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Source: The Hindu Business Line
Paradeep Phosphates reported higher revenue and operating earnings in the March quarter, while net profit declined year-on-year. The company also announced a dividend of ₹1.50 per equity share for FY26.
By Sheersh Kapoor
Paradeep Phosphates reported a mixed set of fourth-quarter earnings for FY26 on May 11, with higher revenue and operating profit offset by a decline in net profit.
Revenue for the March quarter rose 12% year-on-year to ₹4,702 crore from ₹4,194 crore, while EBITDA increased 15.4% to ₹442.4 crore compared with ₹383.4 crore in the corresponding quarter last year. EBITDA margin remained flat at 9%.
Net profit, however, declined 9.6% year-on-year to ₹155.6 crore from ₹172.2 crore.
The company’s board recommended a dividend of ₹1.50 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the upcoming annual general meeting.
Paradeep Phosphates had also reported a mixed operational performance in the December quarter, where revenue and EBITDA growth were accompanied by pressure on profitability. In Q3FY26, revenue had risen 15% year-on-year to ₹5,748 crore, while EBITDA grew 7.7% to ₹471.8 crore. Margins during the quarter narrowed to 8.2% from 8.8% a year earlier amid cost pressures.
The company manufactures and markets a range of fertiliser products including DAP, complex fertilisers and urea, catering to agricultural demand across key farming regions in India.
Ahead of the earnings announcement, shares of Paradeep Phosphates Ltd closed 1.07% lower at ₹123.55 on the NSE.
Source: CNBC TV18