Indian Phosphate Limited — Investor Meet, 06-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indian Phosphate reported robust H1 FY26 performance: revenue up 15% YoY to ₹451 Cr, EBITDA 40% higher, and PAT surged 50%. The Sulfuric Acid plant, operational since August 2025, runs at ~75% capacity. The integrated Labsa plant is expected by Q4 FY26, promising margin gains from captive use and power. The Dhule fertilizer project is on hold, awaiting Labsa commissioning and favorable government subsidy stability. Management addressed a ₹105 Cr corporate guarantee for a related hospitality project (expected release Q4 FY27). Management maintains a confident outlook, emphasizing diversification and operational efficiency.