The sulphuric acid expansion at the Paradeep site from 1.39 MMTPA to around 2 MMTPA is progressing and is expected to be commissioned by Q3 FY26
Paradeep Phosphates Ltd. (PPL) Q3 FY25 revenue from operations stood at Rs. 4,105 crore with EBITDA at Rs. 371 crore, and profit after tax (PAT) surged 47%.
The sulphuric acid expansion at the Paradeep site from 1.39 MMTPA to around 2 MMTPA is progressing and is expected to be commissioned by Q3 FY26.
PPL's product basket, during this quarter, included over seven value-added NPK grades in addition to DAP. In Q3 FY25, total fertilizer production stood at 6, 75,808 MT, with NPK- 20 production increasing by 6% YoY and other NPK grades rising by 59% YoY. Total fertilizer sales for the quarter reached 870,586 MT, marking a 47% YoY growth. A notable contributor was the newly launched Triple Super Phosphate (TSP), which recorded sales of 54,128 MT during the quarter.
For the first nine months of FY25, production and sales volumes stood at 1,908,313 MT and 2,290,443 MT, reflecting a YoY increase of 4% and 13%, respectively. Additionally, the company’s nano fertilizer segment gained traction, with about 1.40 million bottles sold in the first nine months of FY25.
Commenting on the results, S. Krishnan, Managing Director, Paradeep Phosphates said, “We’ve maintained steady performance in production and sales over the past quarters, aided by favorable rainfall, moderate inventory levels, and government support. Our product range has expanded to include over seven grades of NPKs alongside DAP, supported by effective backward integration. We’ve also seen a further improvement in our net debt-to-equity ratio this quarter compared to the previous quarter."
"Our results are driven by strategic sourcing, backward integration, a soil- and crop-specific product range, and robust sales and distribution networks. Strong relationships with our channel partners and farmers continue to support our growth," commented Krishnan.
"The first phase of our energy-saving project at Goa is now concluded, and we expect it to positively impact our bottom line moving forward. Additionally, our sulphuric acid expansion—from 1.39 to 2.00 million MT—is on track, supporting our phosphoric acid expansion plans from the current 5 lakh tons to 7 lakh tons. Given the current raw material dynamics, we remain focused on maintaining the right mix of fertilizers and aim to close the fiscal year on a positive note,” added Krishnan.
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