Paradeep Phosphates shares surged by 10% today, buoyed by strong Q2 FY25 results that exceeded market expectations. The company reported a 4.4% rise in revenue to ₹3,844 crore, a 65.8% increase in EBITDA to ₹425.3 crore, and a notable 154.6% jump in profit after tax (PAT) to ₹227.6 crore. The EBITDA margin also improved significantly, reaching 11.1%, up by 410 basis points YoY.
This robust financial performance has propelled the stock to a new 52-week high of ₹98.5, with the stock trading above its key moving averages, signaling a positive momentum. Paradeep Phosphates also announced a brownfield capex plan to expand phosphoric acid production, aiming to increase capacity from 0.5 MMTPA to 0.7 MMTPA, supported by ₹250 crore in funding from internal accruals and external financing.
Key highlights from Q2 include:
- Total production: 693,311 MT, up 5%
- Sales volume: 865,286 MT, up 18%
- Net Debt-to-Equity improved by 25% to 0.82x
- Cash surplus from operations at ₹1,238 crore
With these impressive results and strategic expansion plans, Paradeep Phosphates remains a strong contender in the fertilizer sector.
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