Paradeep Phosphates, India’s second-largest private-sector phosphatic fertilizer company, yesterday reported its financial results for the quarter and full year ended 31 March 2025, delivering robust performance across operational, financial, and strategic metrics.

For FY25, the company posted a 452 per cent year-on-year surge in profit after tax (PAT), powered by record fertilizer sales of 3.03 million tonnes. Revenue from operations stood at Rs 138.20 billion, registering a 19 per cent growth over the previous year. EBITDA rose sharply to Rs 13.67 billion, up 91 per cent year-on-year, while profit before tax increased by 434 per cent to Rs 7.53 billion. In Q4 alone, revenue grew by 56 per cent to Rs 34.94 billion, with EBITDA doubling to Rs 3.89 billion and PBT rising nearly eight-fold to Rs 2.23 billion.

The Board has recommended a dividend of Rs 1 per equity share on the face value of Rs 10 for the financial year 2025.

The company reported production volumes of 2.63 million tonnes and primary sales of 3.03 million tonnes for the full year, reflecting year-on-year growth of 14 per cent and 20 per cent, respectively. PPL served over 9.5 million farmers across 15 Indian states through a wide network of more than 95,000 retail points. Its product basket included nine diverse crop and soil specific NPK grades, with N-20 sales crossing a record 1.06 million tonnes. PPL also achieved record POS sales, maintaining high sales velocity, leading to improved receivables and better working capital efficiency. It continued on its innovation-led offerings, selling 1.66 million bottles of nano fertilizers and achieving strong market response for its recently introduced TSP product, selling nearly 1.5 lakh tonnes during the year.

PPL maintained a sharp focus on strategic sourcing and supply chain agility, leveraging long term supplier relationships and robust on-site storage infrastructure to navigate the volatility in raw material prices during the year.

The company ended FY25 with a net-debt to equity ratio of 0.78, marking a 28 per cent reduction over the previous year, and improved net debt per tonne of sales. These operational efficiencies translated into healthy free cash generation post working capital and capex.

On the ESG front, PPL achieved a significant milestone by being ranked among the top 2 per cent globally in the chemicals sector by S&P Global as part of their 2024 Corporate Sustainability Assessment, which forms the basis of the Dow Jones Sustainability Indices. This recognition underscores PPL’s growing leadership in sustainability and its continued focus on embedding ESG into every layer of strategy and operations.

Commenting on the performance, Suresh Krishnan, Managing Director & CEO of Paradeep Phosphates, said “We have achieved record sales volumes of over 3 million tonnes, underpinned by strategic sourcing, a diversified NPK production mix, focused sales and marketing efforts, and strong fiscal and operational discipline. Both our debt levels and net debt per tonne of sales have decreased meaningfully. We ended the year with 74% of EBITDA converting into free cash flow. Over the past four years, our growth in volumes and key financial metrics has been standout within the industry.

Our commitment to ESG has also earned global recognition, with S&P placing us in the top 98th percentile in the chemicals sector. ESG will continue to be a core pillar of our growth agenda.

With a favorable monsoon outlook and continued government support, we remain focused on driving operational excellence and deploying free cash flows prudently to support strategic growth including backward integration.”