Paradeep Phosphates (PARADEEP) Q4 24/25 earnings summary

Executive summary

• FY 2025 marked a transformational year with a 452% year-on-year surge in profit after tax, driven by record fertilizer sales of over 3.0 million tons, strategic operational improvements, and a diversified NPK product mix.

• Revenue from operations grew 19.6% year-over-year to INR 13,820 crore, with EBITDA up 91% to INR 1,367 crore and profit before tax up 434% to INR 752 crore.

• Board recommended a dividend of INR 1 per equity share for FY 2025, subject to shareholder approval.

• Served over 9.5 million farmers across 15 states through 95,000+ retail points.

• Audited standalone and consolidated financial results for FY 2025 were approved, with an unmodified opinion from statutory auditors.

Financial highlights

• Achieved highest-ever fertilizer sales of 3.03 million tons, with production volume up 14% and primary sales up 20% year-over-year.

• NPK sales reached a record 1.06 million tons, and phosphoric acid production increased 30% year-over-year to 486 KTPA.

• FY25 net profit surged 452% year-over-year to INR 5,518 million (margin: 4.0%).

• Basic EPS for FY25 was INR 6.77, up 454.9% year-over-year.

• Cash and cash equivalents increased to INR 873.73 crore as of March 31, 2025.

Outlook and guidance

• Expecting organic sales volume growth of 5% in FY 2026, with an additional 23% boost post-MCFL merger, targeting over 3.7 million tons.

• EBITDA margins expected to improve further as backward integration projects come online, including new sulfuric acid capacity by Q3 and phosphoric acid expansion within two years.

• Sustainable EBITDA per ton guidance remains at INR 4,500, with potential upside from ongoing integration and efficiency projects.

• Favorable monsoon outlook and continued government support expected to benefit future performance.

• Merger with Mangalore Chemicals & Fertilizers Limited approved, with accounting effects to be recognized upon regulatory approvals.