Revenue Growth Driven by Strong Operational Performance
Bhubaneswar, February 3, 2025 – Paradeep Phosphates Limited (BSE: 543530, NSE: PARADEEP), a leading player in the fertilizer sector, has announced its unaudited financial results for the quarter and nine months ended December 31, 2024.
Key Financial Highlights (Standalone)
(₹ in Crores)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 4,104.92 | 3,843.84 | 2,595.03 | 10,326.19 | 9,332.38 |
| Total Income | 4,140.07 | 3,858.75 | 2,603.67 | 10,395.46 | 9,371.19 |
| Profit Before Tax (PBT) | 220.21 | 295.80 | 153.51 | 530.17 | 115.12 |
| Net Profit | 158.69 | 227.46 | 108.92 | 392.48 | 78.94 |
| EPS (Basic, ₹) | 1.95 | 2.79 | 1.34 | 4.82 | 0.97 |
YoY Revenue Growth: 58.2% in Q3 FY25 compared to Q3 FY24. YoY Profit Growth: 45.7% in Q3 FY25 compared to Q3 FY24. QoQ Revenue Growth: 6.8% compared to Q2 FY25.Consolidated Financial Performance
Paradeep Phosphates' consolidated financial results mirror the strong standalone performance. The revenue for Q3 FY25 stood at ₹4,104.92 crores, with net profit at ₹158.75 crores, showing a similar growth trajectory.Key Business Developments
- Proposed Merger with Mangalore Chemicals & Fertilizers Ltd.
The Board has approved a composite scheme of arrangement for the merger of Mangalore Chemicals & Fertilizers Limited with Paradeep Phosphates. This move is expected to strengthen market presence and enhance operational synergies. The necessary regulatory approvals are pending. - Appointment of New Secretarial Auditor
The Board has appointed M/s. Sunita Jyotirmoy and Associates as the Secretarial Auditor for FY 2024-25. The firm has over 20 years of experience in corporate governance and compliance.
Management Commentary
N. Suresh Krishnan, Managing Director, stated:"We continue to witness strong demand for our products, driving revenue and profit growth. The proposed merger with Mangalore Chemicals will unlock significant value for stakeholders and enhance operational efficiency."
Strategic Outlook
- Merger Synergies: The planned amalgamation with Mangalore Chemicals & Fertilizers is expected to drive cost efficiencies and expand market share.
- Industry Growth: With government initiatives supporting the agricultural sector, the demand for fertilizers remains robust.
- Operational Efficiency: The company aims to optimize costs and improve margins, focusing on raw material procurement strategies.
Investor Takeaway
Paradeep Phosphates Limited has delivered strong financial performance, with significant revenue and profit growth. The merger with Mangalore Chemicals is set to enhance scalability and market competitiveness, making the stock attractive for long-term investors. Stock Performance Outlook: Bullish Key Catalysts: Merger Approval, Revenue Growth, Cost Optimization