Paradeep Phosphates Reports Robust FY26 Financial Results; Net Profit Rises to Rs. 996.84 Crores, Dividend of Rs. 1.50 Per Share Recommended

Paradeep Phosphates Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at its Board of Directors meeting held on May 11, 2026. The results, audited by M/s. BSR & Co. LLP with an unmodified opinion, reflect a significant improvement in profitability and revenue on both standalone and consolidated bases, supported by the merger of Mangalore Chemicals and Fertilizers Limited (MCFL) with effect from the appointed date of April 1, 2024.

Standalone Financial Performance

The company delivered a strong financial performance for FY26 on a standalone basis. Revenue from operations rose to Rs. 21,826.34 crores for the year ended March 31, 2026, compared to Rs. 16,958.65 crores in the year ended March 31, 2025. Total income for the full year stood at Rs. 21,972.92 crores against Rs. 17,106.69 crores in the prior year. Net profit for the year reached Rs. 996.84 crores, up from Rs. 662.85 crores in FY25. The following table summarises the key standalone financial metrics:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited) Revenue from Operations (Rs. Crores): 4,701.97 5,748.67 4,193.96 21,826.34 16,958.65 Other Income (Rs. Crores): 39.84 30.98 59.84 146.58 148.04 Total Income (Rs. Crores): 4,741.81 5,779.65 4,253.80 21,972.92 17,106.69 Total Expenses (Rs. Crores): 4,541.51 5,504.98 4,015.30 20,605.05 16,195.10 Profit Before Tax (Rs. Crores): 202.18 233.37 238.50 1,328.45 911.59 Net Profit (Rs. Crores): 155.60 182.05 172.19 996.84 662.85 Total Comprehensive Income (Rs. Crores): 160.88 181.26 169.09 1,000.45 657.53 Basic EPS (Rs.): 1.50 1.76 1.66 9.61 6.39 Diluted EPS (Rs.): 1.50 1.75 1.66 9.60 6.39

On the cost side, raw material consumption for the full year stood at Rs. 13,247.47 crores (FY25: Rs. 10,303.90 crores), while finance costs were Rs. 527.78 crores (FY25: Rs. 443.18 crores) and depreciation and amortisation expenses were Rs. 403.20 crores (FY25: Rs. 344.29 crores). The company recognised an exceptional item of Rs. (39.42) crores for FY26, relating to the incremental financial impact of four Labour Codes notified by the Government of India on November 21, 2025.

Consolidated Financial Performance

On a consolidated basis, which includes Paradeep Phosphates Limited and its associate Zuari Yoma Agri Solutions Limited, the company reported revenue from operations of Rs. 21,826.34 crores for FY26 (FY25: Rs. 16,958.65 crores) and total income of Rs. 21,972.92 crores (FY25: Rs. 17,106.69 crores). Consolidated net profit for the year was Rs. 996.35 crores compared to Rs. 662.13 crores in FY25. The company's share of net loss from its associate for the year ended March 31, 2026 was Rs. 0.49 crore. Total comprehensive income on a consolidated basis was Rs. 1,000.81 crores for FY26 against Rs. 657.62 crores in FY25. Consolidated basic EPS stood at Rs. 9.60 and diluted EPS at Rs. 9.59 for FY26.

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of Rs. 17,935.92 crores, compared to Rs. 14,268.77 crores as at March 31, 2025. Total equity stood at Rs. 6,782.66 crores (March 31, 2025: Rs. 5,875.33 crores), comprising equity share capital of Rs. 1,038.17 crores and other equity of Rs. 5,744.49 crores. Key balance sheet items are presented below:

Parameter: 31 March 2026 (Rs. Crores) 31 March 2025 (Rs. Crores) Total Non-Current Assets: 6,572.13 5,974.09 Total Current Assets: 11,363.79 8,294.68 Total Assets: 17,935.92 14,268.77 Total Equity: 6,782.66 5,875.33 Total Non-Current Liabilities: 1,247.66 1,247.45 Total Current Liabilities: 9,905.60 7,145.99 Total Liabilities: 11,153.26 8,393.44 Inventories: 4,626.70 2,556.33 Trade Receivables: 4,790.49 3,066.98 Cash and Cash Equivalents: 363.45 934.50 Current Borrowings: 6,056.52 4,210.30

Scheme of Arrangement and Business Combination

The financial results incorporate the impact of the Composite Scheme of Arrangement between Paradeep Phosphates Limited and MCFL, approved by the Bangalore and Cuttack benches of the National Company Law Tribunal (NCLT) on September 24, 2025 and September 26, 2025 respectively, with an appointed date of April 1, 2024. The company restated its financial results from April 1, 2024 to include the financial results of MCFL. Additionally, on September 30, 2025, MCFL (merged with the company) completed the acquisition of a part of the business of Zuari Agro Chemicals Limited (ZACL), including its granulated single super phosphate plant at Mahad, Maharashtra, on a slump sale basis, resulting in recognition of goodwill of Rs. 2.24 crores.

The results excluding the impact of the scheme from the retrospective appointed date are as follows (standalone basis):

Metric: Q4 FY25 (Rs. Crores) FY26 (Rs. Crores) FY25 (Rs. Crores) Revenue: 3,494.02 19,974.50 13,820.21 Profit Before Tax: 222.97 1,154.03 753.14

Dividend and Corporate Governance

The Board of Directors recommended a dividend of Rs. 1.50 per equity share of Rs. 10 each fully paid up for the financial year ended March 31, 2026, subject to the approval of shareholders at the ensuing Annual General Meeting. The Board also approved the re-appointment of Mrs. Rita Menon (DIN: 00064714) as an Independent Director for a second term of three years with effect from June 27, 2026, subject to shareholder approval. Mrs. Menon holds an M.A. in Economics from the Delhi School of Economics and is a retired Indian Administrative Service officer who joined the Civil Services in 1975. She has served as Secretary in the Ministry of Textiles, Government of India, and as Chairman and Managing Director of the India Trade Promotion Organisation. The company confirmed that Mrs. Rita Menon has not been debarred from holding the office of Director by any SEBI order or any other authority. The company's operations fall within a single business segment — Fertilisers and Other Trading Materials — and no separate segment information has been disclosed.

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