Paradeep Phosphates posted a blockbuster FY26 performance, reporting sharp growth across revenue, profitability and production even as global raw material markets remained volatile.
The fertilizer major reported a 29% year-on-year rise in revenue from operations to Rs. 21,826 crore for FY26, while EBITDA climbed 33% to Rs. 2,259 crore. Profit before tax surged 46% to Rs. 1,328 crore, and net profit soared 52% to Rs. 1,000 crore.
For the fourth quarter ended March 31, 2026, the company posted revenue of Rs. 4,702 crore, EBITDA of Rs. 484 crore, PBT of Rs. 202 crore and PAT of Rs. 161 crore.
Operational momentum remained strong through the year. Production volumes rose 8% year-on-year to 36.66 lakh metric tonnes, while sales volumes increased 10% to 42.10 lakh metric tonnes.
Growth was powered by robust demand for value-added NPK fertilizers, with the NPK category, including TSP, recording a sharp 22% jump to 24.64 lakh metric tonnes.
The performance comes despite persistent uncertainty in global markets, fluctuating raw material prices and a weakening rupee. The company credited its resilience to operational agility, backward integration and supply chain efficiencies.
Commenting on the performance, N. Suresh Krishnan said: “PPL has demonstrated robust operational and financial performance for the FY26 reflecting the strength of our integrated operations and our resilience to navigate the global volatility.
"In FY 26, we have been able to achieve 3.67 MMTPA of Fertilizer production, achieving almost 100% capacity utilization of our existing capacities reflecting our continued endeavour for manufacturing excellence."
He added: "During FY 26, we commissioned Sulphuric Acid Plant at Paradeep (500,000 MTPA) and at Mangalore (100,000 MTPA), thereby, increasing our Sulphuric Acid capacity at company level by 0.6 MMTPA, an increase of 45 % capacity.
"Our plan to double the phos acid capacity from 0.5 MMTPA to 1 MMTPA is on track and directionally we endeavour to make all our sites 100% backward integrated in Phos acid. The Phase 1 of this expansion – from 0.5 MMTPA to 0.7 MMTPA – at Paradeep is underway and is expected to be commissioned in FY 27.
At the marketplace in FY 26, we have been able to grow our NPK sales (including TSP) by 22%, on the strength of our deep distribution network capabilities spanning across 18 states and strong brand equity. We remain committed to offer innovative NPK grades for balanced fertilization to Indian Farmers and optimize the last mile delivery through digital interventions."
"Sustainability remains core to our operations and during the year FY 26 we achieved S&P Global ESG score of 76 and ranked in top 2 percentile in the Global Chemical Sector. Looking ahead, we remain focused on driving growth through operational excellence, product innovation, and disciplined execution and create shareholders value.”
The company’s aggressive expansion strategy and near-full capacity utilization signal a strong push toward deeper backward integration and higher operational efficiency as it positions itself for the next phase of growth.
