Paradeep Phosphates Limited — Updates, 28-10-2024: Press Release

Paradeep Phosphates Ltd reported a 143% year-over-year profit increase in Q2 FY25, with total income rising 4% to ₹3,844 crores. Fertilizer production grew by 5% to 693,311 MT, while sales surged 18% to 865,286 MT. The company has ambitious plans to expand its phosphoric acid capacity and focuses on sustainable growth through innovative products like nano-fertilizers. Financial management strengthened, leading to a 25% reduction in the net debt-to-equity ratio.