Paradeep Phosphates Ltd shares surged over 3% in Friday’s trade after the company reported robust second-quarter (Q2) earnings along with major investment announcements aimed at capacity expansion. As of 9:33 AM, the shares were trading 2.79% higher at Rs 168.38.
In its Q2 FY25 results, the fertilizer maker reported a 48.8% year-on-year jump in revenue to Rs 6,872 crore, compared to Rs 4,619 crore in the same period last year. EBITDA rose 29.5% to Rs 657 crore versus Rs 507 crore, while the EBITDA margin stood at 9.6%, slightly lower than 11% last year.
The company’s net profit also grew 33.9%, coming in at Rs 342 crore compared to Rs 255 crore in the previous year, reflecting strong operational performance despite margin pressure.
In addition to the strong financial performance, Paradeep Phosphates announced fresh investments totaling Rs 3,600 crore to strengthen its production footprint — Rs 2,450 crore will be invested at its Paradeep site, and Rs 1,150 crore at the Mangalore site.
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