Paradeep Phosphates (PARADEEP) investor relations material

Executive summary

• Revenue from operations grew 29% year-over-year to INR 21,826 crore (Rs. 218,263 Mn) for FY 2026, with EBITDA up 33% to INR 2,259 crore (Rs. 22,594 Mn) and PAT up 52% to INR 1,000 crore (Rs. 10,008 Mn).

• Q4 revenue was INR 4,702 crore (Rs. 47,418 Mn), EBITDA INR 484 crore (Rs. 4,842 Mn), and PAT INR 161 crore (Rs. 1,611 Mn).

• Production volumes increased 8% year-over-year to 36.66 lakh metric tons (3,666,291 MT), with nearly 100% capacity utilization.

• Sales volumes rose 10% year-over-year to 42.1 lakh metric tons (4,209,890 MT), led by strong NPK and value-added product performance.

• Audited results reflect the impact of a major merger with Mangalore Chemicals & Fertilizers Limited effective April 1, 2024.

Financial highlights

• Profit before tax increased 46% year-over-year to INR 1,328 crore (Rs. 13,280 Mn).

• EBITDA per ton for FY 2026 was INR 5,300; Q4 EBITDA per ton was INR 5,700.

• Standalone revenue for FY 2025-26 was Rs. 21,972.92 crore, with standalone net profit at Rs. 996.84 crore.

• Basic EPS for FY26 was 9.60, up 50.2% year-over-year.

• Operating cash flow was negative INR 1,000 crore, mainly due to higher inventories and receivables, expected to normalize in Q1 FY 2027.

Outlook and guidance

• Optimism for fertilizer demand continues, supported by government focus on soil health and balanced nutrient application.

• Plans to double phosphoric acid capacity from 0.5 MMTPA to 1 MMTPA are on track, targeting 100% backward integration.

• Raw material prices, especially ammonia and sulfur, remain volatile due to Middle East tensions; Q1 raw material needs are covered, with Q2 visibility being worked on.

• Backward integration and energy efficiency projects are expected to improve margins in FY 2027.

• No specific revenue or EBITDA margin guidance for FY 2027 due to ongoing volatility.