previous year. We also managed our debt effectively reducing it by 14% YoY. Looking ahead, we are gearing up to introduce innovative grades of soil and crop specific NPK fertilizers. We are also in the process of launching our own researched biogenic nano-urea and nano-DAP fertilizers, which promises a significant value addition to soil nutrition. Our commitment to sustainability has also been recognized, with our first-time entry into the S&P;’s DJSI index. We remain dedicated to advancing our ESG goals and making sustainability a central theme in all our operations. With an expectedly better monsoon season ahead, we are fully prepared to meet the demands of the Kharif season with an optimal product mix, enhanced farmer engagement, and improved operational efficiencies.” Result PDF