Risk Intelligence
Raw material price spike from Middle East tensions
View Risks →Paradeep Phosphates delivered a robust Q4 FY26 with revenue of ₹4,720 Cr (up 29% YoY) and PAT of ₹161 Cr (up 50% YoY), driven by strong NPK volume growth of 22% and near-100% capacity utilization.
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Paradeep Phosphates delivered a robust Q4 FY26 with revenue of ₹4,720 Cr (up 29% YoY) and PAT of ₹161 Cr (up 50% YoY), driven by strong NPK volume growth of 22% and near-100% capacity utilization. EBITDA per ton improved to ₹5,700 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.
Raw material price spike from Middle East tensions
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Read Transcript →NPK including TSP grew 22% to 24.64 LMT, outpacing industry decline of 1%.
Blended EBITDA per ton improved to ₹5,700 in Q4 from ₹5,300 for full year.
Commissioned 0.5 MTPA at Paradeep and 0.1 MTPA at Mangalore, increasing total capacity by 45%.
Engaging with over 15 million farmers across 18 states, supported by 1 lakh+ retailers.
Phase 1 expansion from 0.5 to 0.7 MTPA at Paradeep is on track for commissioning in FY27.
Sulfur and ammonia prices have surged due to Middle East supply disruptions, impacting input costs.
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