Paradeep Phosphates Reports Q2 FY26 Results, Announces ₹3,600 Cr Expansion
Filing Summary
Paradeep Phosphates Ltd announced its unaudited financial results for Q2 FY26, reporting a 49% increase in Revenue from Operations to ₹6,872 crore. The company also revealed a ₹3,600 crore expansion plan to enhance its production capacity. The merger with Mangalore Chemicals & Fertilizers Ltd expanded capacity by 23% to 3.7 million MT. Production volumes increased by 19% YoY, while sales volumes rose by 30% YoY. The company maintained a net debt-to-equity ratio of 0.66x. The expansion aims to add 1.0 million tonnes of granulation capacity and strengthen backward integration.
Paradeep Phosphates Ltd has released its unaudited financial results for the quarter ended September 30, 2025. The company reported a significant increase in its financial performance and announced a ₹3,600 crore expansion program. This expansion plan includes adding 1.0 million tonnes of granulation capacity and enhancing backward integration of phosphoric and sulphuric acid production at its Paradeep and Mangalore units.
For Q2 FY26, Paradeep Phosphates reported a 49% year-on-year increase in Revenue from Operations, reaching ₹6,872 crore. The company’s EBITDA, including other income, rose by 32% YoY to ₹698 crore. Profit Before Tax (PBT) was recorded at ₹469 crore, while Profit After Tax (PAT) increased by 34% YoY to ₹342 crore. For the first half of FY26, Revenue from Operations grew by 46% YoY to ₹11,376 crore, and EBITDA increased by 69% YoY to ₹1,313 crore. The PAT for H1 FY26 stood at ₹659 crore, marking a 135% YoY growth.
Operationally, Paradeep Phosphates achieved a 19% YoY increase in production volumes, reaching 10.06 lakh tonnes in Q2. Sales volumes rose by 30% YoY to 13.55 lakh tonnes. The company reported strong performance in value-added NPK grades, with N-20 sales increasing by 52% YoY to 4.94 lakh tonnes and TSP sales surging by 339% YoY to 1.6 lakh tonnes. The merger with Mangalore Chemicals & Fertilizers Ltd expanded the company’s capacity by 23% to 3.7 million MT, enhancing its market presence in South India.
The company maintained a net debt-to-equity ratio of 0.66x and improved its cash conversion cycle by 30 days. Despite volatility in input costs, Paradeep Phosphates sustained strong margins through strategic sourcing and operational efficiency. The expansion plan aims to achieve 5.0 million MT in sales over the next 2.5 years, aligning with the company’s long-term strategy to become a fully integrated and self-reliant fertilizer manufacturer.
The expansion program is set to enhance the company’s production capabilities significantly. The plan includes increasing phosphoric acid production by 0.5 million tonnes and sulphuric acid production by 1.5 million tonnes. This strategic move is expected to support the company’s growth trajectory and strengthen its market leadership.
Paradeep Phosphates Ltd is one of India’s largest phosphatic fertilizer companies, with an annual capacity of 3.7 million MT across Paradeep, Goa, and Mangalore. The company produces DAP, NPK grades, and Urea, marketed under the brands Jai Kisaan Navratna and Jai Kisaan Mangala. Paradeep Phosphates serves over 10 million farmers through a network of 75,000+ retailers across 18 states in India, supported by strong backward integration and a robust logistics network.