Paradeep Phosphates, one of India’s largest private-sector fertilizer companies, posted robust financial results for the quarter and nine months ended 31 December 2025.
For Q3 FY26, the company reported Revenue from Operations of Rs. 5,749 crore, up 15% year-on-year, and EBITDA of Rs. 503 crore, up 5% YoY. Profit Before Tax stood at Rs. 233 crore with Profit After Tax at Rs. 182 crore.
For the nine-month period, Revenue surged 34% YoY to Rs. 17,124 crore, EBITDA jumped 45% YoY to Rs. 1,817 crore, and PAT soared 71% YoY to Rs. 841 crore.
Operationally, production volumes in Q3 rose 13% YoY to 10 lakh tonnes, while sales volumes reached 10.70 lakh tonnes. For 9M FY26, production and sales climbed 15.4% and 16.9% YoY to 28.60 lakh tonnes and 33.66 lakh tonnes, respectively. Growth was fueled by strong performance in value-added NPK grades, which jumped 30% YoY to 17.51 lakh tonnes, while TSP sales more than doubled, up 107% YTD to 2.43 lakh tonnes.
Despite challenges from global pricing fluctuations, raw material availability, and Rupee volatility, Paradeep Phosphates maintained margins through supply chain efficiencies and operational agility.
Commenting on the results, Managing Director & CEO N. Suresh Krishnan said, “Q3 and 9M FY26 have been consistent for PPL, reflecting the strength of our operations and our resilience to navigate the global volatility. We continue with our endeavour of offering farmers with innovative products and helping to achieve balance fertilization and optimizing the last mile delivery through digital interventions.”
He added, “The Phos Acid Expansion from 0.5 MMTPA to 0.7 MMTPA (Phase 1) at Paradeep is underway and the increased phos acid will enable the company to meet substantial requirement of phos acid at Goa and Mangalore through the excess phos acid at Paradeep.
"Thus, directionally we endeavour to make all our sites 100% backward integrated in Phos acid. This will significantly improve the quality of earnings /ton at company level. Also, we are looking debottlenecking opportunity at Paradeep to increase the granulation capacity from 1.8 MMTPA to 2 MMTPA.
"Our long term credit rating has been enhanced to AA-(stable) reflecting our strong fundamentals and the improved credit rating will help us to optimize our cost of capital for the Capexes. Looking ahead, we remain focused on driving growth through operational excellence, innovation, and disciplined execution.”
