Paradeep Phosphates Ltd (PPL), India’s second-largest private-sector phosphatic fertilizer company, reported its financial results for the quarter ended 30th June 2025, delivering robust operational, financial, and strategic performance.

For Q1 FY26, the company reported revenue from operations of Rs. 3,754 crore, up 58% year- on-year. EBITDA (including other income) doubled to Rs. 493 crore, while profit before tax (PBT) stood at Rs. 342 crore. Profit after tax (PAT) came in at a healthy Rs. 256 crore, supported by strong fertilizer sales.

Operationally, PPL achieved production of 6.64 lakh tonnes and primary sales of 7.42 lakh tonnes, representing 23% and 34% year-on-year growth, respectively. The company served over 9.5 million farmers across 15 states through a network of 95,000+ retail points. Demand was led by crop- and soil-specific NPK grades, with N-20 sales reaching a record 2.24 lakh tonnes. PPL also achieved high POS sales velocity, improving receivables and working capital efficiency, while continuing its innovation-led approach by selling nearly 7 lakh bottles of nano fertilizers.

Production of intermediaries also saw strong growth, with phosphoric acid volumes rising 22% YoY to 113 KTPA and sulphuric acid production increasing 30% YoY to 283 KTPA.

Despite an upswing in key raw material prices, PPL leveraged its long-term supplier relationships, strategic sourcing, and on-site storage capabilities to maintain cost efficiency and supply continuity.

Commenting on the performance, Suresh Krishnan, Managing Director & CEO of Paradeep Phosphates, said, “PPL delivered a strong financial and operational performance in Q1, aided by favorable rainfall and healthy reservoir levels. Our operational momentum translated into record sales volumes, driven by N-20 and our value-added NPK grades N-10, N-12, and N-19. Year-on- year, sales and production volumes rose 34% and 23%, respectively, reflecting both market demand and our execution strength.

Our backward integration projects remain firmly on track, positioning us to further enhance profitability margins over the medium term. At the same time, we continue to demonstrate fiscal discipline, with a lean cash conversion cycle and a healthy net debt-to-equity position. In June, we also secured shareholder approval for our merger with MCFL, which is now advancing through its final regulatory stages.

Looking ahead, we remain committed to creating value for our stakeholders by leveraging PPL’s integrated value chain capabilities—from global sourcing and efficient production to expansive distribution and trusted brand equity—to better serve the soils and farmers of India.”