Paradeep Phosphates

Paradeep Phosphates delivered a robust Q4 FY26 with revenue of ₹4,720 CrCurrent reported value: ₹4,720 Cr. No comparable prior figure is available in the source record. (up 29Current reported value: 29. No comparable prior figure is available in the source record.% YoY) and PAT of ₹161 CrCurrent reported value: ₹161 Cr. No comparable prior figure is available in the source record. (up 50Current reported value: 50. No comparable prior figure is available in the source record.% YoY), driven by strong NPK volume growth of 22% and near-100% capacity utilization. EBITDA per ton improved to ₹5,700Current ₹5,700. Reported change: +₹400 QoQ. in Q4 vs ₹5,300 for the full year, aided by backward integration benefits from new sulfuric acid plants. Management highlighted adequate raw material coverage for Q1 FY27 and ongoing government engagement for Q2, but flagged elevated sulfur/ammonia prices due to Middle East tensions. The company targets commissioning of phosphoric acid expansion to 0.7M tons by FY27 and expects incremental volumes from debottlenecking in H2 FY27. Key risk: sustained raw material price spikes could pressure margins if government support is insufficient.